Vancouver’s LifeBooster has closed an multi-million investment round from local, international, and strategic investors, including W.L. Gore. Gore? Yes, that Gore. Gore’s world-class GORE-TEX brand and expertise in high performance apparel is well known. The 63 year-old material science company invests nearly $400 million a year into R&D and recently named a Best Workplace for […]
VFX Leader DNEG To Hire 100 In Vancouver For New Feature Animation Studio
Leading visual effects (VFX) and animation studio DNEG is expanding its Canada-based VFX and animation operations and talent pool. Founded in London in 1988, DNEG is the Academy Award nominated VFX studio behind films like Ex Machina, Inception Interstellar, and Tenet. DNEG is planning a new studio in Toronto that will initially employ up to […]
Canada Drives Raises $100 Million to Take Online Car Purchasing Across Canada
Vancouver’s Canada Drives has closed a $100 million funding round led by Jeffrey Housenbold’s Honor Ventures with participation from KAR Global and other strategic investors. Founded in 2010, Canada Drives has been the largest online automotive finance company in the country, helping over 1 million Canadians finance and purchase cars in the past decade. In […]
Precision NanoSystems Selects Location For New Biomanufacturing Centre
Vancouver’s Precision NanoSystems announced today the location of its new Genetic Medicine GMP Biomanufacturing Center in Vancouver. Precision NanoSystems will expand its global headquarters with a 75,000-square-foot facility currently under construction and slated for completion in Q4 2022. The new site will be located at 1055 Vernon Drive, in the Evolution Block building, in the […]
Sustainably-Led Homeware Brand Fable Raises $3.4 Million Seed Round
Vancouver’s Fable, the sustainably produced direct to consumer brand of tablewares, today announced the completion of $3.4 million seed round to fuel continued growth and increased development across several key business verticals. Last year Fable finished third in the New Ventures BC Competition and participated in Techstars Toronto. The round was led by True alongside […]
Yaletown Partners Announces Closing of New $200 Million Fund
Yaletown Partners has announced the first close of its $200 million Innovation Growth Fund II (IGF II). IGF II’s capital comes from a diverse group of leading institutional investors, including global pension funds, financial institutions, family offices, foundations, and a network of successful technology entrepreneurs. With the first closing of $130 million, the active Yaletown […]
Hootsuite Acquires Montreal’s Heyday For $60 Million
To kick off 2021 Vancouver tech anchor Hootsuite announced the acquisition of Sparkcentral, a messaging app-focused customer engagement platform that offers virtual agents and automated message distribution. Eight months later, they’re at it again. Hootsuite has acquired Montreal’s Heyday, a conversational AI platform that enables brands to deliver personalized customer experiences through 1:1 messaging conversations. […]
From Burnaby To Vancouver, Electronic Arts Confirms Future Tenancy On Great Northern Way
Burnaby-headquartered Electronic Arts (EA) confirmed today that they’re taking on ~150,000 square feet at 1077 Great Northern Way in the new False Creek Flats area. The award-winning building, which was completed in 2015, was previously occupied by MEC and is owned by Lululemon Founder Chip Wilson’s Lowtide Properties. It is one of a handful in […]
Rivian Plans To Double Vancouver Workforce To 150 By End Of 2021
It’s hard to miss Rivian in the mainstream news cycle these days. The electric vehicle automaker just raised a further $2.5 billion from Amazon, Ford Motors, and T. Rowe Price in advance of the planned September deliveries of its long-anticipated R1T electric pickup truck and R1S SUV. But did you know that Rivian just celebrated […]
Burnaby’s Teradici To Be Acquired by HP
Computing giant HP is acquiring Burnaby’s Teradici, an innovator in remote computing software that enables users to securely access high-performance computing from any PC, Chromebook, or tablet. Financial terms of the transactions were not disclosed. Core remote desktop software is a large and expanding segment, projected to grow at a 17% compound annual growth rate […]