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
Canadian venture capital investment hits record in Q2 2020 despite COVID-19(BETAKIT)
The second quarter of 2020 saw $1.66 billion in venture capital invested across 145 deals, a 23 percent year-over-year increase and more than double the amount invested in the first quarter of 2020 ($818 million).
As Ethereum turns five, the world's second biggest crypto platform aims to tackle long-standing challenges(BETAKIT)
Although it is now a global phenomenon, Ethereum’s roots are in Canada, where a significant portion of its early development took place.
TransPod signs deal with Alberta to develop Hyperloop track connecting Edmonton, Calgary(BETAKIT)
CEO Sebastien Gendron said the startup estimates the total cost of the project to be between $6 and $10 billion.
Top Hat continues pursuit to take traditional publishers digital with Bluedoor acquisition(BETAKIT)
Top Hat, which offers an active learning platform, has focused this year on pursuing its strategy of bringing “traditional publishers into the digital age.”
Latest Funding, Acquisitions, and Layoffs
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Wrapbook raises $4.7 million CAD seed round (Read here)
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Breathe Life raises $11.5M (Read here)
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SeamlessMD raises $4M Series A (Read here)
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ACTO announces $11.5M USD Series A (Read here)
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AlayaCare secures $15M debt facility (Read here)
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Verto Health raises $2M seed round (Read here)
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Dispatch Coffee raises $1.26M seed round (Read here)
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Cloud DX receives up to $300,000 from NRC IRAP (Read here)
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KitchenMate raises $3.5M seed round (Read here)
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FedDev Ontario invests $281,600 in ELLA (Read here)
RECOMMENDED BY BETAKIT
PEEKAPAK CEO EXPLAINS HOW STARTUPS ARE SUPPORTING BACK TO SCHOOL(BETAKIT)
Ami Shah joins to discuss the tough decisions parents and teachers currently face, and how startups can support an educational system in limbo.
RAW SIGNAL GROUP EXPLAINS WHAT TECH MANAGERS ARE WAITING FOR(BETAKIT)
“There’s this asterisk attached to everybody’s answers right now, because they reserve the right to revise them all in a week.”
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