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
As the two consolidate, Shopify and Deliverr will be working together to launch Shop Promise, a new service that will offer consumers two-day and next-day delivery options.
Startup Atlantic is a new, Atlantic Canada Opportunities Agency (ACOA)-funded initiative. The brand brings the four Atlantic Canadian provinces—Newfoundland and Labrador, New Brunswick, Prince Edward Island, and Nova Scotia—together under one roof.
All three of the $100,000 investment prizes—Best of the Fest, Women in Tech, and the Black Entrepreneur award—were won by women founders. The Business Development Bank of Canada (BDC) announced at the event that it is matching each of the prizes for all of the respective winners.
Toronto and the Waterloo region, along with Seattle, were among the top five most concentrated tech markets, ranging from 9.6 percent to 10.3 percent of their total employment.
When multi-factor authentication became widely available, many believed it was enough to stop all hacker attacks. Now, even multi-factor authentication is being targeted by hackers.
Latest Funding, Acquisitions, and Layoffs
EDM – Truffle – $2.3M (read more)
EDM – Startup TNT participants secure collective $1M (read more)
WAT – Proto – $5.6M (read more)
TOR – Ratehub sells majority stake to Novacap (read more)
COB – Northumberland CFDC secures $7.7M from feds (read more)
OTT – Spiderwort – $17.1M (read more)
OTT – Welbi – $3M (read more)
MTL – Bravo Ready – $3.9M (read more)
HAL – Milk Moovement – $26M (read more)
“Trust, and Indigenous impact measurement, and the wellbeing of Indigenous families sit alongside risk and return.”
“The worst outcome for Rogers is an actual real competitor, which is what we are. They know we’re going to bring prices down and they don’t want prices to come down.”
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