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Allegis Capital, Leading Silicon Valley VC, Becomes a Strategic Partner of New Frontier Capital Management International
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New report indicates potential investing gap for BC’s early-stage startups
A new analysis by Hockeystick of British Columbia’s deal activity for 2020 shows a gap in early-stage startup funding.
Hockeystick’s BC Tech Report looks at how the province’s tech ecosystem fared in terms of deals and dollars, with data sourced through exclusive partnerships with organizations like the Canadian Venture Capital and Private Equity Association (CVCA). Hockeystick also compiles data from startups using its platform, as well as public data sources.
In 2020, BC saw general capital support across all stages. Early-stage deals accounted for 31 percent of all deals, while Series A deals accounted for 20 percent, and late-stage deals accounted for 40 percent. Since Hockeystick’s Q2 2020 report, there has been consistent late-stage activity for the region.
Healthcare Specific AI Platform Lumiata Raises Series B Funding
No-code products speedily predict underwriting and actuarial factors enabling extreme risk reduction and cost savings for healthcare companies
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SAN MATEO, Calif., Jan. 14, 2021 /PRNewswire/ Lumiata, the healthcare-specific AI platform, announced today that it has completed $14 million in Series B funding, led by
Defy.vc and AllegisNL Capital along with existing investors
Lumiata CEO, Dilawar Syed
Lumiata takes disparate healthcare-specific datasets and has them machine learning-ready within weeks. Once the data is analyzed using AI, Lumiata is able to identify underwriting risks, surface opportunities to reduce costs, and enable better care by providing reliable predictions to patient outcomes. Lumiata is the only AI platform able to make predictions down to the individual member level while protecting members privacy.
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