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
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.
Remote learning and travel restrictions are some of the reasons ApplyBoard has seen “huge acceleration.”
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’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
Brink Bionics raises $350,000 in seed financing (Read here)
Connect&GO raises $4M Series A extension (Read here)
Nexus Robotics closes $550,000 investment (Read here)
LifeSpeak raises $42M (Read here)
Maple raises $75M (Read here)
Edsby raises $5.3M Series A (Read here)
AppDirect closes $185M (Read here)
OnCall Health raises $7.9M Series A (Read here)
Rebelstork raises $2M seed round (Read here)
Trainerize acquired by ABC Financial (Read here)
VentureLAB receives $370,000 (Read here)
RECOMMENDED BY BETAKIT
Mike Silagadze joins for a candid conversation on the state of post-secondary education in North America, while explaining how his company went from massive fundraise to pandemic pivot in a few short months.
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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