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
In an email obtained by BetaKit sent to all Hootsuite employees shortly after 9 pm PST on September 23, recently appointed CEO Tom Keiser stated that the company had decided to pull out of the deal it had with ICE.
The Liberal government has made commitments to extending and expanding its COVID-19 relief efforts for businesses.
Shopify claimed that following its investigation it determined two “rogue members” of its support team were engaged in a plot to obtain the customer transactional records of specific merchants.
MaRS confirmed to BetaKit Wednesday that it is hoping to bring its innovation hub model to Calgary in order to help accelerate innovation in the region.
Latest Funding, Acquisitions, and Layoffs
Shopify closes public offering at $1.91B USD (Read here)
Clearpath Robotics raises an additional $6.6M (Read here)
Nuvei closes initial public offering at $833M USD (Read here)
FreshBooks acquires Facturama (Read here)
Tiny Capital acquires majority stake in Button (Read here)
Omnirobotic raises $6.5M (Read here)
AppDirect closes $185M (Read here)
University of Toronto receives $250M donation (Read here)
Lane acquires eServus (Read here)
Quill acquires Origins Media Haus (Read here)
mCube acquires Kinduct (Read here)
RECOMMENDED BY BETAKIT
Tech companies in British Columbia continued to see consistent venture funding in the second quarter of 2020, despite another drop in deal volume, according to Hockeystick’s latest ecosystem report.
As YC and other North American accelerator programs, from Google and Techstars, go fully remote, Lilia might be one of the last Canadian companies to experience an accelerator in person.
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.
Subscribe to B|K: The BetaKit Newsletter
Subscribe to B|K using the form below to ensure the best from BetaKit hits your inbox every week.