Madison McLauchlan

2 days ago | betakit.com | Madison McLauchlan |Madison Mclauchlan

The founder and former CEO of SRTX is pivoting from high-tech textile manufacturing to memory software for companies, just as the startup she once led closes on key financing and elects her replacement. “We’re running companies with amnesia. Founders forget the lessons they swore they’d never repeat.”Katherine HomuthIn a Substack post today, Katherine Homuth announced she is launching a new venture, Oomira, to build companies a “queryable” archive of every decision they’ve ever made.

2 days ago | betakit.com | Madison McLauchlan |Madison Mclauchlan

The first venture capital (VC) fund supported by a Canadian university endowment has secured an initial close of $10 million USD ($14 million CAD).

6 days ago | betakit.com | Madison McLauchlan |Madison Mclauchlan

There’s a new hands-off opportunity for Québec angel investors to get in on early-stage deals. “The vision is to grow gradually over each iteration, taking inspiration from US angel groups that have scaled similar sidecars.”Pedro HerreraAnges QuébecAngel network Anges Québec has launched Elevia Fund, a new co-investment fund meant to allow members and external investors to invest in pre-seed and seed-stage Québec companies while leaving the due diligence to other angels.

1 week ago | betakit.com | Madison McLauchlan |Madison Mclauchlan

Shopify posted strong earnings in Q1 2025, beating its forecast for revenue growth with a slightly deflated outlook for profit next quarter as it navigates the impacts of a United States (US) trade war on its merchant clients.  Shopify achieved $2.36 billion in Q1 revenue, a 27-percent growth rate year-over-year, slightly beating its forecast for the quarter. This marks eight straight quarters of 25 percent or more revenue growth, excluding the sale of Shopify’s logistics business in 2023.

1 week ago | betakit.com | Madison McLauchlan |Madison Mclauchlan

After five years at the helm, Adrien Côté is stepping down from his role as executive director of Velocity, the University of Waterloo’s flagship startup incubator program. The Waterloo graduate, researcher, and technologist spent eight years at Velocity, leading the program through a COVID-19 shutdown and helping mentor hundreds of students looking to build businesses. Côté is returning to his roots in the cleantech space, he said, and will remain in an advisory role at Velocity.