BetaKit - Canadian Startup News & Tech Innovation

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Funding

Koho becomes Canada’s latest unicorn following $130-million Series E round

Josh Scott Jun 11

FinTech firm passes 2.5 million users as it navigates “final stages” of acquiring banking licence.

Nesto CEO Malik Yacoubi sits on stage with two other unidentified man.

Funding

Nesto secures nearly $1.5-billion valuation in new Series E round

Alex Riehl Jun 10

Montréal-based digital mortgage lender wants to speed up approvals using AI.

Intriciate technology connected to the Trillium Supercomputer

Inside the GTA facility housing one of Canada’s most powerful supercomputers

Josh Scott Jun 8

Trillium helps Canadian researchers with massive jobs like simulating oceans and modelling stars.

Evan Solomon speaking into a microphone.

Canada’s AI strategy contains $2.3 billion in spending but few details on new privacy regulations

Alex Riehl Jun 4

Delayed strategy promises plan to encourage Canadians to reinvest tech investment gains in AI startups.

BDC extends Isabelle Hudon’s mandate as CEO through 2030

Alex Riehl Jun 1

Crown corporation’s board chair says Hudon will help shape its next five-year strategy.

Defence Tech

Q&A: Erin O’Toole says Canada needs to play catch-up on defence innovation

Douglas Soltys May 28

Erin O’Toole wants Canadian innovators to seize the moment before it’s gone.

Latest

SaaS

S|W: The SaaS Weekly – TealBook takes the reins

Josh Scott Dec 21, 2021

Plus: Reddit files confidentially to go public.

Acquisitions

Traction Guest acquired by US growth equity firm PSG

Charlize Alcaraz Dec 20, 2021

Traction Guest was one of Traction on Demand’s first incubated products.

FinTech

Trulioo sees crypto firms lean toward compliance verification as regulatory environment changes

Charles Mandel Dec 20, 2021

Identity verification startup Trulioo’s largest customer segment is crypto firms.

Funding

Marlow brings innovative D2C menstrual product to market

Charlize Alcaraz Dec 20, 2021

The startup also recently received approval from Health Canada.

Canadian startup news of the week (12/19/21)

Josh Scott Dec 20, 2021

Plus: Ryan Holmes, Manny Padda launch venture fund to invest in young founders.

FinTech

F|T: The FinTech Times – Ledn bets on Bitcoin-backed mortgages

Josh Scott Dec 20, 2021

Plus: Institutional Bitcoin broker NYDIG valued at $7B in whopping $1B funding round.

Impact

How the global “phenomenon” of impact investing is heating up in Canada

Stefan Palios Dec 17, 2021

How to balance profit with purpose.

Funding

WealthTech startup PureFacts raises $37 million to pursue acquisitions

Charles Mandel Dec 17, 2021

The Canadian Business Growth Fund led the round.

Caregiver with an elderly person in a wheelchair looking out into the open field of grass

Acquisitions

LifeSpeak acquires Torchlight to expand digital education to caregivers

Charlize Alcaraz Dec 17, 2021

LifeSpeak claims this is the company’s largest acquisition to date.

Funding

Armed with $1.2 million, Eva plans to bring ride-sharing, delivery software to new markets

Josh Scott Dec 17, 2021

Eva claims to offer “the first ride-share and delivery platform built on blockchain.”

Healthtech

H|T: The Healthtech Times – Elizabeth Holmes was always in control

Josh Scott Dec 17, 2021

Plus: How to (successfully) pivot your startup.

New mandate letter gives Minister Champagne long to-do-list for Canadian tech and innovation

Meagan Simpson Dec 16, 2021

The letters came two months after Trudeau’s post-election cabinet was revealed.

Funding

Tiggy raises $6.3 million to expand 15-minute grocery delivery service beyond Vancouver

Charlize Alcaraz Dec 16, 2021

Tiggy has its eyes on establishing dark stores in Toronto.

Funding

Nicoya’s $20 million Series A extension enables continued development of digital proteomics solution

Charles Mandel Dec 16, 2021

Nicoya’s solution helps scientists accelerate drug discovery.

Funding

Ukko Agro closes $5.1 million seed round to help farmers make crop management decisions at scale

Josh Scott Dec 16, 2021

Ukko Agro helps ag companies make informed crop management decisions.

From Partners

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BetaKit Podcast

Jim Balsillie speaking at BetaKit Most Ambitious: Town Hall

Physical AI and economic nationalism at BetaKit Most Ambitious: Town Hall

by Douglas Soltys June 8, 2026

Waabi’s Raquel Urtasun and CCI’s Jim Balsillie came to Toronto Tech Week armed with data and predictions.

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Events

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Events

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Evaluating Canada’s Defence Industrial Strategy

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The DIS adds clarity to Canada’s defence spending commitments, but not their outcomes.

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