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
Reports provide snapshot on how small businesses are faring as Canada reopens from COVID-19(BETAKIT)
As governments turn their attention toward restarting the economy, new reports have revealed that businesses across the country are still facing a number of hurdles.
OSC alleges Coinsquare manipulated market, misled clients about trading volumes(BETAKIT)
The filings from the OSC also allege that Coinsquare took “reprisal” against an employee whistleblower for repeatedly raising concerns.
Ottawa, Calgary gain momentum in CBRE North American top tech talent report as Toronto falls one spot to fourth(BETAKIT)
“Toronto continues to be near the front of a very competitive pack.”
Ontario to create IP commercialization framework with provincial innovation hubs(BETAKIT)
The Ontario government’s new IP team will consist of the same members of the expert panel that released the February report.
Latest Funding, Acquisitions, and Layoffs
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Foodee raises $13M in funding and acquires Chewse (Read here)
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Untether AI closes additional $9.4M (Read here)
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Bridgit raises $9.4M in funding (Read here)
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Foxquilt raises $3.5M (Read here)
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Swyft closes $3M funding round (Read here)
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Intelligent Imaging Systems and Drivewyze close $81.7M in funding (Read here)
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Willful raises $800,000 in seed financing (Read here)
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GoSecure raises $27M Series E (Read here)
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BuyBack Booth secures $5.2M in seed funding (Read here)
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Orpyx raises $7.6M Series A (Read here)
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Mednow.ca raises $6.5M seed round (Read here)
POWERED BY SAGE INTACCT
Finance’s Guide to Automating your Subscription Business(SAGE)
With the subscription economy, you’re focusing on longer-term customer relationships vs. transactions. And that means downstream complexity with billing, revenue recognition, forecasting, and SaaS metrics.
Download this eBook to learn more about automating your subscription business, accelerating the quote-to-cash cycle, and the five steps you can take better manage your financials.
BLACK SWAN #15 – THE EVOLVING BUSINESS OF PREPARING FOR DEATH(BETAKIT)
Willful is a Toronto-based startup that helps people easily create a legal will. Not the sexiest of startups in normal times, but these are not normal times.
BLACK SWAN #14 – DISRUPTING STARTUP CULTURE AND WHY CANADIAN FINTECHS ARE PISSED(BETAKIT)
Somehow we’re halfway through 2020. Anyone else need a break?
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