Tag: Canada

03
Feb

Sensibill welcomes Tom Shen as chair of the board

TORONTO, Feb. 03, 2020 — Sensibill announced today that digital banking veteran Tom Shen has been appointed chair of the board. Shen is joined on the board by Corey Gross, co-founder and CEO of Sensibill, David Unsworth, general partner at Information Venture Partners, and Benji Sucher, general partner at Radical Ventures.

Shen’s addition to the board is part of a series of executive appointments designed to help the company fulfill its mission of powering financial institutions with innovative solutions that drive customer value and engagement, while expanding the data streams financial institutions need to forge deeper relationships. Sensibill secured $31.5 million USD in Series B funding in 2019 to further support this initiative. The round was led by Radical Ventures, with participation from the National Bank of Canada and others. Radical Ventures is focused on applying data and AI on a global scale; their involvement adds a deeper layer of data expertise that is complemented by Shen’s digital banking experience.

Shen is a proven expert at scaling digital banking services for financial institutions. He was the founder and CEO of digital banking solutions provider Malauzai, which he sold to Finastra in 2018. Finastra attributed the company’s market leadership and open approach as part of its purchasing decision. In 2005, Shen joined the executive team at Digital Insight, an internet banking and payments provider ultimately acquired by NCR Corporation (NYSE: NCR). The first company he founded was Software Dynamics, Incorporated (SDI), a provider of teller and platform automation software that grew to work with more than 1,200 financial institutions before it was sold to S1 Corporation in 2001. The business was later acquired by ACI Worldwide (NASDAQ: ACIW).

“Sensibill is at the precipice of a major breakthrough,” commented Shen. “The company has joined forces with some of the world’s leading financial institutions, and they are highly proficient in a market that is ripe for change. Customers have become accustomed to personal and on-demand service from their experiences with big tech; Sensibill’s use of purchase data and AI expertise makes these user experiences readily available to financial institutions.”

Gross added, “There are only a handful of digital banking innovators of the caliber of Tom Shen. His success building and delivering game-changing digital solutions for financial institutions has been proven time and again. We’re excited to have him join Sensibill as we endeavor to make banking more personal.”

Sensibill has raised a total of $46.5 million USD and has partnered with the largest financial institutions and digital banking providers in the U.S., the U.K., and Canada.

21
Jan

Leading tech firm Q4 announces expansion plans into Hamilton, along with over 140 new tech jobs

Q4 Inc.’s new Hamilton Office

January 21, 2020 (HAMILTON, ON) – Adding to the momentum behind Hamilton as one of Canada’s fastest-growing tech cities, Q4 Inc. has announced it will be expanding into the up-and-coming hub this year, creating 140 new jobs in the city. Hamilton has been gaining traction as a rising tech centre and an ideal location for innovative companies to establish operations.

Attracted by Hamilton’s tech talent pool, affordability and quality of life, Q4’s new office will be located in the heart of downtown Hamilton.

“We’ve been watching Hamilton’s tech growth closely, and we believe it’s well on its way to becoming one of the largest tech hubs in Ontario. Our goal is to become the leading tech employer in this city,” says Darrell Heaps, CEO of Q4. “Hamilton offers all the right elements for our employees. It’s affordable, has fantastic restaurants, vibrant nightlife, a great arts scene, and offers active green space nearby. It’s also within close proximity to our headquarters in Toronto, providing easy knowledge-sharing across both offices.”

Q4 will occupy the entire 9,500 sq. ft. second floor of a new four-storey brick-and-beam office at 59 King St. E, scheduled to open in March. By the end of 2020, Q4 plans to expand to the fourth floor of the same building, occupying an additional 7,500 sq. ft.

The new space is part of downtown Hamilton’s heritage revitalization and offers a flexible, open concept and adaptable workspace that encourages collaboration. Amenities within the office reflect the company’s culture of employee wellness and creativity. The space features an auditorium-style space for meetings, wellness room, games room, space for bike racks and on-site shower facilities, as well as an outdoor patio during the summer months.

