News from BetaKit

Federal government-backed Indigenous Growth Fund secures $3 million from Jack Dorsey’s Block Inc

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Charlize Alcaraz @ BetaKit · 06/16/2022 16:06 EDT

“We know this investment will spark and inspire other companies to also contribute to economic reconciliation.” Read more ›

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Federal government introduces new legislation aimed at governing privacy, AI

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Charles Mandel @ BetaKit · 06/16/2022 15:34 EDT

Proposed Bill C-27 carries fines of up to $25 million for serious offences contravening the act. Read more ›

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Plobal Apps raises $8.5 million in Bessemer-led round to scale mobile e-commerce app for Shopify merchants

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Charlize Alcaraz @ BetaKit · 06/16/2022 12:22 EDT

With $14 million in total funding, Plobal wants to go global. Read more ›

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M&A likely to be a significant driver of value for Canadian tech firms in 2022

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Isabelle Kirkwood @ BetaKit 3 place · 06/16/2022 06:00 EDT

PwC data finds Canada’s growth in M&A last year was in step with a global surge. Read more ›

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R|T: The Retail Times – The results are in for Tobi Lütke at Shopify

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Michael Edgar @ BetaKit · 06/16/2022 05:00 EDT

Plus: Amazon’s Consumer Chief Dave Clark joins supply chain startup Flexport as CEO. Read more ›

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New analysis identifies 35 Canadian tech companies on path to $1 billion in annual revenue

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Josh Scott @ BetaKit 3 place · 06/15/2022 16:30 EDT

List points to startups like ApplyBoard, Benevity, Clio, FreshBooks, RenoRun. Read more ›

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Altrio secures $8 million to double headcount, bolster real estate investment software

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Charlize Alcaraz @ BetaKit · 06/15/2022 16:26 EDT

Altrio claims its users include two of the world largest real estate investors. Read more ›

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WonderFi to become only Canadian-regulated crypto-trading platform listed on the TSX

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Charlize Alcaraz @ BetaKit 3 place · 06/15/2022 14:58 EDT

Listing comes after WonderFi reduced its staff by between 15 to 20 percent. Read more ›

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After hiring freeze, Wealthsimple makes staff cuts

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Meagan Simpson @ BetaKit · 06/15/2022 12:11 EDT

Approximately 13 percent of Wealthsimple staff are affected by the cuts. Read more ›

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Wave CEO Kirk Simpson to step down three years after acquisition by H&R Block

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Josh Scott @ BetaKit · 06/15/2022 09:48 EDT

Former Mastercard, Afterpay exec Zahir Khoja will replace Simpson. Read more ›

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Snowman gaming studio spinout Pok Pok closes $3.9 million CAD to help kids learn through play

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Josh Scott @ BetaKit · 06/15/2022 09:28 EDT

Apple Design Award-winning Pok Pok has secured backing from gaming VCs. Read more ›

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A|I: The AI Times – Meta shakes up AI unit

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Michael Edgar @ BetaKit · 06/15/2022 05:00 EDT

Plus: 'AI’ Shopping Startup Exaggerated Tech Capabilities to Potential Investors. Read more ›

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Inovia raises $420 million CAD for fifth early-stage venture fund

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Meagan Simpson @ BetaKit · 06/15/2022 03:00 EDT

Inovia’s Shawn Abbott says it's a great time to be a well-capitalized VC. Read more ›

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RBC pens private open banking partnerships with Plaid, Yodlee

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Charlize Alcaraz @ BetaKit 3 place · 06/14/2022 18:06 EDT

With open banking in development, why are Canada’s banks signing private agreements? Read more ›

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Amid crypto crash, WonderFi makes case for long-term survival

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Josh Scott @ BetaKit · 06/14/2022 16:40 EDT

Following Bitbuy acquisition, WonderFi has reduced staff by at least 15 to 20 percent. Read more ›

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Babbly secures $3.2 million CAD to scale speech development software for children

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Charlize Alcaraz @ BetaKit · 06/14/2022 12:20 EDT

The Toronto startup aims to decipher babies’ babbling. Read more ›

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FinTech Nuula launches app in Canada in partnership with Caary and OneVest

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Charles Mandel @ BetaKit · 06/14/2022 11:14 EDT

Nuula is building a partner ecosystem to serve local small businesses globally. Read more ›

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CapIntel closes $14.2 million CAD Series A to fuel US expansion of wealth management sales platform

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Josh Scott @ BetaKit 1 place · 06/14/2022 08:59 EDT

With help of US-based FinTech Collective, CapIntel aims to build on Canadian growth. Read more ›

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GoBolt buys same-day delivery startup BoxKnight to accelerate move into small parcel space

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Josh Scott @ BetaKit · 06/14/2022 06:00 EDT

Acquisition comes as GoBolt looks to win big in US fulfillment market. Read more ›

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Calgary only Canadian tech city not to drop in Startup Genome’s annual ecosystem report

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Charles Mandel @ BetaKit · 06/14/2022 06:00 EDT

Startup Blink report tells different story, with Canadian cities rising up through the ranks. Read more ›

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