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 […]
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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 […]
Security Startup to Screen Fans at Rogers Arena Using AI
According to a report in the Vancouver Sun today, fans entering Rogers Arena could be early test subjects for one company’s bid to screen sports fans upon entry. Vancouver-headquarted Liberty Defense Technologies (TSX: SCAN) will use advanced radar, 3D imaging and AI to unobtrusively screen sports fans as part of a Memorandum of Understanding it […]
Tiny Acquires Top Shopify Partner Pixel Union From Teligence Capital
Victoria’s Tiny Capital has re-acquired a majority stake in Pixel Union, a leading partner in the Shopify ecosystem. Tiny Capital sold a majority stake in Pixel Union to Teligence Capital in 2014. So, this week’s announcement is a bit of a homecoming. Pixel Union started out building themes for Tumblr in 2008, but after witnessing the growth […]
3 Vancouver Startups Win at Fundica Roadshow
The 2019 Fundica Roadshow hit the city on April 4th for their first regional event in Vancouver. Sixteen startups, representing industries ranging from femtech to greentech, pitched to a panel of investors from iNovia, Panache Ventures, BCF Ventures, VFF VC, Framework VC, Vanedge Capital, Active Impact Investments, and R&D Capital. At the end of the […]