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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.
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The main news of the week
As the AI sector heats up, Radical Ventures has raised a new $550 million fund
An early-stage AI-focused VC firm is in the process of raising a new $550 million fund. Radical partner Aaron Brendle told BetaKit that “the majority” of the fund has already been closed.
The Canadian government announced a 360 million dollar national quantum strategy plan
According to the Government of Canada, NQS will focus on enhancing Canada’s strength in quantum research, developing the country’s quantum-ready technologies, companies and talent, and strengthening the country’s global leadership in space.
When the real estate market goes down, it actually goes away from guaranteeing a home sale
A digital real estate brokerage, targeting the Canadian market by giving homeowners the option to sell their homes directly by listing “latest offers” on them.
WonderFi released an official statement following the Coinsquare merger report.
In a public statement, WonderFi would neither confirm nor deny BNN Bloomberg’s Coinsquare crypto merger report, saying they are both looking at and acquiring potential acquisitions. This comes days after Coinsquare moved to terminate a previously agreed deal to buy CoinSmart.
BMO, Georgia’s partner in Access Fund as a venture firm, will hold half of the second line of funding.
As of Oct. 11, 2022, SEC filings show Georgiana has raised $466 million to date.
BC consults on hiring standards for gig workers Uber, Lyft offers its own vision
The next steps to regulate gig work are uncertain, said Adam Walker, BC’s parliamentary secretary for the sustainable economy.
BDC Capital Report Confirms Canadian VCs Are Hiring More Diverse Candidates But Facing Talent Retention Challenges
The report’s findings are encouraging in terms of career growth: women and visible minorities account for at least half of all Canadian VCs, 72 percent and 53 percent, respectively.
How to hire Interac’s CTO for technical roles
Speaking with BetaKit, Henderson explained how he approaches technical hiring from a process perspective and his advice for other CTOs or chief talent officers looking to hire.
Recent funding, acquisitions and layoffs
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Van-Thinking Kills Up to a Fifth of Employees (Read More)
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Van – Forms Terramera Enrich with Initial $6M (read more)
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EDM – Nanoprecise – $13.4M (read more)
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ON – FedDev Ontario invests $14 million in eight projects (read more)
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WAT – Descartes Systems Group Meets Delivery Vision (read more)
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WAT – University of Waterloo leads new $1.5M 5G consortium (read more)
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TOR – Aptum Technologies Acquires CloudOps (Read More)
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TOR – GoBolt disables 5 percent of workers (read more)
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MTL – To get Navi Paya (read more)
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HAL – ReelData – $10.5M (read more)
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Site 3 visual inspection with ROUND13’S STRAJ BAMBRA
“When you have a bath like we have, it leaves you with a really basic value, and that’s what people are building right now.”
Satraj Bambra, partner at Round13’s Digital Asset Fund, joins us for a wide-ranging discussion on the state of Web3, NFTs, crypto, the blockchain and…Roblox.
AI regulation is coming. What is Canada’s approach?
“The core of the bill and the heart of the law, you don’t know exactly what it applies to.”
Data management and AI risk management expert Carole Piovesan joins AI regulation, privacy, and Bill C-27 to discuss the future of the committee.
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