News from BetaKit

Ubisoft closes Winnipeg office, laying off another 65 staff

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Alex Riehl @ BetaKit 1 place · 06/12/2026 17:48 EDT

French game developer continues cost-cutting measures just months after closing Halifax office. Read more ›

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Cubbi secures $1.35 million CAD to expand its food delivery and storage platform

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Charles Mandel @ BetaKit 1 place · 02/10/2022 05:59 EDT

The food delivery startup comes from same city as SkipTheDishes. Read more ›

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R|T: The Retail Times – Lightspeed’s Age of Dax is over

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Josh Scott @ BetaKit · 02/10/2022 05:30 EDT

Plus: Amazon confronts pandemic costs and raises the price of Prime. Read more ›

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Axya raises $3.9 million in seed extension to scale deployment of supply chain software

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Charlize Alcaraz @ BetaKit · 02/09/2022 14:20 EDT

The initial round closed in March and raised $1.5 million. Read more ›

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SVB reports Canadian tech startups drew record $16 billion in investment in 2021

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Josh Scott @ BetaKit · 02/09/2022 12:44 EDT

Canadian tech almost tripled 2020’s funding numbers. Read more ›

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Newton Crypto now valued at $253 million following $25 million CAD Series B round

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Charlize Alcaraz @ BetaKit · 02/09/2022 12:32 EDT

Tiny Capital, Shopify co-founder Tobias Lütke’s Snowdevil Capital helped fuel the financing. Read more ›

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Raquel Urtasun’s Waabi unveils “revolutionary” autonomous vehicle testing simulator

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Meagan Simpson @ BetaKit · 02/09/2022 05:59 EDT

Waabi claims it’s the “ultimate school for self-driving vehicles.” Read more ›

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A|I: The AI Times – Cruise cruises to deployment

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Josh Scott @ BetaKit · 02/09/2022 05:30 EDT

Plus: DeepMind’s AlphaCode AI writes code at a competitive level Read more ›

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Coveo sees 39 percent year-over-year revenue growth in “record” Q3

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Josh Scott @ BetaKit · 02/08/2022 16:57 EDT

This is the first earnings report since Coveo went public on the TSX. Read more ›

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Nord Quantique closes $9.5 million seed round co-led by BDC Capital’s Deep Tech fund

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Charlize Alcaraz @ BetaKit · 02/08/2022 16:42 EDT

Nord develops hardware for fault-tolerant quantum computing. Read more ›

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Elastic Path secures $60 million to scale “composable commerce movement”

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Charlize Alcaraz @ BetaKit · 02/08/2022 13:58 EDT

The round brings Elastic Path’s total funding to $120 million. Read more ›

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EDC makes COVID-19 investment matching program permanent, expands eligibility

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Josh Scott @ BetaKit 2 place · 02/08/2022 11:37 EDT

Since 2020, the program has invested a total of $223 million in 84 Canadian companies. Read more ›

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Canadian biotech leader Clarissa Desjardins secures $63 million CAD for Congruence Therapeutics

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Meagan Simpson @ BetaKit 2 place · 02/08/2022 07:59 EDT

PerkinElmer and Ipsen purchased two of Desjardins' previous companies. Read more ›

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D-Wave hopes to raise $431 million CAD as it prepares to go public via SPAC

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Charles Mandel @ BetaKit · 02/08/2022 07:30 EDT

Quantum computing startup aiming for a $1.5 billion valuation. Read more ›

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With Portage backing, New York-based LoanStreet eyes Canadian market

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Douglas Soltys @ BetaKit · 02/08/2022 06:00 EDT

Portage Ventures' Adam Felesky believes "Canada could be an interesting market for LoanStreet." Read more ›

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S|W: The SaaS Weekly – Does Citrix + Tibco = SaaS powerhouse?

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Josh Scott @ BetaKit · 02/08/2022 05:30 EDT

Plus: 6 reasons Meta is in trouble Read more ›

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Dozr raises $27.5 million in Series B funding to support US expansion plans

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Josh Scott @ BetaKit · 02/08/2022 04:00 EDT

The heavy equipment rental startup aims to replicate its Florida playbook in other markets. Read more ›

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Trulioo acquires HelloFlow, adding customer onboarding to platform

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Charles Mandel @ BetaKit · 02/08/2022 03:00 EDT

Acquisition gives Trulioo offices in Denmark and Romania. Read more ›

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iGan Partners, Faisal Belhoul launch Arabia medtech fund with $250 million USD target

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Josh Scott @ BetaKit · 02/07/2022 12:36 EDT

The fund has invested in Okadoc, Exact Imaging, eSight, and MolecuLight. Read more ›

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Forma.ai quadruples annual revenue, sets out to disrupt sales compensation

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Isabelle Kirkwood @ BetaKit 2 place · 02/07/2022 06:01 EDT

“Sales compensation is due for a change,” says CEO. Read more ›

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Canadian startup news of the week (2/06/22)

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Josh Scott @ BetaKit 3 place · 02/07/2022 05:30 EDT

Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features, and editorials published on BetaKit. If you prefer this update hit your inbox every week, make sure to subscribe to the BetaKit Newsletter using the form at the bottom of this page. Top Stories of the Week Koho secures $210 million to give more Canadians access to wealth creation The question has... Read more ›

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