Canadian startup news of the week (8/29/21)

Prime Minister Justin Trudeau

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

Blockstream secures $266 million CAD at $4 billion valuation to monetize the Liquid Network(BETAKIT)

With the new funding, Blockstream has secured a $4 billion CAD ($3.2 billion USD) valuation, making it Canada’s latest unicorn.

Toronto entrepreneur helps raise over $350,000 CAD in support of Afghan refugees(BETAKIT)

In five days, a Toronto tech entrepreneur raised $354,035.93 CAD for two charities supporting Afghan refugees.

#paid secures $18.9 million CAD Series B round to capitalize on the exploding creator economy(BETAKIT)

“Every major consumer brand today is being built with creators at the core, but the world of brand and creator collaboration is still super messy and broken.”

Flinks CEO says Montreal FinTech has “grand plans” as National Bank takes majority stake(BETAKIT)

This new injection of equity from National Bank comes on top of a Series A round of $15.2 CAD, which brought Flinks’ total funding to date to $19 million in July 2020.

Attabotics files patent infringement claim against Boston-based Urbx(BETAKIT)

Attabotics’ complaint, obtained by BetaKit, alleges that Urbx has and continues to infringe two patents held by Attabotics.

Raw Signal Group’s new book extracts leadership lessons from the pandemic(BETAKIT)

Unmanageable is about power in the workplace, Melissa said, noting it’s about the negotiation of power between bosses, executives, and employees.

Open letter from Canadian tech execs challenges party leaders to outline their vision for sustainable economic growth(BETAKIT)

Citing the existential threat of the climate crisis, the signatories write that every aspect of the Canadian economy must be positioned toward a low-carbon future.

Latest Funding, Acquisitions, and Layoffs

  • BUR – Wondershare Technology to acquire Ufoto (read more)

  • VAN – Semios to acquire Agworld (read more)

  • VAN – Cmd to be acquired by Elastic (read more)

  • VAN – Altus Assessments acquires One45 (read more)

  • VAN – LifeBooster secures investment from owner of Gore-Tex (read more)

  • REG – Emmertech fund secures $45M in first close (read more)

  • REG – 54eDev Studios – $1.7M (read more)

  • CAM – Lone Wolf Technologies acquires Propertybase (read more)

  • TOR – Figment – $50M (read more)

  • TOR – GrowthGenius – $2.3M (read more)

  • TOR – Plentywaka – $1.2M (read more)

  • TOR – Pluribus Technologies acquires Pathways Training & eLearning (read more)

  • TOR – Graph Blockchain acquires Optimum Coin Analyser (read more)

  • TOR – Medivolve acquires Marbella Pharmacy (read more)

  • MTL – FIX4 Capital – $7.2M (read more)

  • MTL – NestReady acquired by Homebot (read more)

  • OTT – Lytica – $3.8M (read more)

  • QC – Zilia – $4M (read more)

  • QC – Viridis Terra – $3.25M (read more)

  • HAL – Appili Therapeutics – $3.5M (read more)

  • HAL – Frenter acquires Rentbridge (read more)

  • LA – Highstreet – $5M (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. He was also the winner of SABEW Canada’s 2023 Jeff Sanford Best Young Journalist award.

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