Vancouver’s ePACT Network has secured a $2.5 million growth capital financing round from CIBC Innovation Banking. According to funding announcement, the debt capital complements a recent Series A equity raise co-led by Disruption Ventures and Yaletown Partners. Launched in 2012, ePACT is an online emergency preparedness network allowing users to build support networks, securely store […]
News
BuildDirect Co-founder Jeff Booth Releases First Book
BuildDirect co-founder and Vancouver entrepreneur Jeff Booth has released of his first book titled The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future. In a sweeping analysis that draws upon economics, science, innovation, politics, psychology, sociology, and business, Booth offers an intriguing thesis predicated on the deflationary impact of technological advances […]
Elastic Path Acquires Fellow Commerce Technology Leader Moltin
Vancouver’s Elastic Path has acquired fellow commerce technology leader Moltin. Moltin’s employees have joined Elastic Path, including engineering, customer support, sales, marketing, and operations. Elastic Path will also maintain Moltin’s U.S. and U.K. offices in Boston and Newcastle. The acquisition comes as global demand grows for extensible, flexible, and scalable enterprise commerce solutions and bolsters […]
APOLLO Partners with Navacord for Digital Insurance
APOLLO has partnered with Navacord, a leading Canadian insurance and risk management brokerage to provide innovative products and technology to its more than 900 insurance professionals across Canada. Navacord will begin to utilize the APOLLO Exchange technology platform that enables brokers to instantly transact insurance online. “Navacord is broker-focused, forward thinking, with a strong entrepreneurial […]
Bootstrapped ToursByLocals Secures $33 Million Investment
Vancouver’s ToursByLocals announced today it has secured a $33 million investment from Austin, Texas-based investment firm Tritium Partners. Founded in 2008, TourByLocals has bootstrapped itself to become the world’s leading online marketplace for private tours. Tritium is an investor in RVshare, and its founders previously led investments in vacation rental giant HomeAway. ToursByLocals will use the investment to […]
Aspect Biosystems Raises $20 Million for 3D Printing of Human Tissue
Vancouver’s Aspect Biosystems today announced a US $20 million Series A financing round led by Radical Ventures with participation from investors Pangaea Ventures, Pallasite Ventures, and Rhino Ventures. Aspect is a biotechnology company pioneering microfluidic 3D bioprinting of human tissues and will use this capital to advance multiple tissue therapeutic programs, expand its technology platform […]
Fusion Genomics Receives $1 Million for Clinical Study
Vancouver’s Fusion Genomics has been awarded a one-year, $1 million grant to evaluate novel genomic diagnostics platform in collaboration with Sunnybrook Research Institute. The one-year project will evaluate the ability of ONETest, a highly sensitive, cost-effective next-generating sequencing (NGS)-based assay for infectious disease diagnosis, to identify pathogens responsible for respiratory tract infections (RTI) in a […]
BasicGov Pays Back TIMIA’s Founder-Friendly Capital
TIMIA Capital’s “frictionless SaaS financing” promises to allow entrepreneurs to grow their business without giving up control. Founder-friendly capital is becoming more common and popular thanks to creative specialty finance companies and, more recently, media darlings like Toronto’s Clearbanc who are offering non-dilutive, revenue-share agreements to fund startup growth. TIMIA is an early pioneer of […]
Lendesk Launches Purpose-Built Mobile Application for Brokers
Vancouver’s Lendesk has launched the Lendesk Spotlight mobile application, a first of its kind, purpose-built tool for Canada’s mortgage industry professionals. This launch comes on the heels of Lendesk’s acquisition of LenderSpotlight late last year and the now complete integration of LenderSpotlight into Lendesk’s existing platform. Leveraging Lendesk’s core desktop functionalities, including Spotlight Search (Product Pricing […]
Damon Motorcycles Wins CES 2020 Innovation Award for Hypersport
Damon Motorcycles‘ flagship Hypersport electric motorcycle has won a CES 2020 “Best in Innovation” award for its cutting-edge technology designed to make motorcycling safer and smarter than ever before. The annual CES innovation Awards Program honors outstanding design and engineering in a multitude of consumer technology product categories and distinguishes the highest rated in each […]