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Welcome to the BetaKit Startup Stories of the Week! Here you’ll find the week’s top news, features and editorials published on BetaKit. If you’d rather have this update delivered to your inbox every week, be sure to subscribe to the BetaKit newsletter using the form at the bottom of this page.
Top stories of the week
Coinberry Second Crypto Asset Dealer to Receive OSC Regulatory Approval (BETAKIT)
The decision comes almost a year after Canadian fintech leader Wealthsimple received the first such order.
Aux Caves FinTech Latest Target As Canadian Securities Commissions Continue To Crack Down On Crypto Asset Firms (BETAKIT)
The OSC previously issued a warning to crypto asset trading platforms that they should contact OSC staff or face potential regulatory action.
Neo Financial Prepares to Open Innovation Center in Winnipeg (BETAKIT)
Dayna Spiring, president and CEO of Economic Development Winnipeg, told BetaKit, “It’s a great day,” adding that Neo’s choice to hire in the city continues to build Winnipeg’s tech sector.
Hopper Secures $175M Series G Funding (BETAKIT)
The round comes nearly five months after Hopper secured $170 million in Series F funding.
theScore bets big on new office space in downtown Toronto (BETAKIT)
Despite the impending acquisition by Penn National Gaming for approximately $2 billion USD in a cash and stock deal, theScore will operate as a standalone business.
Canada Drives Secures $100M CAD Series B, Plans Alberta Expansion (BETAKIT)
Even as it expands, Canada Drives faces competition across Canada, including from Toronto-based Clutch.
Ontario, Michigan Collaborate on Advanced Automotive and Mobile Technologies (BETAKIT)
Combined, Ontario and Michigan are responsible for about 22 percent of North American auto production.
Recent funding, acquisitions and layoffs
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VAN – iQmetrix acquires Shiftlab (read more)
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BUR – Nanotech Security to be acquired by Meta Materials (read more)
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CAL – ICwhatUC – $1.3 million (read more)
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SUD – Symboticware – $2.8 million (read more)
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ON – NGen invests in $4.2 million CAD project led by Mycionics (read more)
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TOR – Kira Systems to be acquired by Litera (read more)
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TOR – Aviron – $4.5 million (read more)
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TOR – Buildable – $3.76 million (read more)
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TOR – Shopistry – $2 million (read more
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TOR – Softdrive – $1 million (read more)
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NL – Ocean Supercluster invests in $3.4 million PanGeo Subsea-led project (read more)
RECOMMENDED BY BETAKIT
HOW YOUR DOG CAN STOP CLIMATE CHANGE (BETAKIT)
Breaking news: we are in the middle of a climate crisis. And to get out of it, we will have to drastically reduce our impact on the environment.
FREE BOSWELL: CANADA’S ANTI-COMPETITIVE POLICY (BETAKIT)
“Canada is three telcos in one coat.” Plus, there’s an election in Canada coming up that throws all policy decisions and progress up in the air.
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