Welcome to BetaKit’s startup stories of the week! Here you’ll find the week’s most important news, features and editorials posted on BetaKit. If you prefer this update to arrive in your inbox every week, be sure to subscribe to the BetaKit Newsletter using the form at the bottom of this page.
The best stories of the week
Coinberry Second Crypto Asset Reseller To Receive OSC Regulatory Approval
The move comes nearly a year to the day after Canada’s leading FinTech Wealthsimple received the first order of this type.
Aux Caves FinTech’s Latest Target As Canadian Securities Commissions Continue To Crack Down On Crypto Asset Companies
OSC before issued a warning crypto asset trading platforms that they should contact OSC staff or face potential regulatory action.
Neo Financial prepares to open innovation hub in Winnipeg
Dayna Spiring, President and CEO of Economic Development Winnipeg, told BetaKit, “It’s a great day,” adding that Neo’s choice to rent in the city continues to grow Winnipeg’s tech sector.
Hopper secures $ 175 million in Series G funding
The round comes nearly five months after Hopper got US $ 170 million in Series F financing.
theScore bets big on new offices in downtown Toronto
Despite his awaiting acquisition by Penn National Gaming for approximately $ 2 billion in cash and stock, theScore will operate as a stand-alone business.
Canada Drives Secures CAD $ 100 Million Series B, Plans Alberta Expansion
Even while expanding, Canada Drives faces competition across Canada, including from Toronto. Clutch.
Ontario and Michigan Collaborate on Cutting-edge Automotive and Mobility Technology
Together, Ontario and Michigan are responsible for about 22% of automotive production in North America.
Latest financings, acquisitions and layoffs
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VAN – iQmetrix acquires Shiftlab (find out more)
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BUR – Nanotech Security to be acquired by Meta Materials (find out more)
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CAL – ICwhatUC – $ 1.3 M (find out more)
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SUD – Symboticware – $ 2.8 M (find out more)
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ON – NGen invests in a CAD $ 4.2M project led by Mycionics (find out more)
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TOR – Kira Systems will be acquired by Litera (find out more)
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TOR – Rowing – $ 4.5M (find out more)
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TOR – Buildable – $ 3.76 M (find out more)
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TOR – Shopistry – $ 2M (learn more
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TOR – Softdrive – $ 1M (learn more)
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NL – Ocean Supercluster invests in $ 3.4 million project led by PanGeo Subsea (read more)
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