News from BetaKit

Shopify bolsters product design team with acquisition of Molly Studio

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Madison McLauchlan @ BetaKit 1 place · 08/27/2025 16:54 EDT

E-commerce giant’s new Product Design Studio to operate like an “internal agency.” Read more ›

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Why Canada now cares about quantum tech with Xanadu’s Christian Weedbrook

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Douglas Soltys @ BetaKit · 07/18/2025 07:10 EDT

A federal push for quantum sovereignty comes at the right time for Xanadu. Read more ›

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Canadian co-founded Substack raises $100-million USD Series C to grow tools for independent creators

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Madison McLauchlan @ BetaKit 2 place · 07/17/2025 14:57 EDT

Two out of three Substack co-founders are University of Waterloo alums. Read more ›

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GeologicAI cashes in on data centre boom with $60.5-million CAD Series B

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Alex Riehl @ BetaKit 3 place · 07/17/2025 14:06 EDT

Mining tech startup will use funding to scale globally as demand for critical minerals intensifies. Read more ›

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Longtime 1Password CEO Jeff Shiner moves to executive chair, cedes reins to David Faugno

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Josh Scott @ BetaKit · 07/17/2025 11:44 EDT

Shiner calls Faugno “the right leader for where we’re going next.” Read more ›

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TD is assembling a roster of top technical talent

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Isabelle Kirkwood @ BetaKit · 07/17/2025 07:00 EDT

From mainframes to modern tooling, TD engineers are set up to grow, build faster, and deliver at scale. Read more ›

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BDC adds RBC as lending partner as it plans to guarantee $800 million in loans to entrepreneurs

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Madison McLauchlan @ BetaKit · 07/17/2025 06:00 EDT

Business Loan Accelerator Program aims to expand BDC’s reach to more underserved founders in Canada. Read more ›

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Define Capital fuels up for more niche software acquisitions with $28-million debt facility from Scotiabank

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Josh Scott @ BetaKit · 07/17/2025 06:00 EDT

Toronto private equity fund warms up to the idea of buying corporate spinoffs and venture-backed startups. Read more ›

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Canadian drone maker ZenaTech expands US presence “earlier than expected” in response to Trump policies

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Alex Riehl @ BetaKit · 07/16/2025 16:26 EDT

Toronto-based company says it is now “dramatically easier and faster” for American drone companies to sell directly to the military. Read more ›

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SRTX and Oomira’s Katherine Homuth is making the case for a “founder constitution.” Here’s what that might look like

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Madison McLauchlan @ BetaKit 3 place · 07/16/2025 06:00 EDT

Canadian VCs agree there’s an education gap for founders negotiating term sheets for the first time. Read more ›

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Quandri secures $16.5 million CAD to help North American insurance firms automate renewals with AI

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Josh Scott @ BetaKit 2 place · 07/16/2025 06:00 EDT

BC sibling-founders gear up to hire 40 employees and open a Boston office. Read more ›

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Flo shutters Shawinigan EV charger plant, lays off 80 employees citing trade tensions and shifting political dynamics

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Alex Riehl @ BetaKit 3 place · 07/15/2025 16:20 EDT

CEO believes the move is “a responsible step” toward profitability. Read more ›

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Canada’s former open banking lead joins FinTech startup Brim Financial

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Madison McLauchlan @ BetaKit · 07/15/2025 13:54 EDT

Abraham Tachjian to serve as Brim’s chief regulatory affairs officer as federal open banking framework remains in progress. Read more ›

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Uberflip co-founder secures $1 million to help families pass down valuables with Trusty

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Josh Scott @ BetaKit 1 place · 07/15/2025 11:47 EDT

Repeat tech entrepreneur Randy Frisch sees potential to build a “modern letter of wishes.” Read more ›

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Helping service animals catch a ride

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Isabelle Kirkwood @ BetaKit · 07/15/2025 07:00 EDT

With input from service animal owners, Uber is tackling trip refusals through policy, information, and inclusive product design. Read more ›

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GreenSky closes $23.5-million sixth fund with help from new managing partner Jeff Brunet

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Josh Scott @ BetaKit · 07/15/2025 06:00 EDT

NBIF becomes LP as Toronto firm dips its toes into institutional investor pool. Read more ›

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Cohere to open South Korean office, expand AI offerings in Asia Pacific

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Madison McLauchlan @ BetaKit · 07/14/2025 20:00 EDT

Enterprise AI developer partnered with tech giant LG and South Korean government for AI diplomacy program. Read more ›

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Moonvalley raises additional $84 million to meet demand for its Hollywood-friendly AI video generator

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Alex Riehl @ BetaKit · 07/14/2025 17:09 EDT

Toronto-based company has raised $154 million since founding in 2023. Read more ›

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Pharmacy AI agent Asepha raises $4-million USD to double staff and open New York office

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Alex Riehl @ BetaKit · 07/14/2025 09:00 EDT

Asepha answers the phone and files prescriptions so your pharmacist doesn’t have to, and even reads doctors' handwriting. Read more ›

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Tailscale CEO Avery Pennarun says pressure to adopt AI has created a “Wild West” for corporate cybersecurity

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Josh Scott @ BetaKit · 07/14/2025 06:00 EDT

Pennarun wants companies to stop putting their private API servers on the public internet. Read more ›

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An AI strategy is no longer optional for Canadian startups

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Douglas Soltys @ BetaKit · 07/14/2025 05:00 EDT

Plus: Hanna Zaidi joins BetaKit’s board of directors. Read more ›

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