At a recent event BC Tech asked our members who sell products, solutions and services into non-tech businesses which industry is most advanced in its adoption of technology. Unsurprisingly, Finance, Insurance & Real Estate led the way, but it was good to see Manufacturing, Construction & Transportation as fast followers. This aligns with what we […]
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Almanac Unveils Key Hire on Mission to Innovate Agriculture in Canada with A.I.
Almanac this week announced Chad Jennings as the recently rebranded firm’s latest key hire. The Vancouver-based agricultural intelligence platform, founded in 2010 as Semios, has brought on board Jennings as Vice President of Product management. With a Ph.D. in Aeronautical and Astronautical Engineering from Stanford University, Dr. Jennings has over 20 years of experience in […]
Rhino Ventures Supports MyFO as Local Startup Rethinks Wealth Management
MyFO has received investment through Rhino Ventures, the Vancouver companies recently announced. Family offices and ultra-high-net-worth individuals manage trillions of dollars—more than the entire hedge fund industry. The number of family offices has tripled since 2019 to more than 10,000 worldwide. Despite this scale, management of these assets is often riddled wth inefficiencies, argues MyFO. […]
B.C. is Battling a ‘Continuous Decline in Investment Activity,’ CVCA Report Finds
In the first half of 2024, venture capital investments totalled nearly $3.6 billion across almost 300 deals, as blood slowly returns to a pale Canada. Despite the lowest deal volume since 2020, average deal size continues to grow, reflecting investors’ focus on companies with proven track records and strong fundamentals, according to the CVCA’s H1 […]
Gumloop Raises Seed Capital to Fuel Platform Offering Drag-and-Drop AI Workflows
A startup launched out of Vancouver last year this month closed a seed round. Gumloop, an AI automation platform, announced the $3 million round led by by First Round Capital with participation from Y Combinator, Theory Forge Ventures, Ludlow Ventures, and a variety of angels including Max Mullen, Arash Ferdowsi, Andrew Ofstad, Immad Akhund, and […]
UniUni Secures USD $70M in Capital Over Four Months to Fuel Future of Delivery
UniUni ranked fourth in the Globe and Mail’s 2023 list of top growing Canadian companies, with a three-year growth rate of more than 12,000 per cent. Nice, but not enough for founder and chief executive officer Peter Lu, who carries an ambitious goal for his company: Achieve the famed $1 billion “unicorn” status by 2025. En […]
A Leaner Thinkific Posts Quarterly Profit Amid ‘Significant Momentum’ for Firm
In early 2023, we reported on Thinkific’s journey toward profitability following multiple waves of layoffs. “Profitability is in sight,” Greg Smith, cofounder and chief executive of Thinkific, stated last year, months after the firm laid off 20% its staff. Founded in 2012, Thinkific went public in 2021 on the Toronto Stock Exchange under the ticker […]
Thinkific Labs and Jon Youshaei Launch Accelerator to Help Creators Succeed
Last year, Jon Youshaei unveiled a partnership with Vancouver-based Thinkific Labs. “I’ll take you under my wing and share the tools, tips, and templates to build a real business as a creator,” the speaker and journalist stated in December. Interest in Youshaei’s ‘Inside Accelerator’ course garnered a waitlist. Those waiting can now breath a collective […]
Struggling with Financials, Nexii Building Solutions Seeks an Exit
Momentum has ground to a halt for a Vancouver-based designer and manufacturer of sustainable building products. Climate Smart company Nexii Building Solutions, which has recently been collaborating on projects, apparently has a lot of debt that it is struggling to pay off. Despite targeting a huge market—the building and construction industry accounts for 37% of […]
With ‘Complete Coverage of Canada’ Achieved, UniUni Eyes US Market
UniUni founder and CEO Peter Lu has an ambitious goal for his company: Achieve the famed $1 billion “unicorn” status by 2025. En route this track, the Richmond-based delivery technology upstart last year raised $20 million in Series B financing from Celtic House Venture Partners, Freshwave Capital, and others to power a logistics platform that […]