Canada’s Startup News of the Week (1/30/22)


Why Canadian tech is finally catching up to the global talent market.

Welcome to BetaKit Startup Stories of the Week! Here, you’ll find the week’s most important news, features and editorials published on Beta Kit. If you prefer this update to have it hit your inbox every week, be sure to sign up for the BetaKit newsletter using the form at the bottom of this page.

The main news of the week


Techstars Toronto’s all-round team has spurred discussion on an immediate role based in the city.

In the past, Techstars Toronto collectives have demonstrated an interesting balance between local Canadians and international founders to grow their businesses in Canada. But the latest batch was unique: for the first time, it consisted exclusively of non-Canadian companies.


Deloitte Canada launches $150 million CAD venture capital fund.

Deloitte Canada is getting into the venture capital business after tracking growing tech startups on its annual Tech Fast 50 list for several years.


Michael Hyatt has joined Northleaf Capital Partners as a senior advisor.

Northleaf Capital Partners has added Canadian technology entrepreneur and investor Michael Hiatt as a senior advisor to the firm’s venture capital and growth equity program. Elsewhere in Canadian VC moves, Innovia Capital has introduced Hugh Lanthe to partner with the firm’s growth investment team.


Mars launched a new $100 million graphite IAF fund

The fund will see a $25 million investment from Canadian pension fund OMERS, as well as contributions from entrepreneurs from past IAF investments.


Bench CEO and founder Ian Crosby left, the company will bring president

“I told everybody I was ready to move on to the next thing,” Crosby told BetaKit in an interview.


Ottawa entrepreneur Brad Rollo remembers with passion and enthusiasm

John Bradley “Brad” Rollo passed away in his sleep from cancer on December 24, 2021. Rollo’s death sparked a flood of memories and tributes from his family and friends.


Toronto breaks records for venture funding by 2021 as city grows accustomed to billion-dollar quarter

Toronto’s tech investment will grow 400 percent by 2021, according to data from briefed.in. British Columbia’s tech sector in western Canada reached new heights last year, and Calgary saw strong results as the region’s deal rate doubled. Elsewhere, Montreal’s tech funding continues to grow, with Faire and Appleboard accounting for 85 percent of the capital raised by Waterloo Region startups by 2021.


Why Canadian tech is finally catching up to the global talent market.

The pandemic has made global talent more accessible than ever before. That’s especially evident in Canada’s thriving startup scene.


The Clio alum started Lawbroker, a Logitech startup to match consumers with lawyers

Armed with $785,000 in fresh funding, the new Toronto-based startup aims to tackle what one of its investors describes as a “universal problem”—how to get the right legal help.


Three Canadian regions have been ranked among the best global cleaning ecosystems by startup Genome.

It is interesting to note that the Toronto-Waterloo region has been ranked as a top sanitation hub in Canada, with British Columbia (BC) in particular seen as the country’s leader in this sector.


Recent funding, acquisitions and layoffs

  • SF – Builders VC Raises $250M in Second Fund (read more)
  • VIC – Certn Accredited (read more)

  • Van – Ziva Dynamics acquired by Unity Technologies (read more)

  • VAN – MintList (TrafficDriven) – $2.76M (read more)

  • REG – Agtech Accelerator Receives $900K in RDA Funding (read more)

  • REG – HomeTeamLive – $450K (read more)

  • Lon – Paystone Acquires Canadian Payment Services (read more)

  • MAR – VentureLab receives $1.5M from the municipality (read more)

  • TOR – BenchSci – $63M (read more)

  • TOR – Zafin Buys Fincad (read more)

  • TOR – Discovers Daylight Automation Authentication Data Technologies (read more)

  • HAL – Volta Labs Receives $450K in RDA Funding (Read More)

  • GHE – Reached – $150m (read more)


RBC Capital Markets Global Market Outlook 2022

This year’s Global Market Outlook combines our M&A and Equity Capital Markets experts with the foresight of global economists to find out what will drive deal flow in the coming year.

For companies, ESG is strategically important and an investment in the future. For investors, ESG has become a new data set on business, governance and sustainability. How do companies use ESG to attract capital?

Global market insights to help you lead today and define tomorrow.

Get the 2022 Outlook


What prevented Canadian Shield from offering PPE and rapid tests?

Canadian Shield made 16 million face shields at the time of the outbreak. And then they stopped. Why did you stop? What stopped them?


What can Metaverse learn from accessibility leaders?

“When you design for the ends, you get the middle for free.”

Maayan Ziv (AccessNow) and Samuel Proulx (Fable) discuss the process of improving accessibility in both the real and virtual worlds.


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