 Hamilton is the fastest-growing mid-sized city in Canada for tech talent, with its tech sector growing nearly 53 per cent over the last five years. This booming industry is helping spur Hamilton’s downtown renewal.

“As our tech sector continues to grow, we’ve been working hard to cultivate and retain creative and skilled workers in our city. Q4’s expansion into Hamilton is a testament to our city’s incredible quality of life, strong tech ecosystem, and unique, affordable office space not found elsewhere,” says Judy Lam, Manager of Commercial Districts and Small Business at the City of Hamilton.

Headquartered in the trendy downtown Toronto neighbourhood of King West with offices in New York, Copenhagen and London, Q4 currently employs 250 people worldwide. Specializing in investor relations solutions, Q4 has experienced tremendous growth within the past few years, announcing major recent partnerships with S&P Global Market Intelligence, and Business Wire and doubling its client base to 2,200 within the past few months alone.

As part of its aggressive growth strategy, Q4 plans to hire over 140 people over the next 12-18 months with approximately half of those hires happening over the next three months. Q4 aims to fill a wide range of positions including web developers, quality assurance specialists, implementation managers and data entry coordinators.

Q4 is planning to partner with local post-secondary schools, including McMaster University and Mohawk College, to help further develop the talent pipeline locally. The company will host a career fair on February 7 for both professional hires and recent graduates. The career fair will be held from 5-7pm at 12 James St. North on the second floor.

15
Jan

Supercluster Scale.AI has chose 14 projects, invested $32 million since receiving funding

Scale AI has publicly invested more than $32 million to date into 14 projects, with the hopes of accelerating the adoption of artificial intelligence (AI) within Canadian companies.

Scale AI was awarded $230 million from the federal government in December 2018 through the government’s Supercluster initiative. It received an additional $23.4 million in July from the Quebec government.

The recently announced projects are being conducted by nine companies and include more than 40 partners.

The various projects supported by Scale AI span a number of sectors including shipping to retail, aeronautics, healthcare, and supply chain, but all focus on adopting AI or machine learning into existing practices. After a call for applications in June, Scale AI has chose to invest in a cross sector of startups, corporations, thought leadership groups.

The Montreal-based Supercluster group announced the first projects to receive funding shortly following its call for applications – alloting a combined $5.1 million to four supply chain-focused projects.

More recently, Scale AI revealed it has invested another $27 million across 10 additional projects. The funding is broken down by $22.6 million from the Government of Canada and $4.2 million from the Government of Quebec.

Scale AI’s investments are made on the basis of companies making their own matching contributions. According to Scale AI, the combined total of capital committed to the 10 projects amounts to $75 million.

The recently announced projects are being conducted by nine companies and include more than 40 partners. The largest sum of capital was handed to Air Canada, which is leading two projects. Air Canada received $12 million from Scale AI, and $31.1 million overall, for a project using machine learning to optimize value chain and revenue management, and another implementing AI in its cargo operations.

Canadian startups that received funding include Rubikloud, which has developed AI software for enterprise retailers; AlayaCare, which recently raised $47.9 million CAD; Quebec City-based virtual, augmented, and mixed reality company OVA; open-source graphing-focused Plotly; and simulation software startup Stream Systems.

Ravel by CF, a startup spun out of commercial real estate giant Cadillac Fairview, which announced its investment from Scale AI in December, is also included in the 10 projects. Ravel received $4.8 million from the Supercluster and $13 million overall.

Other companies that received capital from Scale AI include Coveo, which recently raised $227 million CAD. Coveo is leading a project on cognitive supply chains and received $2.8 million from Scale AI and $10.8 million overall.

More information on the projects, partners, and what they are working on can be found here.

11
Dec

ScribbleLive acquired by Brazil based Rock Content

Brazilian content marketing startup Rock Content has announced the purchase of US sector player ScribbleLive, creating one of the largest companies in the segment in the Americas.

