Canadian startup news of the week (9/12/21)

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


Clio acquires San Francisco’s Lawyaw as it ramps up merger and acquisition efforts

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.


Facedrive fracas heats up as company confirms it filed suit against its co-founder

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.


Canadian tech leaders want more government guidance before returning to the office

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.


Jeanne Lam named first president of Wattpad

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

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

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


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ELECTIONEERING

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

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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Josh Scott

Josh Scott

Josh Scott is a BetaKit staff writer who loves to tell Canadian business and tech stories. His coverage is more complete than his moustache.