Canadian startup news of the week (9/26/21)

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


BetaKit Live: Canada’s ‘New’ Innovation Policy on September 28th

On Tuesday, September 28th at 4:30PM ET, BetaKit will be joined by three Canadian policy wonks who will share their thoughts on what Canada’s new innovation policy might look like.


RBCx launches venture debt product as market for it heats up in Canada

Based in Toronto, RBCx is a newly-constructed innovation banking group that oversees the delivery of all banking products and services to tech and innovation companies for RBC.


StandUp Ventures reveals second fund dedicated to women-led startups with $30 million initial close

StandUp Ventures has secured just over $30 million in initial capital for its second fund after finding early success investing in women-led startups.


Inovia partners part of newly launched acquisition company, Soar Technology, and $230 million USD IPO

Chris Arsenault and Patrick Pichette from Inovia Capital are both directors on Soar Technology Acquisitions Corp’s board.


Vancouver-based Dapper Labs raises $250 million USD, partners with Spain’s LaLiga

In March, Dapper Labs raised $305 million USD ($388.2 million) in financing to expand to other sports.


Rewind fundraise shows that slow and steady can win the market

The CEO and co-founder of Ottawa-based Rewind admitted to BetaKit in January that the company’s $19 million CAD Series A round had come about because of the “opportunities that we were leaving on the table.”


Latest Funding, Acquisitions, and Layoffs

  • VIC – Buyer acquired by Ramp (read more)

  • VAN – First Fund closes additional $6M (read more)

  • VAN – WELL Health to acquire Aware MD (read more)

  • VAN – Wishpond acquires Brax.io (read more)

  • >AB – Alberta Innovates to fund four new tech accelerators (read more)

  • CAL – Appoxio acquired by Thirdera (read more)

  • MISS – Trade X acquires Techlantic (read more)

  • TOR – Daylight Automation – $15.7M (read more)

  • TOR – Convictional – $6.7M (read more)

  • TOR – Top Hat acquires Morton Publishing Company (read more)

  • TOR – PhenoTips – $2.5M (read more)

  • TOR – LevelJump.io to be acquired by Salesforce (read more)

  • TOR – Enthusiast Gaming acquires Addicting Games (read more)

  • TOR – Medchart lays off 19 employees (read more)

  • OTT – Rewind – $65M (read more)

  • MTL – Angel Host – $5.2M (read more)

  • HAL – Sparrow – $3.25M (read more)

  • HAL – 3D BioFibR – $700K (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.


SENATOR COLIN DEACON TALKS OPEN BANKING, COMPETITION, #FREEBOSWELL

“The reality is [the banks] have been used to an environment where they can increase fees without increasing value to customers.”


HOW FELIX & PAUL WON AN EMMY SHOOTING VR ON THE ISS

Space Explorers: The ISS Experience happens to be the largest production ever filmed in space.


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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.