Canadian Startup News of the Week (7/17/22)

by admin
Canadian Startup News of the Week (7/17/22)


Plus: Meet Startup Atlantic.

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

Shopify completes acquisition of Deliverr, plans to launch two-day and next-day delivery service

As the two consolidate, Shopify and Deliverr will work together to launch Shop Promise, a new service that will offer consumers two-day and next-day delivery options.

Atlantic’s Canadian innovators are launching a new Startup Atlantic brand at Startupfest

Startup Atlantic is a new initiative funded by the Atlantic Canada Opportunities Agency (ACOA). The brand unites the four Atlantic Canadian provinces – Newfoundland and Labrador, New Brunswick, Prince Edward Island and Nova Scotia – under one roof.

Permalution, Magnestar, Oooh! Food among the winners of Startupfest 2022 pitch competitions

All three of the $100,000 investment awards – Best of the Festival, Women in Tech and the Black Entrepreneur Award – were won by female founders. The Business Development Bank of Canada (BDC) announced at the event that it is matching each of the awards to all respective winners.

Toronto, Vancouver tech talent pools saw the biggest growth in CBRE’s latest report

Toronto and Waterloo Region, along with Seattle, were among the top five most concentrated tech markets, ranging from 9.6% to 10.3% of their total employment.

Hackers are smart but lazy. Here’s how startups can benefit

When multi-factor authentication became widely available, many believed it was enough to stop all hacker attacks. Now, even multi-factor authentication is a target for hackers.

Recent funding, acquisitions and layoffs

  • EDM – Truffle – $2.3 million (read more)

  • EDM – Startup TNT participants secure a collective $1M (read more)

  • WAT – Proto – $5.6 million (read more)

  • TOR – Ratehub Sells Majority Stake to Novacap (read more)

  • COB – Northumberland CFDC secures $7.7 million from federal (read more)

  • OTT – Spiderwort – $17.1M (read more)

  • OTT – Welbi – $3 million (read more)

  • MTL – Bravo Ready – $3.9 million (read more)

  • HAL – Milk Movement – ​​$26 million (read more)


“Confidence and measuring the impact of local populations and the well-being of local families go hand in hand with risk and return.”

Raven Capital Managing Partner Paul Lacert explains how the firm invests in local entrepreneurs in a culturally safe way.


“The worst outcome for Rodgers is a real genuine competitor like us. They know we’re going to drop prices and they don’t want prices to drop.”

Globalive co-founder and chairman Anthony Lacavera shares why he was forced to sell Wind Mobile and why it’s so difficult to buy it back as Freedom Mobile as part of the (contested) Rogers/Shaw merger. Welcome to Competitiontown.

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