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Also: Meet Startup Atlantic.
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
Shopify plans to launch two-day and next-day shipping services
As the two go hand in hand, Shopify and Deliver will work together to launch a new service called Shop Promise to offer consumers two-day and next-day delivery options.
Atlantic Canada’s creative players launched a new startup Atlantic brand at Startupfest
Start Atlantic is a new, Atlantic Canadian Opportunities Agency (ACOA) funded initiative. The brand brings together the four provinces of Atlantic Canada—Newfoundland and Labrador, New Brunswick, Prince Edward Island and Nova Scotia—under one roof.
Permalution, Magnestar, Ohh! Dishes among the winners of the Startupfest 2022 pitch competition
All three of the $100,000 investment awards—Best of Fest, Women in Tech and Black Entrepreneur Award—were won by female founders. The Business Development Bank of Canada (BDC) announced at the event that they matched each award to all winners.
Toronto, Vancouver’s tech talent pools have seen significant growth in the latest CBRE report.
Toronto and Waterloo Region, along with Seattle, were among the top five tech markets with 9.6 percent to 10.3 percent of their total jobs.
Hackers are smart but lazy. Here’s how beginners can benefit
When multi-factor authentication became widespread, many believed it was enough to stop all hacker attacks. Now, even multi-factor authentication is being targeted by hackers.
Recent funding, acquisitions and layoffs
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EDM – Truffle – $2.3M (read more)
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EDM – Startup TNT Partners $1M (Read More)
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WAT – Proto – $5.6M (read more)
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TOR – Ratehub sells majority stake to Novacap (read more)
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COB – Northumberland CFDC receives $7.7 million from federal funds (read more)
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OTT – Spiderwort – $17.1M (read more)
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OTT – Welbi – $3m (read more)
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MTL – Bravo Ready – $3.9M (read more)
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HAL – Dairy Activity – $26m (read more)
Addressing the lack of access to capital for indigenous entrepreneurs
“Trust, and the scale of Indigenous influence, and the well-being of Indigenous families sit back with risk.”
Paul Lacerte, Managing Partner of Raven Capital, explains how the firm invests in traditional, safe ways for homegrown influencers.
Inside Anthony LaCavera’s fight for freedom mobile
“The worst outcome for Rogers is a real competitor, which is us. They know we’re going to drop prices, so they don’t want prices to drop.
Global founder and chairman Anthony LaCavera shares why he was forced to sell WindMobile and why it was so difficult to acquire Freedom Mobile as part of the (rival) Rogers/Shaw merger. Welcome to Competitiontown.
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