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Expeto Completes $10 Million Financing to Advance its Enterprise First™ Private Mobile NeXtworking™ Platform
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Alberta tech firms attract record $455M in venture capital in 2020, report says
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Symend eyes global markets with $54 million CAD Series B extension led by Inovia
Fuelled by growing demand for its customer engagement platform for financially at-risk customers, Calgary-based Symend has secured a $54 million CAD ($43 million USD) Series B extension to satisfy telecommunications and financial institutions globally.
The round comes eight months after Symend secured $73 million CAD ($52 million USD) as part of its original Series B round, which clocked-in as one of the largest such rounds in recent Alberta history. The extension furthers that narrative, with Symend’s Series B now totalling $127 million CAD. The new financing brings Symend’s total funding to date to around $130 million CAD.
Ottawa’s Mistral raising nearly $50-million fund to capitalize on post-COVID opportunities Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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One of Canada’s few prominent “seed-stage” technology venture capital firms, Ottawa’s Mistral Venture Partners, is closing in on its goal of raising $50-million for its third fund to back startups hoping to reshape the postpandemic economy.
Mistral, led by veteran venture capitalist Code Cubitt, was set to start raising the fund last March, but delayed plans as the pandemic took hold. However, Mr. Cubitt said he went back out two months later at the behest of his anchor investor, Business Development Bank of Canada. So far, Mistral has raised $41-million for the fund – including backing from BDC and fund-of-funds investor HarbourVest
As his fast-growing tech firm continues its rapid scaleup journey, Ottawa’s Mike Potter says he welcomes the heightened expectations that come with making a market splash.
Potter, the CEO of data protection software firm Rewind, makes his point using an example from another business where there’s a lot on the line: professional sports.
The engineer-turned-entrepreneur recently watched an episode of the Netflix documentary series
The Playbook that focused on Doc Rivers, the new coach of the NBA’s Philadelphia 76ers. Rivers’s philosophy of dealing with pressure instantly hit home with Potter.
“His attitude is exactly what I want my company to take, which is, you embrace (pressure),” says the rising tech exec, who co-founded Rewind with software engineer James Ciesielski.
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