Canadian startup news of the week (7/12/20)

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


Liberals' economic snapshot reveals $343.2 billion deficit following COVID-19 relief measures

The snapshot also predicts that Canada’s economy will shrink by 6.8 percent this fiscal year before returning by 5.5 percent next year.


Frank And Oak set to close stores, look for buyer or financing as existing investors unwilling to back

Shareholders advised Frank And Oak “of their clear intention to no longer fund the losses of the company.”


Toronto tech venture deal count plummets in "unfortunate" first quarter of 2020

The deal volume in Q1 was the lowest it has been since at least Q3 2018, when Hockeystick began collecting such data.


Ontario court approves Facedrive's acquisition of Foodora Canada assets

Facedrive is currently building out its own food delivery platform, Facedrive Foods.


Latest Funding, Acquisitions, and Layoffs


POWERED BY SAGE INTACCT

Managing SaaS Metrics Throughout the Company Growth Life-cycle

Fast growth requires fast decisions made with the right information. But SaaS companies face more challenges.

What if you could easily capture and instantly access the detailed metrics you need, right when you need them? What if these metrics shed light on the pitfalls and opportunities ahead, as well as the root causes of performance trends?

Learn about the key metrics needed to fully understand organizational health and determine the best ways to optimize your business to scale.


BLACK SWAN #14 – DISRUPTING STARTUP CULTURE AND WHY CANADIAN FINTECHS ARE PISSED

Somehow we’re halfway through 2020. Anyone else need a break?


BLACK SWAN #13 – THE HELP LIST

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.


Subscribe to B|K: The BetaKit Newsletter

Subscribe to B|K using the form below to ensure the best from BetaKit hits your inbox every week.

* indicates required




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.