Category: BetaKit

Canada Learning Code receives $117,000 because the Raptors stomped the Warriors

Canada Learning Code has received $117,000 becasue the Toronto Raptors beat the Golden State Warriors in the NBA Finals, bringing home the championship trophy to Canada for the first time in NBA history.

“Canada Learning Code is honoured to receive the support of #TechBet to create a lasting impact from the Toronto Raptors championship.”
– Melissa Sariffodeen

The funding came about because two tech organizations, TechToronto and San Francisco-based sf.citi, launched #TechBet ahead of the NBA Finals. The initiative was devised as way to celebrate the NBA Finals, while challenging local tech entrepreneurs, in two of North America’s biggest tech hubs, to raise money for charity.

If the Raptors won TechToronto pledged to support Canada Learning Code, if the Warriors had won, sf.citi would have provided the to money to Circle the Schools, an organization that aims to help students prepare to live, work, and thrive in the Bay Area.

“Canada Learning Code is honoured to receive the suppo..

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Focus FS to have global reach following partnership with Germany-based Dräger

Focus Field Solutions, an industrial safety solutions company based in St. John’s, Newfoundland and Labrador, will be expanding globally after forming a partnership with German manufacturer Dräger Safety AG & Co. KGaA.

“We will accelerate our growth plans, forge into new markets, and use the knowledge gained to enhance and deliver innovative products.”

Dräger acquired a stake in Focus FS through an undisclosed investment amount, and plans to help the Atlantic Canada startup sell its software solutions, which digitize operations data for the heavy industrial sectors, in international markets. In addition to this market expansion, Focus FS said it also plans to use the new funds from the investment to improve its software offering and hire new team members in the coming months.

“We are very enthusiastic about having Dräger as a partner and investor,” said Jeffrey K. Brown, CEO and co-founder of Focus FS. “This investment shows Dräger’s confidence in our vision. We believe zero-harm is..

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Startup jobs of the week: Coinsquare, Tulip, Prospect

Every day, Canada’s tech startups post their latest and greatest job opportunities on Jobs.BetaKit, powered by Jobbio. From early-stage to Series B and beyond, Jobs.BetaKit helps startups from all over the country hire Canada’s top tech talent.

Each week, BetaKit will highlight a selection of the job roles posted to Jobs.BetaKit. If you’re a candidate looking for a position at a tech Canadian startup, survey the selection below or view all the posted positions here. For companies in need of top candidates, scroll to the bottom of this post to learn how to get your roles posted to Jobs.BetaKit!

Jobs of the Week (August 16, 2019):
Toronto
SHIFT – Growth Lead

The company is looking for highly motivated, energetic self starters with strong interpersonal skills, a scrappy startup mentality and a desire to make an immediate impact on a rapidly growing business. You should thrive in fast-paced and cross-functional environments, be comfortable with change and be excited by large enterprise ..

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How I chose an accelerator for my startup

Accelerator programs have become a ubiquitous part of the startup world, with dozens of programs promising access to capital, mentorship, and a strong network in exchange for equity and/or the ability to say they were part of a successful startup’s journey.

“[Accelerators] aren’t a silver bullet … they are a helping hand that can help you level up.”

While Y Combinator and Techstars are two of the best-known programs, and both have been around for over a decade, there are now countless programs run by VC firms, Fortune 500 companies, educational institutions, and community organizations.

The increase in the variety of programs means it can be difficult for founders to parse through them to evaluate which are the right fit. Each program offers a different value proposition, structure, and focus, so deciding which one to apply to can be time consuming – and that’s after deciding whether to apply at all.

When I joined Willful, an online estate planning platform, as CEO in early 2019, w..

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Nudge Rewards raises $12 million CAD

Nudge Rewards, the Toronto-based company offering a way for employers to engage and reward their frontline managers and staff, today announced the close of a $12 million CAD ($9.3 million USD) venture capital round. The company, which previously raised a Series A in 2017, is calling this a “growth round.”

“[This] validates the increasing demand from world-class brands for a more effective way of connecting with their frontline employees.”

The funding was led by Chicago-based Jump Capital, with support from existing investors, which in the past has included BDC Capital’s Women in Tech Fund, Brightspark, Generation Ventures, and Standup Ventures, among others. Nudge Rewards stated that this capital will help scale its go-to-market capacity and “drive innovation in employee experience management.” As part of the deal, Michael McMahon, managing partner at Jump Capital, is set to join Nudge Rewards’ board of directors.

“Today’s announcement validates the increasing demand from world-clas..

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FanSaves wins Renfrew startup competition, securing $100,000 investment

FanSaves, a SaaS company that wants to help organizations increase engagement among their fanbase, has won the second annual RC100 competition, receiving a $100,000 seed investment from Renfrew County Community Futures Development Corporation (CFDC).

“We want to show the world that Renfrew County is the place to do business and we want to prove that a rural county can help produce a world-class tech startup.”

The Cornwall-based startup helps sports teams and other organizations, including towns, e-sports, events, universities, schools, and influencers, by offering fans discounts and deals from sponsors of their favourite teams and organizations. Following the win, FanSaves plans to run its own innovation project in Renfrew County in the fall, hoping to offer locals the chance to help the co-founders solve challenges faced by the entrepreneurial community.

“We want to prove that you don’t have to live in Silicon Valley to be a successful tech company,” said Shannon Ferguson, co-foun..

