Two former Shopify leaders are set to become the majority shareholders of tech-industry publication BetaKit, reports Temur Durrani of The (Toronto) Globe and Mail.
Durrani reports, “Good Future, a Toronto-based venture fund and philanthropic foundation led by husband-and-wife duo Satish Kanwar and Arati Sharma, has signed a partnership to hold the controlling interest in BetaKit, the companies told The Globe and Mail ahead of a public announcement on Tuesday. Financial details were not disclosed.
“Mr. Kanwar will become interim chief executive officer and chair of the board of directors at BetaKit, while Ms. Sharma is joining its group of business advisers to work on its brand direction. Douglas Soltys, who has managed BetaKit for nearly a decade, will remain the publication’s editor-in-chief.
“Good Future will provide BetaKit with capital for growth, Ms. Sharma and Mr. Kanwar said. They would not reveal any figures for their investment, but said it would be utilized for enhanced editorial offerings, subscriber benefits and community initiatives to ‘better serve and engage Canadian tech.'”
Read more here.