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 increase in M&A activity follows $136 million CAD in Series E capital raised earlier this year, which gave Clio a $1.6 billion USD valuation.
The statement from the embattled company came two days after Imran Khan, the co-founder and former president of Facedrive, alleged the company could be facing insolvency proceedings.
At a recent panel for BetaKit Patreon supporters, a trio of Canadian tech’s people leaders said companies need more government leadership regarding how to navigate vaccination policies and mandates in the workplace.
Wattpad executive Jeanne Lam has taken on the role of president, the first in the company’s history as it reports “a period of explosive growth” following its acquisition by Naver.
Shopify makes strategic investment in Israeli ecommerce marketing startup Yotpo with new partnership(BETAKIT)
Yotpo is just the latest Shopify investment as the Ottawa-based company races to bulk up its ecosystem with both funds and acquisitions.
Rebranded Nuula secures $120 million for real-time data app, loan offering for small businesses(BETAKIT)
The company was formerly known as BFS Capital, which began its transformation to a company with a real-time data and analytics app in 2019 when it opened a Toronto engineering hub.
Latest Funding, Acquisitions, and Layoffs
BC – Redlen to be acquired by Canon (read more)
VAN – Traction on Demand acquires Trineo (read more)
TOR – Cohere – $40M (read more)
TOR – Irwin – $25M (read more)
OTT – Creative Layer – $3M (read more)
MTL – AON3D – $14.4M (read more)
MTL – Gallea – $1.5M (read more)
RECOMMENDED BY BETAKIT
CCI Executive Director Benjamin Bergen joins to walk through the major political parties’ tech platforms (and what they’re missing) ahead of the federal election.
HOW CANADIAN TECH TOOK OVER THE TSX(BETAKIT)
TMX group’s Dani Lipkin joins to explain why the first half of 2021 is already the best year ever for Canadian tech companies on the TSX, and why it took so long.
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