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- 🏙️ $1.1 billion for Squamish company
🏙️ $1.1 billion for Squamish company
Yes, that says billion. Plus, find out which tech investment bank just opened its first office in Vancouver.
Kate Wilson
August 20, 2023
Last week I teased that Vancouver Tech Journal had a big announcement for a special guest we’re excited to bring to town, and…
…you only have to wait one more day to get your invitation. Keep an eye on your emails tomorrow morning to find out who we’re hosting and how you can get your tickets!
In the meantime, we’ve got a slate of big news you’ve missed, including which international tech investment bank has just opened a Vancouver office, and where the Generator startup tech hub has moved to next.
Now onto today’s briefing. It’s 1,105 words: a four-minute read.
-Kate, @KateWilsonSays
P.S. ☕ Join us and your community for Vancouver Tech Morning Coffee on Tuesday from 8:00 to 10:00 a.m. This week, we’ll be at the office of Entuitive Compliance (1040 W Georgia St #420). Register for free to let our hosts know you’re coming!
P.P.S. If someone else sent you this, you can subscribe right here, right now. If you’re already subscribed, become a member for only $8.25 a month (and you can ask your boss to expense it.)
We caught up with the Vancouver-based executive to discuss why the deal matters, and what comes next.
The plan, a vision for transforming Canada's electricity sector, was unveiled in Vancouver and featured discussions with local cleantech companies.
The Vancouver-based startup lets users train a robot to scrape any website in two minutes — with no code.
It’s a hot space for investment, and a complicated one, too. We spoke to a number of local funders to help demystify the industry. Members-only article.
Plus, two anchor companies released their Q2 financials, and nine other stories you may have missed. Read our top member briefing from last week. Members-only.
🤝 Funding and deals
Carbon Engineering was acquired for a massive $1.1 billion by U.S. oil and gas producer Occidental Petroleum to help it develop a string of carbon-capture sites it hopes will profit from tackling climate change.
Robotics company Novarc Technologies completed its Series A funding round with Caterpillar Venture Capital, the VC arm of the machinery giant.
IR Labs announced a strategic partnership with Connection Silicon Valley to support Canadian companies in expanding their reach, navigating the capital markets, and growing their businesses for the long term.
Horizon Blockchain Games, a Web3 company with a Vancouver hub, announced a strategic partnership between its offering — Sequence — and Planet Mojo.
B.C.-founded Tentarix Biotherapeutics and Gilead Sciences established three multi-year collaborations to discover and develop therapeutics for oncology and inflammatory diseases.
For all the local funding news, become a Vancouver Tech Journal member »
DevEngine connects North American innovation companies with Latin American tech talent, crafting superb and cost-effective software, data and cloud engineering teams. They also provide individual contributors to existing tech squads. Operating throughout Latin America, their main base is in Vancouver, renowned for its dynamic tech community and entrepreneurial mindset. Learn more at Devengine.ca
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🗞️ In other news
Nimbus Synergies, an early-stage health technology investor and mentor, announced it’s relocated its Generator startup hub to West Broadway and Oak.
Boast AI has introduced an AI-enabled way to classify relevant projects to help SMEs access more of the billions in R&D tax credits that go unclaimed each year.
Local media giant BBTV announced its Q2 2023 financial results, ending the quarter with $14.4 million in cash, compared to $22.8 million the same time last year.
Thinkific — an online course-creation platform — launched the ability for its customers to get their own mobile app, customized in their own branding, which is built and maintained by the company.
Wearable tech outfit Form announced a highly-requested integration with TrainingPeaks.
For all local news and our daily coverage, become a Vancouver Tech Journal member »
As a trusted Vancouver-based partner, Starboard Recruitment works with companies ranging from early-stage startups to multi-billion dollar tech organizations to find them the top engineering and product talent that they need. Connect on LinkedIn today.
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💡 Ideas and insights
Ian MacKinnon, CTO of Later and Mavrck, shares lessons he learned building Later on the It Shipped That Way podcast.
Keith Ippel, co-founder of Spring Impact Capital, shared his thoughts on one of the post powerful tools in fundraising.
Ryan Wong — CEO, president, and founder at Visier — writes about how he thinks AI will will make HR more human, not less.
James Armstrong, the VP of engineering at MediaValet, writing on his blog: What team compositions should I be using to achieve my goals?
Diana Fusther, UX and UI designer at TTT Studios, discusses how to get out of a creative digital design rut: Get inspired with these preliminary research tips.
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