Canadian startup news of the week (7/05/20)

North Focals

Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features, and editorials published on BetaKit. If you prefer this update hit your inbox every week, make sure to subscribe to the BetaKit Newsletter using the form at the bottom of this page.

Top Stories of the Week

North acquired by Google(BETAKIT)

North, formerly Thalmic Labs, revealed the deal on Tuesday, calling the acquisition “a terrific fit” for the smart glasses developer.

Tom Keiser to replace Ryan Holmes as CEO of Hootsuite(BETAKIT)

BetaKit sat down with Holmes to discuss stepping down as Hootsuite’s CEO after 12 years and Keiser taking on the role.

Frank And Oak files for protection from creditors under Bankruptcy and Insolvency Act(BETAKIT)

Frank And Oak reportedly has debts amounting to $19 million, according to Le Journal de Québec.

Alberta recovery plan includes $175 million for Alberta Enterprise Corporation, commitment to create innovation strategy(BETAKIT)

The province’s $175 million commitment to AEC is aimed to help early-stage startups secure access to venture capital.

Latest Funding, Acquisitions, and Layoffs


Bruce Croxon and Vidyard CFO Matt Hodgson share tips for building resilient SaaS startups(BETAKIT)

Sage Intacct hosted a webinar with Bruce Croxon and Matt Hodgson to explain what SaaS founders can do to build resilience into their organizational models.


When the pandemic hit in mid-March, within days, so too did the layoffs. Since that time, many organizations have stepped up to support the newly jobless.


Amoye Henry and Danielle Graham discuss the underlying social problems that prompted Amoye’s BetaKit op-ed “The horrifying truth about being a Black woman founder in Canada” and potential solutions.

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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.

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