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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
Clio acquires Lawyaw in San Francisco as it ramps up its M&A efforts
The increase in M&A activity follows C$136 million in Series E capital raised earlier this year, which gave Clio a US$1.6 billion valuation.
The controversy with Facedrive is heating up after the company confirmed that it has filed a lawsuit against its co-founder
The embattled company’s statement came two days after Imran Khan, the co-founder and former president of Facedrive, said the company could face bankruptcy proceedings.
Canada’s tech leaders want more guidance from the government before they head back to the office
At a recent panel for BetaKit Patreon supporters, a trio of Canadian tech leaders said companies need more government leadership on how to navigate vaccination policies and workplace mandates.
Jeanne Lam has been appointed as the first president of Wattpad
Wattpad CEO Jeanne Lam has taken on the role of president, the first in the company’s history, as it reports a “period of explosive growth” following its acquisition by Naver.
Shopify makes strategic investment in Israeli e-commerce startup Yotpo with new partnership
Yotpo is just Shopify’s latest investment as the Ottawa-based company races to grow its ecosystem with both funding and acquisitions.
Rebranded Nuula secures $120 million for real-time data app, small business loan offering
The company was formerly known as BFS Capital, which began its transformation into a real-time data and analytics application company in 2019 when it opened an engineering center in Toronto.
Recent funding, acquisitions and layoffs
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ELECTIONS
CCI Executive Director Benjamin Bergen joins to look at the major political parties’ tech platforms (and what they’re missing) ahead of the federal election.
HOW CANADIAN TECH TOOK OVER THE TSX
TMX group’s Danny Lipkin joins to explain why the first half of 2021 is already the best year for Canadian tech companies on the TSX, and why it took so long.
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