Canadian startup news of the week (9/20/20)

OneEleven

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


Nuvei stock surges, representing largest tech IPO in Canada

With this initial public offering, the Montréal-based FinTech company is set to raise $700 million USD, which would make it one of the largest Canadian tech IPOs in TSX history.


ApplyBoard secures $70 million, pens deal to expand EdTech platform's capabilities

Remote learning and travel restrictions are some of the reasons ApplyBoard has seen “huge acceleration.”


Matthew Lombardi tapped as new head of OneEleven

One source familiar with the hiring process told BetaKit that Lombardi’s knowledge of the private and public sectors, as well as the Canadian innovation space, played a role in his selection.


Montréal sets new funding record with two massive travel tech deals in Q2 2020

Montréal’s record-setting quarter was fuelled by a surge in late-stage activity, punctuated by two mega-deals in travel tech.


Futurist Amy Webb explains why COVID-19 is forcing businesses to ask new questions about data, trust

“The companies that get through this, that don’t just survive, but wind up thriving, have their eye on the farther future.”


Latest Funding, Acquisitions, and Layoffs


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TOP HAT CEO MIKE SILAGADZE ON EDTECH’S CRAZY SCHOOL YEAR

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GOLDEN VENTURES PARTNER AMEET SHAH EXPLAINS THE CURRENTLY “HOT” VC MARKET

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.


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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.