News from BetaKit

FTX’s fall could have implications for more Canadian orgs than just Ontario Teachers’

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Meagan Simpson @ BetaKit 2 place · 11/11/2022 14:04 EDT

Crypto exchange FTX files for bankruptcy in US, CEO Sam Bankman-Fried steps down. Read more ›

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Waverly and the broken internet

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Douglas Soltys @ BetaKit 2 place · 11/11/2022 06:00 EDT

Building a better algorithm is not enough to fix the modern internet. Read more ›

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H|T: The Healthtech Times – OnCall & AeroDPC acquired, HealthJoy fundraises

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Michael Edgar @ BetaKit · 11/11/2022 05:35 EDT

Plus: Modernizing Medicine to pay $45M to resolve False Claims Act allegations. Read more ›

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R|T: The Retail Times – TouchBistro secures big funding amid looming recession

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Michael Edgar @ BetaKit 3 place · 11/11/2022 05:30 EDT

Plus: AirBnB records record revenue. Read more ›

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FinTech investor Holt Xchange launches fund at intersection of Web3, sports media, entertainment

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Josh Scott @ BetaKit · 11/10/2022 19:30 EDT

Advisory council includes DeMar DeRozan, Raine Maida, and Milos Raonic. Read more ›

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Xero appoints Canadian native Sukhinder Singh Cassidy as new CEO

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Charlize Alcaraz @ BetaKit 3 place · 11/10/2022 11:56 EDT

Xero’s newest leader had exec positions at Google, Stubhub, Polyvore. Read more ›

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With Passage acquisition 1Password prepares to battle tech giants for passwordless future

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Jared Lindzon @ BetaKit 2 place · 11/10/2022 06:00 EDT

Acquisitions, exec turnover, and new tech mark transition period for 1Password. Read more ›

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A|I: The AI Times – Inside Google’s commitment to Québec tech

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Michael Edgar @ BetaKit 3 place · 11/10/2022 05:30 EDT

Plus: TuSimple fires its CEO amid federal probes. Read more ›

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Customer experience platform Alida secures $60 million USD credit facility

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Charlize Alcaraz @ BetaKit · 11/09/2022 16:55 EDT

With a new Edmonton office, Alida sets sights on the rest of North America and beyond. Read more ›

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Xanadu closes $100 million USD Series C as quantum computing firm becomes Canada’s latest unicorn

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Charlize Alcaraz @ BetaKit 3 place · 11/09/2022 16:22 EDT

Xanadu wants to bring the first commercially available quantum computers to market. Read more ›

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Meta mass layoffs hit Canada less than a year after major expansion plans

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Charlize Alcaraz @ BetaKit · 11/09/2022 12:06 EDT

Canadian teams affected include client relations, human resources, among others. Read more ›

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As demand booms and recession looms, Busbud acquires fellow Canadian travel tech startup Betterez

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Josh Scott @ BetaKit 2 place · 11/09/2022 06:59 EDT

After partnering up for years, Busbud has brought Betterez’s back office platform for transit players in-house. Read more ›

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S|W: The SaaS Weekly – Elon had one hell of a first week at Twitter

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Michael Edgar @ BetaKit 3 place · 11/09/2022 05:00 EDT

Plus: 1Password acquires Texas-based Passage to fuel push into passkeys. Read more ›

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Ontario Teachers-backed FTX plans sale to competitor Binance following liquidity crunch

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Meagan Simpson @ BetaKit 2 place · 11/08/2022 14:48 EDT

Ontario Teachers most recently invested in FTX in January at a $32 billion valuation. Read more ›

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Wyvern raises $9.45 million CAD in seed-plus round

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Michael Edgar @ BetaKit · 11/08/2022 12:12 EDT

Satellite imaging startup begins countdown to inaugural launch. Read more ›

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F|T: The FinTech Times – Layoffs hit Stripe and Chime

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Michael Edgar @ BetaKit · 11/08/2022 08:48 EDT

Plus: Mogo might get delisted from the Nasdaq. Read more ›

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OSF Digital acquires UK-based Oegen in its drive to become “biggest Salesforce integrator”

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Charles Mandel @ BetaKit · 11/08/2022 04:00 EDT

The acquisition opens up UK financial services sector to OSF. Read more ›

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Federal government invests $2.4 million in P&P Optica to help meat processors automate food safety

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Charlize Alcaraz @ BetaKit 3 place · 11/07/2022 17:05 EDT

PPO’s systems can detect and remove objects like plastics, rubber from food. Read more ›

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Hopper closes $96 million USD from Capital One at more than $5 billion valuation

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Josh Scott @ BetaKit · 11/07/2022 16:19 EDT

Montréal-based Hopper has secured about $96 million USD ($130 million CAD) in equity funding from American financial giant Capital One to build out its business-to-business (B2B) functionality and support a push into social commerce. Capital One previously led Hopper’s $170 million USD March 2021 Series F round. Last year, Capital One also became the first and “keynote” client of Hopper’s B2B business, Hopper Cloud, as the two firms teamed up... Read more ›

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QueerTech launches hybrid conference for 2SLGBTQS+ tech

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Charlize Alcaraz @ BetaKit · 11/07/2022 14:38 EDT

Named QT Qonference, the event will take place from November 10 to 11. Read more ›

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