Vancouver’s Lumen5 has been named the Startup World Cup 2021 Canada Regional Winner at CIX Digital Summit today.
Startup World Cup partners exclusively with CIX annually to host its Canadian regional competition and recognizes the CIX Top 20 Early companies as the finalists.
Startup World Cup Canada Regional judges selected Lumen5 from the 2021 CIX Top 20 Early inductee companies.
Founded in 2017 by Michael Cheng, Christopher Bowal, and Nigel Gutzmann—Lumen5 aims to become the new software standard for video content creation in the business world. Lumen5 empowers brands to share their stories through videos without experience or training and its artificial intelligence-powered platform.
“This is such an honour for us,” said Michael Cheng, Co-founder of Lumen5, “our 45-person team has been working tirelessly over the years to develop video creation solutions for our one million users and we are absolutely thrilled to receive recognition of this caliber from the startup community.”
Lumen5 is no stranger to startup competitions. The video startup took home the $105,000 Innovate BC first-prize package in the 2019 New Ventures BC Competition.
This is the second year that the Canadian Regional Winner is a Vancouver-based company. Last year Beanworks earned that honour six months before being acquired by Quadient for over $100 million.
Organized by Silicon Valley-based multinational VC firm Pegasus Tech Ventures, Startup World Cup is a global conference and competition with the goal of bridging startup ecosystems worldwide.
More than 60+ regional events are held across North America, South America, Europe, Africa, Asia, and Australia, leading up to the Grand Finale in San Francisco where Lumen5 will represent Canada and the global champion will be awarded a USD $1 million investment prize.
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