3 years ago403Welcome to BetaKit’s startup stories of the week! Here, you volition find the week’s astir important news, features, and editorials published connected BetaKit. If you similar this update deed your inbox each week, marque definite to subscribe to the BetaKit Newsletter utilizing the signifier astatine the bottommost of this page.
Top Stories of the Week
Following Wattpad acquisition, CEO Allen Lau says "I'm not done yet"
BetaKit was archetypal to corroborate reports of Wattpad’s pending acquisition by South Korean net institution Naver Corp. for $754 cardinal CAD ($600 cardinal USD). CEO Allen Lau told BetaKit the woody volition not dilatory down plans to marque Wattpad a planetary amusement giant.
DMZ returns to early-stage absorption arsenic hub eliminates "crown jewel" accelerator program
“It became beauteous evident for america that the abstraction was getting beauteous engaged successful presumption of however galore accelerator programs existed.”
NGen Supercluster nears two-thirds of $230 cardinal fund committed with caller COVID-19 proviso projects
To date, NGen has approved investments of $148 cardinal successful 62 projects.
Pandemic, floorspace enlargement hold opening of Toronto's Indigenous Centre for Innovation and Entrepreneurship until 2022
Toronto Centre metropolis councillor Kristyn Wong-Tam told BetaKit the ICIE has been delayed for 3 reasons.
Latest Funding, Acquisitions, and Layoffs
Hopeful raises $400,000 (Read here)
Rewind closes $19M Series A circular (Read here)
Bold Commerce raises $35M Series B (Read here)
Think Research acceptable to get MDBriefcase (Read here)
Fintech Cadence acquires Innovate Financial Health (Read here)
Autozen raises $4.2M (Read here)
Paystone secures $69M (Read here)
Eli raises $1.9M successful effect backing (Read here)
Wishpond Technologies looks to get PersistIQ (Read here)
In Fidem acquired by Atos (Read here)
Tier1 Financial Solutions acquires Alessa (Read here)
ScreenScape Networks acquired by Spectrio (Read here)
Beyond Medical Technologies acceptable to get Kayan Health (Read here)
ZGM Modern Marketing Partners acquires Paper Leaf (Read here)
RECOMMENDED BY HOCKEYSTICK
Why San Francisco-based VC Hustle Fund Is Betting Big connected Canada
“At Hustle Fund, we’re convinced that Canada is positioned good to nutrient immoderate of the largest, category-defining companies connected the planet. We’re anxious to money these companies, and excited to spouse with Hockeystick to place these opportunities!” – Eric Bahn (General Partner)
Since launch, Hockeystick has made implicit 6000 funder recommendations to Canadian startups. Learn however startups are utilizing exertion to conscionable funders astir the world.
SHOPIFY’S DEPLATFORMING POLICY
Canada’s astir invaluable institution conscionable booted the outgoing US person disconnected of its platform. Let’s speech astir why, how, and if thing akin could hap to them, too.
PANDEMIC (YEAR TWO) ACTION PLAN
So what to bash astir pandemic twelvemonth two? Once again we crook to Melissa and Johnathan Nightingale of Raw Signal Group, a concern absorption consultancy, for advice.
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