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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.
Pakistani startup Safepay secures funding from Stripe and others: report
By
Safepay was founded in 2019 by Ziyad Parekh and Raza Naqvi
Duo had launched their beta product in 2019 and was quickly able to provide online payment services to more than 300 merchants in Pakistan
Safepay to relaunch services after finding right financial partners
Pakistani startup Safepay has managed to raised seed fund of seven figures (USD) from global financial technology platform company Stripe and others reported
The Karachi-based startup told the publication that they were able to raise funds in seven figures but did not disclose the exact amount that they were able to accumulate from local and international investors.
Maxim Vlasov
Radio promotion veteran
Joe Riccitelli, who departed his role as co-president of RCA Records earlier this month, has launched
Gold n Retriever Entertainment, where he will work on new projects from RCA artists Miley Cyrus and Justin Timberlake, among others. I have been blessed that over the past 22 years I have been surrounded by some of the most talented artists and a passionate label family, Riccitelli told RAMP in a statement announcing the new venture. “I led promotional efforts on over 100 No. 1 songs, including 45 No. 1 songs at Top 40 alone, ranging from the incredibly successful from the gritty independent label that was Jive to the powerhouse company RCA has become over the past 11 years. I m so thankful the opportunities that were afforded me when Barry Weiss hired me to join Jive Records in 1999. I m grateful to continue working with RCA artists and beyond as I launch Gold n Retriever Entertainment.”