News from BetaKit

Spinout Traction Complete standing on its own with new $6.7 million CAD Series A, big-name clients

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Josh Scott @ BetaKit · 01/24/2023 06:00 EDT

Startup will stay in the family business after ex-parent Traction on Demand’s acquisition by Salesforce. Read more ›

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F|T: The FinTech Times – A Clearco co-founder resigns as CEO, again

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Michael Edgar @ BetaKit · 01/24/2023 05:00 EDT

Plus: the end of an era for crypto’s pseudo-banks. Read more ›

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Investor liquidity issues are putting the squeeze on Canadian startups

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Kelsey Rolfe @ BetaKit · 01/23/2023 16:44 EDT

In the worst tech downturn in more than a decade, some LPs aren’t honouring capital calls from Canadian VCs. It’s killing deals. Read more ›

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Québec to house IBM quantum supercomputer as Xanadu secures $40 million from feds

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Meagan Simpson @ BetaKit · 01/23/2023 16:22 EDT

PINQ² will operationalize the quantum supercomputer this year. Read more ›

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Delphia places co-founder on leave over sexual assault allegations, lawsuit from former employee

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Meagan Simpson @ BetaKit · 01/23/2023 13:36 EDT

Plaintiff: “I feel hurt and betrayed by Delphia's co-founders.” Read more ›

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StoryTap founder Bernadette Butler on how she overcame the “shocks” of entrepreneurship

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Stefan Palios @ BetaKit · 01/23/2023 06:00 EDT

How Butler transitioned from telecom manager to startup founder. Read more ›

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Canadian startup news of the week (1/22/23)

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Michael Edgar @ BetaKit 2 place · 01/23/2023 05:00 EDT

Plus: Vidyard eyes $1 billion in revenue. Read more ›

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Front-end, back-end, full-stack developers needed across Canada

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Michael Edgar @ BetaKit · 01/22/2023 15:48 EDT

Clio, Busbud, Ceridian, and Global Relay all looking to hire. Read more ›

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Stephen Marche on how generative AI will transform academia (and everything else)

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Douglas Soltys @ BetaKit 1 place · 01/20/2023 19:45 EDT

Nobody is prepared. Read more ›

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Harvest Builders, Headversity, among 15 recipients of $25.5 million PrairiesCan investment for Calgary businesses

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Charlize Alcaraz @ BetaKit 1 place · 01/20/2023 15:03 EDT

The funding is expected to support over 800 jobs in healthtech, cleantech, other sectors. Read more ›

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TSX-listed Magnet Forensics to be acquired by Thoma Bravo in $1.8 billion CAD deal

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Josh Scott @ BetaKit 1 place · 01/20/2023 12:26 EDT

Announcement comes hours after IIROC halted trading of Magnet’s shares. Read more ›

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Alberta Innovates’ Bryan Helfenbaum on the future of energy in Canada

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Stefan Palios @ BetaKit 3 place · 01/20/2023 07:00 EDT

Executive director says clean tech can help maintain prosperity while driving toward a net-zero economy. Read more ›

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H|T: The Healthtech Times – Carbon Health cuts staff, closes $100M

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Michael Edgar @ BetaKit 2 place · 01/20/2023 05:00 EDT

Plus: LeanTaas and Hospital IQ join forces. Read more ›

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S|W: The SaaS Weekly – The best places to work in Canada are US SaaS companies

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Michael Edgar @ BetaKit · 01/20/2023 05:00 EDT

Plus: Supply Vision acquired for $16 million. Read more ›

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Summit Nanotech secures $50 million USD to scale lithium extraction for EV production

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Charlize Alcaraz @ BetaKit · 01/19/2023 14:56 EDT

The Calgary startup aims to build the “lithium mine of the future.” Read more ›

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Benevity cites lower than expected customer demand as cause for 14 percent layoffs

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Josh Scott @ BetaKit 3 place · 01/19/2023 13:18 EDT

Benevity joins Hootsuite, Lightspeed, Clutch, Clearco in significant staff cuts. Read more ›

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Layoffs spread to Clutch, Canada Drives as online auto marketplaces gear down

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Charles Mandel @ BetaKit · 01/19/2023 12:48 EDT

Clutch cut approximately 65 percent of its staff. Read more ›

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Milk Moovement countersues US competitor Dairy LLC, alleges monopoly abuse over dairy intelligence industry

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Charlize Alcaraz @ BetaKit · 01/19/2023 12:06 EDT

Relationship soured last year when Milk Moovement allegedly spilled Dairy’s “trade secrets.” Read more ›

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Signal 1 launches AI platform at Grand River Hospital as startup aims to help create more capacity in Canada’s healthcare system

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Josh Scott @ BetaKit · 01/19/2023 10:29 EDT

“What the health care system needs right now is real innovation and novel solutions.” Read more ›

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After navigating “major” changes to restaurant industry, Notch closes $13.7 million CAD to fuel pivot to FinTech

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Josh Scott @ BetaKit · 01/19/2023 06:00 EDT

Toronto-based supply chain software startup Notch has survived COVID-19 upending the restaurant industry and come out of the pandemic with a focus on FinTech and helping restaurants and food distributors simplify the B2B ordering, invoicing, and payment process. Founded in 2015 as a marketplace between restaurants and wholesale distributors called ChefHero, Notch has had an eventful past few years. Much like other food tech companies and the industry it caters... Read more ›

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