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PayShepherd secures $700,000 to expand its contractor billing solution across Canada, US
Calgary-based FinTech startup PayShepherd has raised a $700,000 CAD pre-seed round to meet growing demand for its contractor billing software.
The round, which represents PayShepherd’s first external funding, was led by James Lochrie of Thin Air Labs and Accelerate Fund III (which is managed by Yaletown Partners with the support of the A100). It also saw participation from Tribune Capital, Strategic Equities Group, Stagecoach Partners VC, Neil and Pam Danroth, as well as Gordon Cameron, partner at McCarthy Tetrault.
“We’ve all been in our users’ shoes at some point in our careers, so the technology we’ve built is for them.”
Today in funding: Botpress, Sherpa, Kinetyx, Realize Medical, G2V Optics, Solvera Solutions
Six Canadian startups have recently announced fresh funding rounds to fuel their growth. Here’s the latest on who raised, how much, from whom, and what they’ll be putting the new funds toward.
Botpress lands $15 million Series A
Botpress, a Québec City-based startup that aims to help developers build conversational-based apps, has raised a $15 million Series A round of funding.
The round was led by venture firm Decibel with participation of Inovia Capital, Panache Ventures, Real Ventures, Hike Ventures, One Way Ventures, Fonds Innovexport, and Boxone Ventures. Decibel’s Jon Sakoda will join Botpress’s board of directors as part of the deal.
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Fast-growing Edmonton startup helps get new drugs to market sooner
An Edmonton startup has become the world’s largest pharmaceutical knowledge database, through research that began at the University of Alberta.
DrugBank offers a one-stop shop for curated scientific data on thousands of drugs, including molecular details, chemical structures, targets and proteins, as well as clinical information on side-effects, interactions with other drugs, allergies, synonym names, availability and more. The company already has more than 20,000 drugs in its database, with a focus on approved drugs or those in clinical trials.
In just five years, the startup has become one of the fastest-growing in Edmonton, going from two employees in 2016 to a current count of 43. Revenue has increased 300 per cent and despite the uncertainty created by the COVID-19 pandemic DrugBank’s fundraising round last year ended 20 per cent above target, with financial support from venture capitalists and
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DrugBank founders Craig Knox (left) and Michael Wilson say the innovative idea behind their fast-growing company, which provides the world’s largest database of pharmaceutical information, started out as an undergraduate research project at the U of A. (Photo: Supplied)
An Edmonton startup has become the world’s largest pharmaceutical knowledge database, through research that began at the University of Alberta.
DrugBank offers a one-stop shop for curated scientific data on thousands of drugs, including molecular details, chemical structures, targets and proteins, as well as clinical information on side-effects, interactions with other drugs, allergies, synonym names, availability and more. The company already has more than 20,000 drugs in its database, with a focus on approved drugs or those in clinical trials.