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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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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A|I: The AI Times – Radical strategies for AI & quantum in Canada

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Michael Edgar @ BetaKit · 01/19/2023 05:00 EDT

Plus: Scale AI cuts 20% of its workforce. Read more ›

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Volvo backs Waabi to accelerate driverless trucks commercialization

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Charlize Alcaraz @ BetaKit · 01/18/2023 17:58 EDT

Waabi unveiled its self-driving product in November to gear up for road tests. Read more ›

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Hootsuite CEO Tom Keiser replaced amid third round of layoffs

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Meagan Simpson @ BetaKit · 01/18/2023 15:17 EDT

The cuts mark Hootsuite’s third round of layoffs in the last six months. Read more ›

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Market intelligence startup Klue moves closer to all-in-one platform vision with DoubleCheck Research acquisition

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Charles Mandel @ BetaKit 3 place · 01/18/2023 09:00 EDT

DoubleCheck brings research insights into how companies win and lose deals. Read more ›

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What Xero learned after 15 years of building software for SMBs

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Stefan Palios @ BetaKit 2 place · 01/18/2023 07:00 EDT

Building for SMBs requires embracing “coopetition.” Read more ›

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R|T: The Retail Times – Shop Pay vs. ‘Buy with Prime’ begins

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Michael Edgar @ BetaKit · 01/18/2023 05:00 EDT

Plus: TikTok Parent ByteDance’s E-Commerce Volume Surged in 2022. Read more ›

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CoinSmart rejects Coinsquare’s notice to terminate acquisition deal

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Meagan Simpson @ BetaKit · 01/17/2023 15:29 EDT

CoinSmart claims Coinsquare’s acquisition about-face is “invalid and without merit.” Read more ›

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Vidyard sets sights on $1 billion in revenue as it bolsters go-to-market efforts

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Josh Scott @ BetaKit 3 place · 01/17/2023 14:34 EDT

CEO says Vidyard considering M&A opportunities amid tech downturn. Read more ›

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Smart horticultural lighting provider Sollum closes $30 million CAD to expand library of ‘light recipes’

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Charlize Alcaraz @ BetaKit · 01/17/2023 14:09 EDT

Sollum previously received federal, provincial grants to support the production of greenhouse tomatoes, strawberries. Read more ›

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Vancouver PR firm Switchboard gets national support following Earnscliffe acquisition

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Charles Mandel @ BetaKit · 01/17/2023 10:59 EDT

Switchboard calls itself Western Canada’s first tech-focused PR firm. Read more ›

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Lightspeed to lay off 300 employees as it targets “profitable growth”

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Josh Scott @ BetaKit · 01/17/2023 09:45 EDT

Lightspeed says layoffs aim to streamline operations, “unify” acquisitions. Read more ›

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F|T: The FinTech Times – Coinsquare breaks up with CoinSmart, courts WonderFi?

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Michael Edgar @ BetaKit · 01/17/2023 05:00 EDT

Plus: Nuvei enters $1.7 billion CAD deal to acquire Paya. Read more ›

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NowVertical secures $7 million CAD credit facility, completes Acrotrend, Smartlytics acquisitions

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Charlize Alcaraz @ BetaKit 3 place · 01/16/2023 10:48 EDT

NowVertical acquires more capital to fuel acquisition strategy. Read more ›

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