The buyout, announced exclusively to Forbes, is the continuation of the company’s international expansion, which began in 2017 with the launch of operations in Mexico. With the addition of ScribbleLive (SL), which has offices in Boca Ratón and Toronto, the enlarged Rock organization will boost its 400-strong workforce with about 100 employees. The two companies combined have a freelancer base of about 80,000 professionals.

The new company also brings a client portfolio that includes names like Red Bull, Cisco, FedEx, Dell, Reuters, Deloitte and American Express. Some of the organizations in this consolidated portfolio of over 2,000 customers that were existing clients, such as Oracle, will be catered for with services in Portuguese, Spanish and English, as well as other content-related products offered by the group.

“Being able to help our customers consolidate their content marketing efforts across multiple geographies and languages is the most exciting piece this acquisition brings,” said Rock co-founder Diego Gomes. “Our network of creative professionals is a unique feature that no other content platform can offer.”

The value of the deal was not disclosed, but, according to Gomes, the price tag is in the “tens of millions of dollars” and involved the exit of about a dozen SL investors, such as Summerhill Venture Partners, First Ascent Ventures and Fidelity Growth. The buyout was supported by a small funding round from Rock’s current investor base, which includes e.bricks Ventures, Provence Capital and Unbox Capital.

04
Jul

Digital receipt player Sensibill raises $31.5m

Sensibill, a Toronto-based AI-powered digital receipt startup targeting freelancers and small business owners, has raised US$31.5 million in a Series B funding round joined by National Bank of Canada.

The round, led by AI-focused venture fund Radical Ventures, and joined by Information Venture Partners and First Ascent Ventures, brings Sensibill’s total financing to $46.5 million.

Founded in 2013, Sensibill works with banks such as TD and Scotiabank to incorporate its digital receipt technology into their apps, enabling personal and business customers to manage line item receipts from their phones.

The platform uses machine learning to structure receipt data and give both banks and their customers rich insights such as product information, return policy tracking and auto-categorisation.

Since its 2017 Series A round, the firm has doubled its headcount, opened a London office and has now won more than 30 bank deals in Canada, the US and UK, many with Tier 1 players such as RBS.

Corey Gross, CEO, Sensibill, says: “What we’re trying to do at Sensibill is bridge the gap between what banks are good at today, and where they need to be in five or ten years to protect their relationships from disruption. Tools beyond core banking, an incredible customer experience, and meaningful customer insights for banks–that’s what we bring to the table.”

18
Mar

Venture capital funding flat in 2018, but industry players say investment ecosystem is strong

A total of $3.7 billion in venture capital was dispersed to Canadian companies in 2018, according to a report by the Canadian Venture Capital and Private Equity Association.

While the number marked a two per cent decline from 2017, Kim Furlong, CEO of the CVCA was still calling it a win.

2017 was just like a home run, so 2018 is a continuation of that growth trajectory

Kim Furlong, CEO of the CVCA

“This report signals that there’s maturity in the system. We saw an amazing year in 2017 — the best year we’d had to date in growth, in seven consecutive years,” she said. “2017 was just like a home run, so 2018 is a continuation of that growth trajectory.”

The numbers in the CVCA report offer a glimpse into the shape of startup funding across Canada, especially in the information and communication technology sector which accounted for more than two thirds of VC dollars and deals.

Toronto tops deals, followed by Montreal and Vancouver

Toronto is far and away the centre of gravity, with 197 venture capital deals happening in the city, and more than $1.5 billion invested in 2018. Montreal was the second busiest spot in Canada for startup investment, with 119 deals totalling $901 million, and Vancouver was third, with 71 deals totalling $400 million.

Governments are a big part of venture capital funding in Canada

The CVCA report also makes it clear that governments are a big part of venture capital funding in Canada. Scanning down the list of the top 10 most active venture capital firms, the federal Business Development Corporation appears twice on the list — both as an overall funder, and separately as an investor through several sector-specific funds — and government entities like the New Brunswick Innovation Foundation and the MaRS Innovation Accelerator Fund appear on the list.

The venture capital sector has also received help from government through programs like the federal Venture Capital Action Plan and the Venture Capital Catalyst Initiative — each worth $400 million.

