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/PRNewswire/ Symend announced today that Co-Founder Tiffany Kaminsky has taken on the role of chief impact officer. The chief impact officer is a newly.
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Alberta is now home to more than 3,000 technology companies, a 233 per cent increase since 2012, according to a new report.
The report conducted by Alberta Enterprise Corp. in partnership with PwC also shows that Alberta’s tech sector, once made up largely of early-stage startups, is showing signs of maturity. According to the report, almost 40 per cent of tech companies in the province now have annual revenues of more than $1 million, a 66 per cent increase since 2018. Over the past two years, the number of tech companies with 25 or more employees has increased by 12 percentage points to 25 per cent.
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Having just raised $55 million at the growing tech firm Symend, company CEO Hanif Joshaghani is setting his sights on both domestic and international expansion.
The Calgary-based software firm opened an office in Australia last fall and is making plans for the business in Latin America and other major markets.
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Try refreshing your browser, or Varcoe: Symend growth shows tech sector gaining traction in Calgary Back to video
But Joshaghani expects to drive global growth and much of its new hiring from the company’s headquarters in Calgary.
“I make the joke internally that I can see this company getting bigger than our biggest oil companies. I see a future where we are a top-five biggest tech companies in Canada …that’s what we are driving towards, to build a category leader,” he said in an interview.
Calgary startup Symend raises US$43-million, hires hundreds, bringing hopes of tech revival to depressed oil patch Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Todd Korol/The Globe and Mail
Symend Inc., a Calgary startup that has become one of Canada’s most rapidly expanding technology enterprises serving big corporations, has raised an additional US$43-million in venture capital, just nine months after securing US$52-million from investors.
The financing was led by Inovia Capital, which also led last May’s round. Other investors include Ignition Partners, Impression Ventures, BDC Capital, Mistral Ventures, Plentyoffish.com founder Markus Frind and Matthew Schiltz, a former chief executive of DocuSign Inc.