News from BetaKit

Why scaling requires more than speed

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Trevor Nichols @ BetaKit 1 place · 06/05/2026 16:27 EDT

IDEA Mississauga’s Step-Up Program helps founders build the strategy and systems for growth. Read more ›

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Bell to acquire Montréal cloud services provider FX Innovation

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Charlize Alcaraz @ BetaKit · 05/04/2023 12:45 EDT

Bell posted an 88 percent decline in free cash flow since the first quarter of 2022. Read more ›

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Shopify cuts 20 percent of staff, announces sale of logistics division

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Charles Mandel @ BetaKit 1 place · 05/04/2023 08:51 EDT

“There’s no way to make this good news,” Shopify CEO tells employees in company letter. Read more ›

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Diagram Ventures closes $100-million for latest fund as it continues to bet on FinTech

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Meagan Simpson @ BetaKit 3 place · 05/04/2023 06:00 EDT

For the first time, Diagram will also invest in companies it doesn’t have a hand in creating. Read more ›

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R|T: The Retail Times – Amazon begins more layoffs as Shopify employees brace for same

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Alex Riehl @ BetaKit 1 place · 05/04/2023 05:00 EDT

Plus: Walmart using AI to negotiate with vendors. Read more ›

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1Password CEO calls Google’s move to passkeys “tipping point” for eliminating passwords

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Charlize Alcaraz @ BetaKit · 05/03/2023 14:57 EDT

1Password is on a mission to lead the shift from traditional passwords to passkeys. Read more ›

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Startup Montréal awards $400,000 to startups as FounderFuel reveals first revamped accelerator cohort

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Charlize Alcaraz @ BetaKit 2 place · 05/03/2023 12:30 EDT

Both programs award seed funding and mentorship support to tech founders. Read more ›

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Brightspark seeks to recreate its “home run” exits of Think Dynamics, Radian6 as it launches $120-million fund

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Meagan Simpson @ BetaKit 2 place · 05/03/2023 06:00 EDT

Brightspark Ventures has made an initial close of $60 million towards its target. Read more ›

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S|W: The SaaS Weekly – Inside the Salesforce slowdown

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Alex Riehl @ BetaKit · 05/03/2023 05:00 EDT

Plus: After Canadian pilot, Google expands cloud accelerator to US startups. Read more ›

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Shopify backs Nigeria-based FinTech Nomba in $30 million round

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Charlize Alcaraz @ BetaKit · 05/02/2023 17:03 EDT

Nomba provides payments and banking tools for businesses. Read more ›

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The DMZ awards $35,000 to Black-led startups Blue Guardian, Gia Health, Scooli

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Charlize Alcaraz @ BetaKit 3 place · 05/02/2023 14:56 EDT

The DMZ downsized its prize money after handing out $50,000 last year. Read more ›

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BlackBerry considering breaking up its businesses to improve revenue, cash flow

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Charlize Alcaraz @ BetaKit · 05/02/2023 12:21 EDT

BlackBerry’s year-over-year revenue declined by 18 percent. Read more ›

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BrainBox AI acquires ABB technology in its mission to reduce greenhouse gas emissions in buildings

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Charles Mandel @ BetaKit · 05/02/2023 06:00 EDT

Québec government and ABB invest $27 million CAD to aid BrainBox AI help retailers use less energy. Read more ›

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F|T: The FinTech Times – Super and Neo evolve, Pillar and Billi shut down

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Alex Riehl @ BetaKit · 05/02/2023 05:00 EDT

Plus: Revolut’s valuation troubles signal a stormy horizon for less-profitable neobanks. Read more ›

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RenoRun shuts down operations as it pursues sale of assets

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Meagan Simpson @ BetaKit 3 place · 05/01/2023 16:41 EDT

RenoRun expects to close a purchase of its assets by no later than May 15. Read more ›

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“Godfather of deep learning” Geoffrey Hinton quits Google to warn against dangers of AI

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Charlize Alcaraz @ BetaKit 1 place · 05/01/2023 10:53 EDT

Hinton left his decade-long tenure at Google to speak openly about new AI fears. Read more ›

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Odaia closes $34 million CAD Series B to fix “bottleneck” in drug delivery process

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Josh Scott @ BetaKit 1 place · 05/01/2023 07:59 EDT

Roster of big pharma clients helped Odaia nab latest funding round. Read more ›

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Canadian startup news of the week (4/30/23)

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Alex Riehl @ BetaKit · 05/01/2023 05:00 EDT

Plus: OneEleven reborn, Neo Financial embedded, Pillar & Billi ended. Read more ›

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Three FinTechs hiring experienced software developers in Canada

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Alex Riehl @ BetaKit · 04/30/2023 15:51 EDT

Mid-level and management software development positions are open across Canada. Read more ›

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Revisiting BlackBerry’s extraordinary rise and spectacular fall

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Douglas Soltys @ BetaKit 1 place · 04/28/2023 18:46 EDT

Losing the Signal co-author Sean Silcoff and BlackBerry co-writer Matthew Miller step into the Wayback Machine. Read more ›

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Banking apps Pillar and Billi shut down as funding dries up for FinTech businesses

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Charlize Alcaraz @ BetaKit 2 place · 04/28/2023 15:48 EDT

Venture funding for FinTech startups in Canada plummeted by 70 percent in 2022. Read more ›

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