Today in company updates: Wealthsimple, Dozr, and DNAstack

This week, several startups have made announcements launching new features and partnerships. Here’s the latest on company updates.

Wealthsimple launches new pricing structure

Wealthsimple has launched Wealthsimple Black, a new pricing structure to better meet the needs of investors.

Wealthsimple Black, which is available to new and existing Wealthsimple clients with $100,000 or more invested, provides investors with new services, including personalized financial planning, tax-loss harvesting, tax-efficient accounts, and VIP access to over a thousand airline lounges around the world.

“At Wealthsimple, we’re constantly evolving to meet the needs of our clients, and as their savings grow, we’re growing with them,” said Michael Katchen, the founder and CEO of Wealthsimple. “Our mission is to provide the best service and financial advice to all investments, no matter how far along they are toward reaching their financial goals.”

Wealthsimple said the new pricing structure is part of the company’s website redesign, in order to make Wealthsimple more “straightforward” and “intuitive” for its users.

Dozr begins business operations in Florida

Kitchener-based Dozr, an online heavy equipment marketplace, announced that it has begun operating in Florida. The company allows construction and agriculture equipment owners to make money for their idle equipment by renting it out to others who need them.

In Florida, Dozr will have an initial focus on Miami, Tampa, and Orlando. The company said it expects that contractors in Florida will take advantage of available construction equipment from Canada and northern States that don’t require machinery until the spring.

“With so much economic growth, construction and agriculture happening in Florida, there is a big demand for equipment,” said Kevin Forestell, the CEO and co-founder of Dozr. “Dozr is here to help connect people with extra equipment with people who need it so that projects can stay on track and owners can earn revenue from their equipment.”

Dozr expanded to the United States following a $2.5 million funding round led by FairVentures in September; its first expansion was in New Jersey.

DNAstack gains investment into its cloud-based platform

Toronto-based DNAstack announced an investment from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) into its cloud-based platform for genomics data analysis and sharing. The amount of funding was undisclosed.

NRC-IRAP and DNAstack will coordinate a 12-month project, which will give Canadian genomics researchers access to DNAstack’s cloud platform. Researchers will be provided with cost optimizations and geographic data sovereignty for information about personal health.

“We are thrilled with the vision that NRC-IRAP has shown with this investment into our company to build enterprise-grade infrastructure to support genomics activities in Canada and internationally,” said Marc Fiume, the CEO of DNAstack. “Canada lacks solutions for genomics data analysis that leverage economies of scale that are provided by modern commercial cloud computing platforms. This technology will give scientists access to massive computing power to accelerate breakthroughs in understanding the causes of genetic diseases like cancer and autism.”


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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