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Despite small decline in deals, Waterloo Region remained a healthy startup ecosystem in 2020
Waterloo Region startups raised $689.6 million for all of 2020 up 107 percent over 2019, according to Hockeystick’s latest ecosystem report for the region.
The overall funding was driven by three notable deals in the region, including Faire, which raised $222 million, Miovision, which raised $120 million, and ApplyBoard, which raised a $100 million Series C in May 2020 and a $70 million extension following investor interest five months later. ApplyBoard and Faire also represented two sectors that saw a boom as COVID-19 forced businesses to embrace online services: retail and EdTech.
Wholesale marketplace Faire, which is headquartered in Silicon Valley with an office in Kitchener, managed to push the marketplace vertical to the top of funded areas, followed by SaaS, healthtech, analytics, and AI. Even with Faire’s $222 million round removed from the quarter’s tota
Posted: Feb 08, 2021 2:37 PM ET | Last Updated: February 8
A grassroots group of local healthcare workers and thinkers are using spit and saline rinse to test for COVID-19 and want to pilot the tests with as many interested workplaces as possible around Waterloo region.(Yves Herman/Reuters)