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Thinkific grew revenues by 152 percent in first quarter of 2021

Thinkific grew revenues by 152 percent in first quarter of 2021
Vancouver-based EdTech firm Thinkific managed to increase its revenues by 152 percent year-over-year in the first quarter of 2021, according to the company’s recently released financial results.
“The company’s strong financial results this quarter are a testament to the success of our customers.”
Thinkific’s Q1 2021 results are the first fiscal update provided by the company since it closed its initial public offering (IPO) and began trading on the Toronto Stock Exchange (TSX) on April 27. The Q1 results do not include Thinkific’s proceeds from the listing as it occurred after the end of Q1, March 31. ....

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Business Enablement Vs. Data Access Security: It's No Longer Either/Or

Business Enablement Vs. Data Access Security: It's No Longer Either/Or
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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US chip startups, long shunned in favor of internet bets, stir excitement again

US chip startups, long shunned in favor of internet bets, stir excitement again
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Last Updated: May 05, 2021, 05:22 PM IST
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Synopsis
The enthusiasm for chip startups is mostly a result of the need, by companies using AI software, for special-purpose processors that can efficiently run machine-learning algorithms requiring huge troves of data - the heart of the booming artificial-intelligence business
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Silicon Valley venture capitalists, long focused on software and internet companies, are again pouring money into the semiconductor industry, lured by the promise of a new generation of artificial-intelligence chips that could challenge incumbents like Intel Corp and Nvidia Corp. ....

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Following full exercise of over-allotment option, Thinkific IPO reaches $184 million

Following full exercise of over-allotment option, Thinkific IPO reaches $184 million
Vancouver-based EdTech startup Thinkific’s initial public offering (IPO) now totals $184 million, after the deal’s underwriters exercised an over-allocation option that was part of Thinkific’s offering.
More recently, Thinkific launched an app store for course creators, a notable move for the company.
Last week, the Vancouver-based EdTech company closed its initial public offering at $160 million, issuing 12,310,000 subordinate voting shares at a price of $13 per share. The over-allotment option allowed underwriters to purchase an additional 1,846,500 subordinate voting shares at a price of $13 per share. The underwriters have exercised this option in full. ....

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Information Venture Partners closes third fund, raising $124 million CAD

Information Venture Partners closes third fund, raising $124 million CAD
Toronto-based venture capital firm Information Venture Partners (Information VP) has closed its third venture fund, securing around $124 million CAD ($101 million USD).
Information VP’s Fund III has been backed by a group of limited partners that have invested in its firm since its inception. Information VP did not disclose the names of its LPs. The firm noted the fund’s financiers also include “the five largest institutional fund of fund investors that support the Canadian venture capital ecosystem,” four of Canada’s six largest banks, other large financial institutions and insurers, and “executives from leading fintech companies.” ....

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