Rick Nathan, who leads the venture capital program at Kensington Capital Partners — one of the recipients of VCCI investment — said the government money has leveraged a lot more private capital.

“They’re important from a stimulative impact on the market as a whole,” he said.

“Every government in the world where there is a technology industry has a very active role — including the United States which has more government support for its venture capital industry than any other country in the world. But if you look at Israel, if you look at Europe, if you look across Asia, it is an important feature of any market where there is a budding tech sector.”

70% of venture capital deals in 2018 were valued at less than $5 million

The biggest publicly disclosed venture capital deal of the year was $161 million in late-stage funding which went to Assent Compliance Inc, a supply chain data management company based in Ottawa.

Quebec-based Hopper Inc. and Milestone Pharmaceuticals Inc. also scored late-stage investment rounds valued at more than $100 million.

But according to the CVCA data, 70 per cent of venture capital deals in 2018 were much smaller, valued at less than $5 million.

In aggregate, Nathan said the numbers reflect investor confidence in Canada’s startup sector. He pointed to the initial public offering by Montreal-based Lightspeed POS as the latest example of a successful startup exit.

“We had the Lightspeed IPO a week ago, which is a great story. It’s a fabulous company. But it’s just kind of the next one on the list,” Nathan said.

“We probably have about 20 companies across the country that are in the half a billion to one billion valuation range.”

The Canadian Venture Capital and Private Equity Association Names New Chief Executive Officer

Canadian tech venture capital funding hits eight-quarter high thanks to AI

21
Feb

Q4 announces new IR Success Platform

darrel

New York and Toronto – February 21, 2019 – Q4 Inc., a leading global provider of cloud-based investor relations solutions, announced today the launch of its “IR Success Platform.” The platform combines Q4’s market-leading IR product suite, with a new white-glove customer experience model that partners with IROs to help them achieve both their tactical and strategic objectives, from daily tasks to annual program goals.

“The rise of new technologies, along with a constantly changing regulatory landscape are disrupting today’s capital markets. But while the scope of the IR role has expanded, in most cases, resources and budgets haven’t increased. You’re being asked to do more with less.” said Darrell Heaps, Q4’s CEO. “We believe that by working with the right partner and arming yourself with the right technology, you can overcome these challenges, to drive strategic value and ‘take a seat at the boardroom table.’ Our new IR Success Platform is designed to help IR teams, of all sizes and shapes, optimize processes and run impactful programs.”

Leveraging the latest in IR technology and tools, combined with dedicated IR professionals, Q4 is committed to delivering best-in-class customer experience. The IR Success Platform provides IROs with a truly dedicated “partner” committed to helping them drive strategic IR value, and is the first of its kind in the market. The IR Success Platform is designed to:

  • Reduce IR workload and streamlining processes;
  • Build a robust ownership base and target the right investors;
  • Improve IRO visibility and engagement with management and the Board; and
  • Drive stronger valuation relative to market peers.

“We recognize that no two IR teams are the same, and therefore, your needs also differ. With our IR Success Platform, we match you with the right technology and dedicated service team, based on your own unique objectives and challenges. We have you covered, from website and webcasting, to CRM, market intelligence and surveillance, and everything in between, ” said Matt Tractenberg, IR Partner at Q4. “The incredible benefit to our clients and their limited resources is that this is all being provided as a value add, at no additional expense to our clients.”

The IR Success Platform includes three customer experience offerings:

“Communicate” includes web design and webcasting, supported by an IR lead and 24/7 customer service for daily IR tasks.

“Engage” includes Q4’s CRM, web and webcasting, supported by a dedicated IR manager who is focused on executing tactical support across all IR functions.

“Elevate” includes web design, webcasting, CRM and Intelligence products and offers the highest level of strategic experience. It’s supported by a dedicated IR Partner, an ex-IRO with the core mandate to align with client strategies and partner on helping reach their objectives, whatever they may be.

