Vancouver’s own Clio has become a company to watch on a global scale. After raising a Series B investment back in 2012, to the tune of $6 million, they followed up two years later with a sizeable Series C investment of $20 million. Then, in 2019, a monstrous Series D round—valued at more than a […]
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Trulioo Closes Massive Series D Round At $1.75 Billion Valuation
Vancouver-born Trulioo has completed a $394 million Series D round at a massive $1.75 billion valuation, joining the city’s growing stable of unicorns. Trulioo is a global identity network enabling companies to reliably onboard customers in a digital-first world. For Trulioo’s customers, this speeds international expansion, mitigates fraud risk, and ensures regulatory compliance. Over past […]
Connecting The Dots: May 2021
Each month, Kathleen Reid (Founder + Managing Director at Switchboard Public Relations) connects the dots between the trends, headlines and narratives that are informing the BC tech sector. This month, she sheds light on how Launch Academy, entrepreneurship@UBC and Vancouver Startup Week made May a month to remember for the province’s next generation of innovators. […]
Launch Academy Giving Away $100K In Scholarships To Aspiring Entrepreneurs
The past year have been difficult for a lot of people, but in particular for the younger workforce. Launch Academy is stepping up to help out. Ray Walia & Launch Academy are giving away $100,000 worth of scholarships for their online Launch Your Startup program for up to 300 aspiring entrepreneurs who have found themselves […]
Procurify Lands Two Seasoned Tech Executives to Expedite Growth
Vancouver’s Procurify announced today that they have landed two significant hires from Canadian tech unicorn ApplyBoard and Amazon Web Services (AWS). Alicia Bedard, the former Senior Director of Marketing at ApplyBoard, has joined Procurify as the VP Marketing. Manohar Ganesan, former Senior Product Manager at Amazon, has joined as the VP Product and Engineering. Procurify […]
Vancouver-born Thinkific Opens TSX With $1 Billion Valuation
Vancouver’s Thinkific virtually rang the opening bell at the Toronto Stock Exchange (TSX) today to celebrate the company’s first day of public trading. Listed under the ticker symbol “THNC”, Thinkific shares opened at $13.50 and have risen as high as $15.37 today giving Thinkific a market capitalization of $1.18 billion and making it the second […]
High Tax Rates, Housing Costs Make B.C. Less Attractive For Tech Industry
The Fraser Institute has got some advice for governments across British Columbia. According to Steven Globerman, a Senior Fellow at the Vancouver-based think tank, if British Columbia wants to attract more tech companies and encourage entrepreneurship, they must implement significant policy changes to make the province more attractive to entrepreneurs and high-skilled workers. “The vision of […]
Fraction Raises $289 Million, Takes Aim At Reverse Mortgages
Vancouver’s Fraction Technologies has raised $289 million in a combination of equity and debt financing from Impression Ventures, Primetime Partners, Global Founders Capital, and Panache Ventures, among others. In contrast to reverse mortgages and home equity loans, Fraction’s flagship product, the Fraction Appreciation Mortgage, has no monthly payments. Instead it offers a reasonable interest rate […]
Canadian Technology Sector M&A Activity Accelerates Into 2021
As a tumultuous 2020 comes to a close, Canada’s technology sector is decidedly on the radar for U.S., international and domestic strategic and financial buyers. The latter half of the year has witnessed a significant increase in technology merger and acquisition (M&A) transactions, with a variety of important trends driving increased activity. In this article, […]
Silicon Valley May Not be King for Much Longer
As the Tech Scene Globalizes, Canada Opens its Door to Professionals Around the World When was the last time you did a deal over a restaurant meal? It’s probably been a while. Thanks to COVID-19, the era of schmoozing your way to the top of the Valley is gone—and it’s about time. With executives and […]