News for August: PostBeyond, raise money; RNDMWRK, Highline BETA launch; Flixel and YouCollab win at Startupfest

It’s been a busy month for Toronto’s startup community. There was money raised (PostBeyond,, Inkbox, and Jiffy), launches (RNDMWRK, Highline BETA, Rthm, and the BDC Canadian Scale-Up Speaker Series), contests won (Flixel and YouCollab) and more, like Startup Open House looking for startups, and layoffs at Influitive. We’ve rounded it all up below.

PostBeyond raises $4M series A: PostBeyond has raised a $4M series A round of funding to expand the team and accelerate development of its employee advocacy solution. The round was led by Information Venture Partners and Export Development Canada. (BetaKit)

Launched: Highline BETA: Ben Yoskovitz and Marcus Daniels have launched Highline BETA, a startup co- creation company that will work with corporate customers to identify problems, then bring in founders to build solutions to those problems. (BetaKit)

Launched: Rthm: MagniWare launches Rthm, a fitness app that uses your phone’s sensors to measure your heart rate and beathing, and gives you tips for exercise and meditation. (TechCrunch)

Venture for Canada and BDC Capital have launched the BDC Canadian Scale-Up Speaker Series that features high-profile Canadian entrepreneurs sharing the stories of building their companies. (BetaKit) gets $200k from Betaworks:, a virtual executive assistant, has been accepted into Betaworks BotCamp. BotCamp provides $200k in seed funding, office space in NYC’s Betaworks Studio, and mentorship. (TechCrunch)

Launched: RNDMWRK: From the founder of RNDMDNR comes RNDMWRK, a subscription-based co- working model that sets you up with wifi, coffee, tea, water, and workspaces in restaurants and bars typically empty during working hours. (TechCrunch)

Flixel wins $160k at Startupfest: Toronto companies had a big presence at Startupfest in Montreal last month (shoutout to Startup Train for getting most of us there!), but few had a presence as big as Flixel who won $160,000 in the open pitch competition. (MTL in Tech)

YouCollab didn’t win the Startupfest pitch competition, but the energy of the founder’s pitch was enough to convince six judges to pool their money for an additional $35k investment. (MTL in Tech)

Influitive lays off 13 per cent of staff: Influitive has laid off 19 people in Canada and the U.S. after raising $38M and acquiring two companies in the last year. The company says that it, like many venture-backed startups, needs to “focus on sustainability.” (BetaKit)

inkbox raises $1M seed: After a successful Kickstarter campaign, temporary tattoo startup inkbox has raised $1M to build a platform that lets you design your own temporary tattoos. Investors include Survivor host Jeff Probst and actor Alison Sweeney (BetaKit)

Jiffy raises $1M, will expand into U.S.: Jiffy has raised $1M in financing as the on-demand home services company looks to expand its operations in Chicago. (BetaKit)

Startup Open House is back for yet another year, and they’re looking for startups to, well, open their houses on September 22. Companies can apply on the Startup Open House website.