BetaKit

Many media outlets tend to prioritize the amount of funding raised over the actual innovation and quality of products or services. There is a lot of buzz surrounding releases from big, established companies, while new and innovative ideas often get overlooked. The focus is frequently on being the first to share news rather than offering thorough analysis. Often, the spotlight is on Silicon Valley, with little coverage of developments elsewhere, including in Canada. At BetaKit, we believe in delivering not just the news, but also the context behind it. While breaking news is crucial, it's equally important to connect these stories to broader industry trends and explain their significance for you and your business.

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Teresa Resch knows tech can give the Toronto Tempo a competitive advantage

6 days ago | betakit.com | Douglas Soltys |Alex Riehl

Toronto is buzzing with anticipation of the inaugural tip-off sure to bring everyone in the city together. Are we talking about Toronto Tech Week, or the debut of Canadaâs first WNBA team in 2026? For Toronto Tempo president Teresa Resch, itâs both. Next week, Resch will be among the headliners at Homecoming, the sold-out official mainstage of Toronto Tech Week 2025.
Chris Greenfield is no longer the managing director of OneEleven

1 week ago | betakit.com | Alex Riehl

Chris Greenfield is no longer the managing director of Toronto-based innovation hub OneEleven, BetaKit has learned. OneElevenâs head of communications and marketing announced Greenfieldâs departure in a brief message to an internal Slack channel, which has been viewed by BetaKit. âFYI – Chris Greenfield is no longer with OneEleven. We thank Chris for his contributions during his time with the organization,â the message reads.
Storytime Capital holds $14-million first close of Fund II to back more startups modernizing work

1 week ago | betakit.com | Josh Scott

Toronto’s Storytime Capital has launched its second venture capital (VC) fund and expanded its leadership team as it gears up to invest in more Canadian tech startups developing products that change how work is found, completed, and organized. The early-stage VC firm held its first close of Fund II this week, securing more than $14 million CAD in commitments.
$100-million credit facility from La Caisse helps AppDirect make second energy brokerage acquisition this year

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

Canadian-founded, San Francisco-headquartered AppDirect announced its second acquisition of an energy brokerage this year as it seeks to profit from rising power demand.
BrainBox AI CEO Sam Ramadori joins Yoshua Bengio’s LawZero as co-president and executive director

1 week ago | betakit.com | Alex Riehl

LawZero has appointed Sam Ramadori as co-president and executive director as the non-profit gears up to develop safe-by-design artificial intelligence (AI) systems. Consequently, Ramadori is departing as CEO of recently acquired Montréal cleantech startup BrainBox AI. Ramadori joins co-president and scientific director Yoshua Bengio as LawZero begins expanding its technical team, increases its philanthropic funding, and executes on its governance strategy, LawZero said in a statement.
David Dufresne joins AQC Capital, Nick Chen makes partner at Golden Ventures

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

Montréal-based venture capital (VC) investor David Dufresne is joining AQC Capital as its newest investment partner after pausing operations at his early-stage firm CMD Capital, BetaKit has learned. Dufresne will assist the Québec government-backed VC firm, which co-invests with members of the angel network Anges Québec, in deploying the remainder of its second fund, he told BetaKit.
With $3-million seed round, Xatoms launches pilot projects to purify water with quantum chemistry

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

A little sunlight, and a little photocatalytic powder. That‚Äôs all Toronto-based cleantech startup Xatoms says it takes to make contaminated water drinkable. The process involves quantum chemistry and artificial intelligence (AI) to identify photocatalysts, or substances that react with light to purify water. Now, Xatoms has raised $3 million in seed funding to help commercialize its technology for industries and consumers.
Former Graphite Ventures analyst to launch new Vancouver incubator Althra

1 week ago | betakit.com | Josh Scott

This fall, Vancouver is gaining a new incubator for generalist technology startups. Applications to join Althra‚Äôs first, four-month, in-person cohort in downtown Vancouver, which will run from September to December 2025, have now opened.
G7 leaders conclude summit with commitments on AI and quantum

1 week ago | betakit.com | Alex Riehl

The leaders of Group of Seven (G7) nations concluded the annual summit in Kananaskis, Alta., with six joint commitments, including some that addressed tech like artificial intelligence (AI) and quantum computing. The G7 nations reached consensus on a ‚Äúcommon vision‚ÄĚ for the future of quantum technologies, recognized the ‚Äúpotential‚ÄĚ for AI to grow prosperity, and came up with a critical minerals action plan.
FCAC commissioner shares update on Canada’s open banking future, but makes no timeline commitments

1 week ago | betakit.com | Alex Riehl

The commissioner of the Financial Consumer Agency of Canada (FCAC), Shereen Benzvy Miller, provided FinTech leaders with a progress update on the country’s open banking plan this week, indicating the federal government is moving ahead with the much-delayed policy.