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1Password reports 300 percent growth in B2B revenue over the last two years

1Password, a Toronto-based password manager, recently announced its B2B revenue has risen more than 300 percent over the last two years, and that it serves over 47,000 paying businesses worldwide, from SMEs to enterprises.

“I think the growth has really happened because of the current state of cybersecurity. The real answer to data breaches is a password manager.”

According to the 2018 Verizon Data Breach Investigations Report, passwords are the primary cause of data breaches for businesses, accounting for 81 percent of breaches in 2018. As a result, more enterprises are making security best practices a top priority. 1Password, which began targeting its offering to consumers, moved into a B2B play in recent years, and now sees itself as the actionable face of what to do in the case of a data breach.

“There is a clear and growing trend towards data breaches and their associated costs [are] accelerating,” said Jeff Shiner, 1Password’s CEO. “We launched 1Password Business three years a..

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S|W: The SaaS Weekly – Wattpad’s European expansion

The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.

Subscribe to S|W using the form at the bottom of this page to ensure you don’t miss out on the most important SaaS news every week!

Saskatoon-based SalonScale Technology closes $1 million seed round
Saskatoon-based SalonScale Technology has closed over $1 million in seed funding for its smart technology-powered app helping salon owners and stylists.

LATEST JOBS

Canvass Analytics – React Developer

iNTERFACEWARE – Fullstack Developer

CBC/Radio Canada – Data Architect

See more jobs and post your own on Jobs.BetaKit (powered by Jobbio).

Ment.io wants to help your team make decisions
The service actually measures the level of expertise and credibility every team member has around a given topic.

Bridgit raises $1.5 million from CIBC Innovation Banking
Kitchener-based Bridgit, a project management platform for construction businesses, has received $1.5 million in debt growth capital fina..

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TruTrace completes first phase of medical cannabis pilot with Shoppers Drug Mart

Vancouver-based cannabis blockchain company TruTrace Technologies has completed the first phase of its blockchain-secured pilot program with Shoppers Drug Mart.

“As the cannabis sector continues to rapidly evolve in Canada, the industry needs to increase transparency to all stakeholders.”

The pilot program is designed to increase transparency, interoperability and product identification within the medical cannabis industry. TrueTrace’s software will be used as a central hub for identity management, asset tracking, validation, and product authentication. Shoppers has commissioned TruTrace and Deloitte to execute Phase 2 of the pilot, with full production and implementation of TruTrace’s StrainSecure platform, slated to begin in November 2019.

“As the cannabis sector continues to rapidly evolve in Canada, the industry needs to increase transparency to all stakeholders by demonstrating adherence to rigorous procedures to maintain the overall integrity of the supply chain,” said David ..

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MolecuLight’s oncology business acquired by Germany-based Photonamic

Toronto-based MolecuLight‘s clinical oncology business has been acquired by Photonamic GmbH & Co. KG. The two businesses will form a subsidiary of Photonamic, called SBI ALApharma Canada.

“MolecuLight said the acquisition means that its core technology will be further expanded globally to a new market and could become a standard of care.”

MolecuLight, which develops fluorescence-guided imaging technologies for health applications, has previously collaborated with Photonamic in oncology, combining MolecuLight ́s proprietary fluorescence imaging technology with Photonamic ́s 5-ALA contrast agent. Rob Sandler, chief marketing officer of MolecuLight, told BetaKit the deal will provide revenue as well as a return to MolecuLight’s investors on “the fundamental technology and its commercial and clinical utility in other markets.”

“We are thrilled to announce the acquisition of our clinical oncology business by such a valued and strategic partner as Photonamic,” said Anil Amlani, MolecuLigh..

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Wealthsimple announces partnership, looks to attract high-net-worth investors

Wealthsimple has entered into a partnership with Grayhawk Investment Strategies, an independent wealth management firm, that will see the organizations working together to serve high-net-worth investors.

“A modern advice and service platform leveraging sophisticated technology is fundamental to delivering a great client experience.”
-CEO of Wealthsimple for Advisors

Through the partnership, Wealthsimple for Advisors, the FinTech’s automated management platform for financial planners, investment advisors, portfolio managers, and dealers, will provide Grayhawk’s team with its technology, as well as dealer and advisory services for Grayhawk clients. In return, Wealthsimple will offer Calgary-based Grayhawk’s investment strategies to advisors with high net worth clients through its own platform. According to Wealthsimple, this “strategic alliance will broaden the range of clients who have access to Grayhawk’s institutional-style investments.”

“We are disrupting the way successful famili..

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Eric Arnold started a business to make money for everyone

As part of a regular series powered by Dell Small Business, BetaKit asked business leaders to share their experience starting a business, and how their solution is disrupting an industry.

Planswell is an online platform that helps users build a financial plan in less than five minutes. In the last year and a half, the company has created over 150,000 financial plans for Canadians, proving that financial plans aren’t just reserved for the wealthy.

BetaKit sat down with Planswell CEO Eric Arnold to discuss the importance of financial planning for everyone, and why a company like Planswell couldn’t have existed 10 years ago.

Financial planning is not just for the wealthy
Today, if you search “Financial Plan” on Google, you’ll find a list of blogs trying to define the term and independent financial planners trying to sell you their services. You won’t find the big banks on the first page of results because, presumably, if you have to search “Financial Plan” on Google, you’re not wealthy..

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