Canadian startup news of the week (7/25/21)

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

Properly closes $44 million CAD Series B from key strategics, US investors to tackle Canadian real estate market(BETAKIT)

Properly’s GTA performance and Canada’s appreciating real estate market have led to broad interest from existing, strategic, and major US investors. “Properly will become synonymous with home buying in Canada, much like Zillow is synonymous with home discovery in the US,” one investor told BetaKit.

Portage FinTech SPAC boosts IPO target to $240 million USD, begins trading on Nasdaq(BETAKIT)

Portage Fintech Acquisition’s total gross proceeds would be $40 million more than its initial $200 million USD target.

Intel-backed Untether AI raises $125 million, adds CPPIB, Tracker Capital as investors(BETAKIT)

Untether AI plans to use the fresh capital to expand its current product reach and accelerate the development of its next-generation products, attacking “a multitude of markets.”

Salesforce completes acquisition of Slack(BETAKIT)

Vancouver-founded Slack has officially been acquired by Salesforce, nearly eight months after Salesforce announced plans to acquire the app for $27.7 billion USD.

Latest Funding, Acquisitions, and Layoffs

  • LON – Paystone – $30M (read more)

  • QUE – Oxio – $25M (read more)

  • VAN – FansUnite Entertainment – $24.8M (read more)

  • VAN – 7 Generation Capital – $20M (read more)

  • VAN – Allocadia to be acquired by BrandMaker (read more)

  • MTL – GHGSat – $19.1M (read more)

  • VAN – Visualping – $7.7M (read more)

  • WIN – Conquest Planning – $7.5M (read more)

  • TOR – Accenture acquires Cloudworks (read more)

  • TOR – Adcore secures $4.1M to support Amphy (read more)

  • TOR – Brokrete – $2.7M (read more)

  • TOR – EQ Works acquires Paymi (read more)

  • VAN – Wize acquires EssayJack (read more)

  • TOR – FrontFundr – $1.78M (read more)

  • VAN – Space Alpha Insights – $1.7M (read more)

  • KEL – Trellis acquires EchoLotto (read more)

  • VAN – Merchant Growth acquires Company Capital (read more)

  • TOR – Pluribus Technologies acquires POWR (read more)

  • MTL – Spaceful – $1.3M (read more)

  • PEN – XCO – $1M (read more)

  • HAL – Bright – $250K (read more)

  • HAL – OceanSync – $94K (read more)



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Josh Scott

Josh Scott

Josh Scott is a BetaKit reporter focused on telling in-depth Canadian tech stories and breaking news. His coverage is more complete than his moustache.

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