A strong economy and a clean environment go hand-in-hand. That’s why the Government of Canada is supporting the development of technologies that lead to less pollution, healthier communities and the creation of well-paying middle-class jobs. Today, the Honourable Carla Qualtrough, Minister of Public Services and Procurement and Accessibility, on behalf of the Honourable Navdeep Bains, Minister of […]
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Mobile Bike Shop Operator Velofix Rides Off With Funding
Velofix has closed a financing round with MKB Partners Fund LP, a growth equity fund focused on the clean energy, transportation, and smart city sectors. MKB’s investment will help North America’s leading Mobile Bike Shop operator expand their geographic footprint, enhance its technological backbone, scale its marketing efforts and generally support velofix’s growth. Cycling industry […]
PDFTron Secures $95 Million Round Led By Silversmith
Vancouver’s PDFTron Systems has secured a $95 million investment led by Silversmith Capital Partners, a Boston-based growth equity firm. PDFTron’s software development kit (SDK) is used by hundreds of enterprise customers around the world to enable digital transformation initiatives by providing a comprehensive document processing, conversion, and collaboration platform. This investment comes as the company […]
Vancouver-born Fintech Startup Koho Raises $42 Million
Now Toronto-headquartered KOHO announced today that it has closed a $42 million fundraising round led by Portag3 Ventures, including Greyhound Capital and other strategic investors. KOHO will use this investment to further accelerate its growth and build new products and services. The announcement comes as the Vancouver-born fintech startup continues to see rapid growth. In […]
ACL Rebrands to Galvanize
Founders Harald and Hart Will launched ACL back in 1987 – a time when floppy disks were the height of technology, gas was only 89 cents per gallon, and President Reagan famously demanded “Mr. Gorbachev, tear down this wall.” Over the years ACL has evolved from “the analytics company” into an analyst-recognized risk management, compliance, […]
Cybersecurity Startup Kobalt Raises $1 Million Round
Cybersecurity startup Kobalt has raised a CAD $1 million round led by its co-founders, Pankaj Agarwal and Michael Argast, and including Version One Ventures. Version One’s Boris Wertz is both a co-founder and an investor in Kobalt. The Vancouver-based company aims to bring the monitoring capabilities of enterprise-class security teams to smaller organizations. The company […]
LightIntegra Raises $6.9 Million for Blood Analyzer Tech
Vancouver’s LightIntegra Technology has raised a $6.9 million Series A round led by Genome BC and Boardwalk Ventures and including Tower Beach Capital, Coleco Investments, and Quimby Investments. The company intends to use funding to bring its test to the US market. LightIntegra has advanced ThromboLUX, a non-invasive, five-minute, easy-to-use optical test that assesses platelet […]
Vancouver’s Lendesk Acquired by Quicken Loans’ Parent
Rock Holdings, the parent company of Quicken Loans, has acquired a majority stake in Vancouver’s Lendesk , a fintech startup that provides technology to connect mortgage brokers with the country’s top lenders. Quicken Loans is the United States’ largest mortgage lender. This is the second investment Rock Holdings has made in Canada over the past two years. In 2017, Rocket […]
Vancouver Venture Deals Highlight Cascadia’s First Quarter
Troy DeFrank’s Crosscadia has published their quarterly summary of investment activity in the Pacific Northwest. According to DeFrank, the region saw a bit more geographic balance in investment activity during Q1 of 2019, while overall more capital went into fewer deals compared to Q4 of 2018. The median deal size in British Columbia was $2.48 […]
Spexi GeoSpatial Wins Top Prize at SFU’s Largest Entrepreneurship Competition
Spexi GeoSpatial has won SFU’s largest entrepreneurship competition. The Vancouver-based startup aims to empower organizations by using drone technology to deliver aerial intelligence at scale. Spexi GeoSpatial’s cloud-based platform provides a streamlined end-to-end solution that automates drone flights, photogrammetric data processing, and geospatial data analysis. Spexi GeoSpatial emerged from a slate of promising early-stage SFU […]