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
Toronto tech CEO vows to rebuild and grow team after Gaza office is destroyed in airstrike
The Gaza office building housing the team of nine Open Screenplay developers was destroyed in mid-May, the 10th day of deadly airstrikes on the city.
Nuvei filing says company could raise up to US $ 1.8 billion in new issues and secondary offerings
Filing follows strong first quarter earnings report and a few busy months for the Montreal FinTech company.
Canada’s intellectual property lag is only part of the innovation challenge
“Intellectual property should be a key part of Canada’s innovation strategy, but it is not the only factor.
Mphasis to launch Canadian headquarters in Calgary and create up to 1,000 tech jobs
Mphasis has entered into a strategic public-private partnership with the Government of Alberta and the University of Calgary.
AQC Capital obtains $ 64 million for a second technology start-up investment fund
Through this fund, the AQC and its funders aim to support the development of innovative Quebec startups and to help accelerate their ambitions for international growth.
Mogo increases stake in Coinsquare for second time and gains ability to buy majority
Mogo first bought an almost 20 percent stake in Coinsquare in February for C $ 56.4 million.
Latest financings, acquisitions and layoffs
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VAN – Bench – $ 73 M (find out more)
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VAN – Clir Renewables – $ 25M (find out more)
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TOR – Adeptmind – $ 7.5M (learn more)
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TOR – Elevate – $ 5.8M (learn more)
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TOR – Rocket Doctor – $ 4.6 million (learn more)
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SK / ON – Eight Saskatchewan and Ontario tech companies awarded $ 4.4 million (learn more)
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SF – Faculty – $ 3.6 M (find out more)
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MIS – INTELIGHT Innovations – $ 2.2 M (find out more)
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MON – bonjourDarwin – 2 M $ (find out more)
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VAN – Stoko – $ 1.2 M (find out more)
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HAL – Habit Forming Technologies – $ 500,000 (learn more)
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MON – Zetane Systems – $ 181,000 (learn more)
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HOW NEO FINANCIAL VIEWS THE FIVE BIG BANKS OF CALGARY
“When you look at the big five banks today, they all have the same technology, the same products, the same features and the same fees. There is no real competition.
HOW CANADIAN TECHNOLOGY COMPANIES GET PUBLIC
Will Shaw, Partner and Head of the Toronto Emerging Technology Practice Group at Fasken, explains the process of IPOs for Canadian technology companies.
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