News from BetaKit

Y Combinator website no longer lists Canada as a country it invests in

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Alex Riehl @ BetaKit 1 place · 01/26/2026 17:01 EDT

Change implies Canadian startups have to incorporate in the US, Cayman Islands, or Singapore to join accelerator. Read more ›

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Summer hiring alert: Here are three organizations seeking tech workers in Canada

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Isabelle Kirkwood @ BetaKit 1 place · 08/16/2024 17:10 EDT

What do a construction software firm, telecom giant, and university have in common? They’re hiring Canadians. Read more ›

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InsurTech platform QuickFacts secures $2 million to continue North American expansion efforts

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Alex Riehl @ BetaKit 2 place · 08/16/2024 16:00 EDT

QuickFacts claimed it has experienced a period of rapid growth in the past year, tripling its number of active users. Read more ›

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Svante gets $137-million CAD commitment from Canada Growth Fund

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Isabelle Kirkwood @ BetaKit 3 place · 08/16/2024 14:51 EDT

The funding will be used to support the development of Svante’s carbon capture and removal projects. Read more ›

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Phil Cutler removed as Paper CEO, startup reportedly cuts staff by 45 percent

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Alex Riehl @ BetaKit · 08/16/2024 14:02 EDT

Startup sees third round of layoffs within a year as EdTech veteran Rich Yang becomes interim CEO. Read more ›

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Sampler files for bankruptcy with $13 million in liabilities

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Bianca Bharti @ BetaKit · 08/15/2024 16:14 EDT

Users claim to have had issues with the website and deliveries for months. Read more ›

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Sampler files for bankruptcy

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Bianca Bharti @ BetaKit · 08/15/2024 16:14 EDT

Documents show digital product sampling startup has nearly $13 million in liabilities. Read more ›

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Well Health plans to spin out, publicly list SaaS and services business in 2025

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Alex Riehl @ BetaKit · 08/15/2024 15:55 EDT

Founder and CEO Hamed Shahbazi said spin out will unlock “significant shareholder value.” Read more ›

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Radical Ventures launches $800-million USD AI growth fund

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Josh Scott @ BetaKit 1 place · 08/15/2024 15:11 EDT

New fund marks Toronto-based Radical’s first that focuses on later-stage AI companies. Read more ›

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Canadian VC investment grows in Q2 but seed funding a cause for concern

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Josh Scott @ BetaKit · 08/15/2024 06:00 EDT

CVCA report says PE stays hot as public Canadian tech firms keep going private. Read more ›

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Feds inject $32.9 million into digital literacy program CanCode with renewed focus on AI

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Alex Riehl @ BetaKit · 08/14/2024 16:57 EDT

CanCode phase four aims to teach digital and AI skills to 1.5 million students and 100,000 teachers. Read more ›

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IRCC takes over sole administration of Start-up Visa Program from NACO, CVCA

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Isabelle Kirkwood @ BetaKit 3 place · 08/14/2024 14:28 EDT

IRCC chooses not to renew contracts with industry associations responsible for vetting SUV delivery organizations. Read more ›

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CruxOCM closes $23.3-million CAD Series A led by Microsoft’s venture fund

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Alex Riehl @ BetaKit · 08/14/2024 13:45 EDT

Investment empowers CruxOCM to bring co-pilot to more energy sector control rooms. Read more ›

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Kraken appoints Alex Mehrdad as new leader of crypto exchange’s Canadian operations

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Josh Scott @ BetaKit · 08/14/2024 08:30 EDT

Mehrdad succeeds Mark Greenberg, who was recently promoted to a new global role. Read more ›

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Targeted by activist investor, Bitfarms chairman and co-founder Nicolas Bonta steps down

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Alex Riehl @ BetaKit · 08/14/2024 05:37 EDT

The board shakeup follows Bitfarms adopting a second ‘poison pill’ after its first was struck down. Read more ›

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BC Securities Commission panel finds crypto platform ezBtc diverted one-third of customer funds to gambling, personal accounts

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Alex Riehl @ BetaKit · 08/13/2024 14:30 EDT

In one case, BCSC found that a customer’s bitcoin deposit was transferred to a gambling website within 14 minutes. Read more ›

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NGen invests $21.4 million across quantum, space, and EV manufacturing projects

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Alex Riehl @ BetaKit · 08/13/2024 12:00 EDT

Nord Quantique, Mission Control, among project partners supported by the federally backed innovation cluster. Read more ›

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Marketing platform MaxBounty acquired by German ad firm Mrge

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Alex Riehl @ BetaKit 3 place · 08/13/2024 00:01 EDT

MaxBounty is the second Canadian company acquired by a Mrge in just over a year. Read more ›

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Feds reveal new changes to Canadian Entrepreneurs’ Incentive as part of capital gains tax overhaul

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Isabelle Kirkwood @ BetaKit · 08/12/2024 17:02 EDT

Government proposes to cut the incentive’s rollout period in half. Read more ›

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Merchant-focused FinTech startup Sona acquired by Celero Commerce

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Isabelle Kirkwood @ BetaKit · 08/12/2024 13:47 EDT

Bootstrapped Nova Scotia startup to boost Celero's annual card volume to $26 billion across North America. Read more ›

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Is Canadian FinTech making a comeback?

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Bianca Bharti @ BetaKit · 08/12/2024 05:15 EDT

Plus: Vancouver says goodbye to INNOVATEwest after welcoming Web Summit. Read more ›

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