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
The decision comes almost one year to the day after Canadian FinTech leader Wealthsimple received the first such order.
Aux Caves FinTech latest target as Canadian securities commissions continue to crack down on crypto asset firms
The OSC previously issued a warning to crypto asset trading platforms that they must contact OSC staff or face potential regulatory action.
Dayna Spiring, president and CEO of Economic Development Winnipeg, told BetaKit, “It’s a great day,” adding that Neo’s choice to lease in the city continues to build out Winnipeg’s tech sector.
The round comes nearly five months after Hopper secured $170 million USD in Series F financing.
Despite its pending acquisition by Penn National Gaming for approximately $2 billion USD in a cash and stock deal, theScore will operate as a stand-alone business.
Even as it expands, Canada Drives faces competition across Canada, including from Toronto-based Clutch.
Combined, Ontario and Michigan are responsible for about 22 percent of North America’s automotive output.
Latest Funding, Acquisitions, and Layoffs
VAN – iQmetrix acquires Shiftlab (read more)
BUR – Nanotech Security to be acquired by Meta Materials (read more)
CAL – ICwhatUC – $1.3M (read more)
SUD – Symboticware – $2.8M (read more)
ON – NGen invests in $4.2M CAD Mycionics-led project (read more)
TOR – Kira Systems to be acquired by Litera (read more)
TOR – Aviron – $4.5M (read more)
TOR – Buildable – $3.76M (read more)
TOR – Shopistry – $2M (read more
TOR – Softdrive – $1M (read more)
NL – Ocean Supercluster invests in $3.4M PanGeo Subsea-led project (read more)
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Breaking news: we’re in the middle of a climate crisis. And to get ourselves out of it we’re going to have to dramatically reduce our environmental impact.
“Canada is three telecom companies in a trenchcoat.” There’s also a looming Canadian election, throwing all policy decisions and progress up in the air.
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