News from BetaKit

Tax Court disqualifies government loan spending from SR&ED, with potentially devastating implications for Canadian tech

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Jared Lindzon @ BetaKit 2 place · 11/10/2023 06:11 EDT

Recent ruling means startups can no longer “double dip” in government assistance. Read more ›

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VentureLab’s latest HardTech Summit explores barriers, opportunities facing Canadian deep tech startups

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Josh Scott @ BetaKit 2 place · 11/10/2023 06:00 EDT

Event panels survey state of play in Canada for hardware companies in medtech, AI, and other sectors. Read more ›

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H|T: The Healthtech Times – Former unicorn Olive AI winds down operations

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Alex Riehl @ BetaKit · 11/10/2023 05:00 EDT

Plus: Nova Scotia taps Maple for province-wide virtual care. Read more ›

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Acuva, Brickeye, Intelligent City feature in Foresight’s top 50 cleantech ventures list

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Isabelle Kirkwood @ BetaKit · 11/09/2023 14:39 EDT

Ventures on the accelerator’s 2021, 2022 lists have collectively raised over $1.67 billion. Read more ›

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Recharge Véhicule Électrique raises over $7 million to expand at-home EV charging

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Alex Riehl @ BetaKit · 11/09/2023 14:35 EDT

RVE’s president says the funding will help free up 4,000 megawatts of power from the grid. Read more ›

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Report: Diversity gap persists in senior ranks of Canadian VC firms

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Isabelle Kirkwood @ BetaKit 2 place · 11/09/2023 06:02 EDT

BDC Capital data shows almost half of venture firms are entirely male owned. Read more ›

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R|T: The Retail Times – Shopify and Lightspeed shares surge after beating forecasts

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Alex Riehl @ BetaKit · 11/09/2023 05:00 EDT

Plus: Amazon unveils first BNPL option for SMBs through Affirm. Read more ›

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Acton Capital closes $240-million USD Fund VI to invest in tech startups across Canada and Europe

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Josh Scott @ BetaKit · 11/08/2023 17:22 EDT

Acton’s Canadian portfolio has included Chef’s Plate, Clio, Knix Wear, Maple, and Mobify. Read more ›

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Dapper Labs, Nesto, Certn, top Deloitte’s 2023 Technology Fast 50 list

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Alex Riehl @ BetaKit · 11/08/2023 16:48 EDT

FinTech startups made a mark on the list of Canada’s leading technology companies. Read more ›

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Quantum startup Photonic raises $137 million CAD, strikes strategic partnership with Microsoft

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Alex Riehl @ BetaKit · 11/08/2023 13:56 EDT

Photonic has an “audacious” five-year plan to build a fault-tolerant quantum computing platform. Read more ›

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Cavelo secures $5-million Inovia-led seed round to help financial services firms protect their data

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Josh Scott @ BetaKit 1 place · 11/08/2023 09:00 EDT

With cybersecurity no longer just “a big company problem,” Cavelo eyes US expansion. Read more ›

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ChargeLab taps Newlab, Flipp alums Shaun Stewart and Patrick Smith to leadership team

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Isabelle Kirkwood @ BetaKit 2 place · 11/08/2023 06:02 EDT

Stewart will serve as ChargeLab’s new president, while Smith has joined as VP engineering. Read more ›

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A|I: The AI Times – Jim Balsillie says “AIDA needs to be scrapped completely” as Biden lays out new executive order

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Alex Riehl @ BetaKit · 11/08/2023 05:00 EDT

Plus: Thomson Reuters commits $100M a year to GenAI, Google $2B to Anthropic. Read more ›

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NGen commits $19 million to 12 new AI manufacturing projects

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Alex Riehl @ BetaKit 3 place · 11/07/2023 17:02 EDT

Industry contributions bring the total value of the projects to $55 million. Read more ›

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Certn acquires European ID verification company Trustmatic

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Charles Mandel @ BetaKit 3 place · 11/07/2023 16:04 EDT

Trustmatic marks Certn’s third international acquisition in the last two years. Read more ›

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Private equity firm Vertu Capital acquires developer platform ActiveState

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Alex Riehl @ BetaKit · 11/07/2023 15:02 EDT

Vertu closed $300 million CAD for its first private equity fund in March. Read more ›

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Virtual care platform Mednow announces restructuring, looks for buyer

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Alex Riehl @ BetaKit 3 place · 11/07/2023 06:00 EDT

Receivership occurs just over two years after listing on the TSX Venture Exchange. Read more ›

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S|W: The SaaS Weekly – John Chen retires, Hyatt brothers return with DataStealth

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Alex Riehl @ BetaKit · 11/07/2023 05:00 EDT

Plus: Uber, Lyft to pay $328 million to settle wage-theft allegations. Read more ›

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Government of Alberta proposes changes to clear path for tech firms to use ‘software engineer’ title

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Isabelle Kirkwood @ BetaKit · 11/06/2023 18:14 EDT

The province’s new bill follows tech sector clash with engineering regulator. Read more ›

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Universities of Regina, British Columbia among 19 recipients of CRIN’s $16.1 million CAD commitment to clean up Canada’s oil and gas industry

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Alex Riehl @ BetaKit 1 place · 11/06/2023 16:20 EDT

CRIN received $100 million from the SIF in 2020 to lower the environment impacts of fossil fuels. Read more ›

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