Canadian startup news of the week (10/31/21)
Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features,…
fintech
Mogo planting trees to offset carbon emissions from Bitcoin mining
In the midst of the controversy over the climate change impact Bitcoin mining causes, the FinTech startup Mogo Inc. has launched…
Hopper’s Series G kept Montréal funding strong in Q3
Montréal’s tech ecosystem continued to see strong venture funding in the third quarter of 2021, raising a total of $408.7…
Lumira Ventures latest Canadian VC to jump on SPAC trend in pursuit of US medtech firms
A newly formed special purpose acquisition company (SPAC) with executives from and backed by Canada’s Lumira Ventures set…
Former CTO the latest Coinsquare exec to sue the crypto startup
Simon Palmer, who previously served as Coinsquare’s chief technology officer (CTO), has filed a lawsuit against the Toronto-based…
Propel closes over-allotment option, pulls in $70 million for public offering
Toronto-based FinTech startup Propel Holdings has closed its over-allotment option that generated gross proceeds of $9.1 million…
New York-based Jeeves launches corporate financing solution in Canada
New York-based FinTech startup Jeeves has launched its services in Canada as well as Colombia, the United Kingdom, and Europe.…
Link Investment Management revs up to take on insurance, banking incumbents with $2.5 million
FinTech startup Link Investment Management has received a $2.5 million CAD Series A strategic investment from the Canaccord…
Amid potential PayPal-Pinterest deal, Scott Galloway predicts Shopify will purchase Snap
Scott Galloway, a professor at New York University’s Stern School of Business, has predicted that Canadian e-commerce giant…
Q4 Inc. makes TSX debut, joining growing wave of Canadian tech IPOs
Investor relations software firm Q4 Inc. has begun trading on the Toronto Stock Exchange (TSX). Q4 is listed on the TSX under…
White Star Capital closes $446 million CAD for new fund
White Star Capital, a global venture firm with Canadian operations, announced that it has secured $446 million CAD ($360 million…
In Q3, Toronto startups broke venture funding records… again
Toronto tech startups once again broke venture funding records, raising over $1.6 billion through 53 deals in Q3 2021, according…
With Bermuda incubator launch, DMZ aims to gain foothold in blockchain
DMZ’s newest location features plenty of sun, sand, and surf – and hopefully startups. The DMZ at Ryerson University…
Pocketed secures $1 million CAD to help more companies access grant funding, power US expansion
Vancouver-based FinTech software startup Pocketed, which offers a platform that helps businesses find and apply for grants…
Fraction raises $20 million to bring home equity solution to US market
Vancouver-based FinTech startup Fraction Technologies has raised $20 million CAD in a Series A funding round led by QED Investors.…