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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Verv closes $3.8 million seed round to develop at-home blood testing kit

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Charlize Alcaraz @ BetaKit · 07/25/2022 16:28 EDT

Could the Theranos that was promised come from Sudbury? Read more ›

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Backed by Yoshua Bengio, Ubenwa is using AI to diagnose neurological issues through baby cries

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Meagan Simpson @ BetaKit 2 place · 07/25/2022 13:29 EDT

The Mila spinout has raised $3.24 million CAD to launch app for parents. Read more ›

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GreenCentre Canada secures over $2.5 million from FedDev Ontario to launch cleantech accelerator program

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Charlize Alcaraz @ BetaKit · 07/25/2022 12:59 EDT

Waterloo-based ALT TEX, Material Futures among startups selected to join the program. Read more ›

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Ex-Tungle, Foko employees pivot new startup, Nook, to take on Evernote

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Meagan Simpson @ BetaKit 2 place · 07/25/2022 06:01 EDT

With exits to BlackBerry and Workforce, Nook team wants to tackle notetaking. Read more ›

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Crypto custodian Balance completes SOC 2 audit to increase customer confidence

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Josh Scott @ BetaKit · 07/25/2022 06:00 EDT

Balance joins growing list of crypto firms becoming SOC compliant. Read more ›

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F|T: The FinTech Times – The bottom fell out of Canadian FinTech

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Michael Edgar @ BetaKit · 07/25/2022 05:30 EDT

Plus: Former Coinbase manager arrested for insider trading. Read more ›

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Canadian startup news of the week (7/24/22)

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Michael Edgar @ BetaKit 2 place · 07/25/2022 05:00 EDT

Plus: Shopify presses play on YouTube, Lightspeed pairs well with OpenTable. Read more ›

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Mark McQueen thinks it’s a great time to have a chequebook

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Douglas Soltys @ BetaKit · 07/24/2022 18:28 EDT

The President of CIBC Innovation Banking is not concerned. Read more ›

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Tech-enabled fulfillment company Darwynn closes $20 million pre-seed round

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Charlize Alcaraz @ BetaKit 1 place · 07/22/2022 17:17 EDT

Darwynn says its facilities take up less space and costs less to operate. Read more ›

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Introhive cuts 16 percent of workforce citing market conditions

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Meagan Simpson @ BetaKit 2 place · 07/22/2022 15:58 EDT

CEO said the current environment makes it challenging to fund Introhive’s high-growth strategy. Read more ›

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Blume secures $2 million CAD to scale latte replacement product

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Charlize Alcaraz @ BetaKit 2 place · 07/22/2022 14:26 EDT

Frank and Oak, Nude Beverages execs buy into Blume's first institutional round. Read more ›

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Why now is the time for Canadian startups to hire internationally

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Stefan Palios @ BetaKit 1 place · 07/22/2022 09:46 EDT

“The more tech talent we can attract, the better it will be for the country.” Read more ›

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Following a record-setting first quarter, Québec venture funding eased up in Q2 2022

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Isabelle Kirkwood @ BetaKit · 07/22/2022 06:02 EDT

VCs are treading water as market tides change. Read more ›

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H|T: The Healthtech Times – PointClickCare valuation tops US$5-billion

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Michael Edgar @ BetaKit · 07/22/2022 05:00 EDT

Plus: Peloton competitor Tonal cuts 35% of workforce. Read more ›

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TransPod unveils “ultra-high-speed” FluxJet vehicle as it begins construction on proposed Alberta track

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Josh Scott @ BetaKit 2 place · 07/22/2022 01:59 EDT

TransPod aims to offer transportation between Edmonton and Alberta that’s “faster than a jet and three times as fast as a high-speed train.” Read more ›

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The bottom fell out of Canadian FinTech funding in Q2 2022

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Charlize Alcaraz @ BetaKit · 07/21/2022 17:41 EDT

Q2 2022 saw a dramatic 70 percent drop in FinTech funding YoY. Read more ›

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Real estate auction platform Unreserved files $25 million lawsuit against real estate associations

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Meagan Simpson @ BetaKit · 07/21/2022 15:46 EDT

Startup claims defamation and interference in Unreserved's economic interests. Read more ›

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Federal, BC governments invest in new agtech innovation centre at Simon Fraser University

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Charlize Alcaraz @ BetaKit · 07/21/2022 13:00 EDT

The centre is expected to create 200 jobs and train over 700 workers. Read more ›

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Oncoustics secures $5.5 million CAD to help spot liver disease using AI

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Josh Scott @ BetaKit 3 place · 07/21/2022 06:59 EDT

Startup aims to “decrease or eliminate” need for high-end imaging, painful biopsies. Read more ›

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As Canadian venture funding lost steam in Q2 2022, Alberta tech continued to shine

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Isabelle Kirkwood @ BetaKit · 07/21/2022 06:02 EDT

For most Canadian tech ecosystems, the second quarter of 2022 saw venture funding slow from the breakneck pace of 2021. This was not the case for Alberta, which managed to set a new record for venture funding in the second quarter, according to briefed.in’s latest report on the province. Alberta’s tech companies raised $268.6 million through 12 deals in Q2 2022. The province saw a 31 percent increase in total... Read more ›

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