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
OneEleven alumni pass $2 billion USD in collective funding milestone(BETAKIT)
“We have the ability to tap a really incredible and high-achieving alumni community,” said Matthew Lombardi, OneEleven’s managing director.
Neo Financial secures $64 million CAD led by Peter Thiel-backed Valar Ventures(BETAKIT)
The three-year-old startup closed a $64 million CAD Series B round this summer led by Peter Thiel-backed Valar Ventures, which also led Neo’s Series A financing.
Techstars Toronto tapped for second cohort as early-stage accelerator expands(BETAKIT)
Though the program has always accepted companies from outside of Canada, most of Techstars Toronto’s spring 2021 cohort companies were founded in other countries.
What Juno has learned offering Income Share Agreements to Bootcamp students(BETAKIT)
Juno founder and CEO Heather Payne shares her experience building her Bootcamp and its journey of offering Income Share Agreements (ISAs) for students.
Panache Ventures acquires Commonwealth Ventures, launches Fund II(BETAKIT)
Earlier this year, Dooly raised an $80 million USD Series B round and Botpress, which secured $15 million in Series A financing earlier this year, both of which were supported by Silicon Valley investors.
Shopify grows 846 percent over three-year period, places second on 2021 TSX30 ranking(BETAKIT)
Shopify announced its first-ever $1 billion revenue quarter in July.
Radical Ventures expands leadership team, adds partner in San Francisco(BETAKIT)
The firm’s portfolio includes self-driving startup Waabi, which emerged from stealth this June with over $100 million CAD in initial capital.
Latest Funding, Acquisitions, and Layoffs
NEL – SMRT1 – $484K (read more)
VAN – AbCellera acquires TetraGenetics (read more)
CAL – CruxOCM – $7.6M (read more)
WAT – Magnet Forensics acquires DME Forensics (read more)
TOR – Millions.co – $12.6M (read more)
TOR – Foxquilt – $8M (read more)
TOR – MedStack – $3.93M (read more)
TOR – Private AI – $3.15M (read more)
TOR – CarDoor – $3M (read more)
TOR – Skylight acquired by Opendoor (read more)
TOR – Paperstack – $250K (read more)
OTT – Avaleris acquired by PwC Canada (read more)
OTT – LearnExperts – $1.25M (read more)
QC – Snipcart acquired by Duda (read more)
HAL – Proposify – $5M (read more)
RECOMMENDED BY MCI ONEHEALTH
How tech can promote a collaborative, patient-centric approach in healthcare
“Innovation is not just about technology. It’s the mechanism by which you organize and sequence how you actually deliver healthcare, and how to actually understand the patient-doctor relationship.”
In an interview with BetaKit, Saleema Khimji, the Chief Innovation Officer at MCI Onehealth, shared how the current siloed ecosystem of researchers, governments, and private sector companies can fail patients – and why a new patient-centric model based on collaboration needs technology to thrive.
HOW FELIX & PAUL WON AN EMMY SHOOTING VR ON THE ISS(BETAKIT)
Space Explorers: The ISS Experience happens to be the largest production ever filmed in space.
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.
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