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
Toronto-based Wealthsimple announced the move on Thursday, noting that Li is set to take on the CEO position in November.
OMERS Ventures founder John Ruffolo has been paralyzed from the waist down following a cycling accident that took place in Markham, Ontario last week.
The company, which has developed payment processing technology, has applied to be listed on the TSX under the symbol ‘NVEI.’
The federal government said it is also working with financial institutions to extend CEBA to businesses that handle transactions through personal bank accounts.
Through BDC, businesses are able to access loans of $12.5 million, while EDC’s BCAP offering includes $6.25 million loans.
The changes to its Ottawa office space comes shortly after Shopify reportedly exercised an option to expand in downtown Toronto.
Latest Funding, Acquisitions, and Layoffs
Acerta secures $5M USD Series A (Read here)
ProNavigator raises $5.6M (Read here)
Vena Solutions secures $25M in financing (Read here)
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Ameet Shah, Partner at Golden Ventures, joins to discuss rising dealflow, shifting round focus, and increasing interest from US VC’s in the Canadian tech ecosystem.
Ami Shah joins to discuss the tough decisions parents and teachers currently face, and how startups can support an educational system in limbo.
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