Canadian startup news of the week (9/27/20)

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


Hootsuite initially agreed to ICE deal before pulling out, documents reveal

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.


Trudeau government promises wage subsidy extension, changes to CEBA, BCAP in throne speech

The Liberal government has made commitments to extending and expanding its COVID-19 relief efforts for businesses.


Shopify reveals data breach that affected "less than 200" merchants

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 in talks with University of Calgary to bring new innovation hub to Alberta

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


RECOMMENDED BY BETAKIT

BC VENTURE FUNDING KEEPS PACE IN Q2 2020 AS DEAL VOLUME CONTINUES DOWNWARD TREND

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.


LILIA CEO ALYSSA ATKINS ON HOW COVID-19 CHANGED HER Y COMBINATOR DEMO DAY

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.


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

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.


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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.