The IR Success Platform is a value add service offered to all Q4 clients, with product configuration being rolled-out over the coming days. For more information please see www.q4inc.com or contact sales@q4inc.com .

For more details visit: https://www.q4inc.com/success-platform/default.aspx

23
Jan

ThinkData Works selected as an approved vendor for the Canadian Government AI standing order

Toronto – January 23rd, 2019 – ThinkData Works Inc. (ThinkData) has been pre-qualified by the Government of Canada to deliver contracts worth up to $9M related to Artificial Intelligence (AI) services, solutions, and products. The list of qualified providers was announced on January 15, 2019, and was the result of an Invitation to Qualify published through Public Services and Procurement Canada.

Through the Invitation to Qualify, the Government of Canada has pre-approved a list of suppliers who meet all of the mandatory criteria to provide Canada with responsible and effective AI services, solutions, and products. Subsequently, all solicitation opportunities related to Federal Government AI projects will be exclusively distributed to this pre-qualified list of suppliers (the Source List).

“We are very pleased to have been selected to deliver on the largest AI-related projects within the Government of Canada,” says Bryan Smith, Co-Founder and CEO of ThinkData. “We placed a large emphasis on the need for clean data in order to get AI right and we’re happy to hear that the Government agrees. We will be able to deploy our platform, Namara, on nearly every project related to this procurement vehicle and serve up clean, unbiased data as fuel to power all AI solutions.”

ThinkData has also created a vendor ecosystem graphic to better visualize and categorize the Source List:

 

Company logos plotted in a graphic divided by work sector

After research and consultation with industry, academia, and civil society, the Federal Government structured the solicitation around three categories that represent the business needs of the Government of Canada:

Insights and Predictive Modelling: The Government is looking to maximize the value of the data and information it has, and will begin to use AI to analyze and predict outcomes and effectiveness.

Machine Interactions: Canada is increasingly seeking to implement digital channels to facilitate interactions between citizens and government, looking towards chatbots, virtual agents, smart routing, and targeted content distribution to increase service delivery.

Cognitive Automation: The Government intends to introduce automated decision systems in order to further automate repetitive tasks and information-intensive processes.

Vendors on the Source List have been pre-qualified based on their prior experience delivering responsible and effective AI services, solutions, and products. Pre-qualified suppliers will receive notifications of opportunity (“Solicitation”) which will be posted on Buy and Sell. Solicitations will stipulate the maximum amount to be awarded and will be categorized based on the following grades, or “bands”:

  1. Band 1: up to $500K
  2. Band 2: up to $4M
  3. Band 3: up to $9M

To qualify for Solicitation under bands 1, 2, and 3, vendors were required to demonstrate that they had successfully delivered one, three, or five AI project(s), respectively. This process ensures that both emerging companies and global organizations are present on the Source List.

“The different bands made the ITQ accessible to smaller companies and startups who historically get left off of these standing offers due to requirements tailored to large, public companies,” says Smith. “I think the Government did a phenomenal job ensuring home-grown Canadian AI talent could compete for any future government contract. It’s so important that these companies get the opportunity to build solutions for Canada.”

23
Oct

Assent Compliance Receives Over $100 Million (CAD$130 Million) Growth Equity Investment from Warburg Pincus

OTTAWA – October 23, 2018 – Assent Compliance (“Assent” or “the company”), the Ottawa-based leader in supply chain data management software, today announced the receipt of an over $100 million (CAD$130 million) investment from Warburg Pincus, a leading global private equity firm focused on growth investing. The investment will enable Assent to enhance its proprietary software and supply chain data management platform, while expanding its product compliance, vendor management and corporate social responsibility solutions. Justin Sadrian and Sam Lipsick from Warburg Pincus will join Assent’s Board of Directors.

This investment is Assent’s third funding round in three years and highlights it as one of Canada’s most successful SaaS companies. Assent raised CAD$20 million in a Series A round in 2016 and CAD$40 million in a Series B round in 2017, which have fuelled its rapid growth to more than 400 employees across three continents.

Assent provides cloud-based enterprise supply chain data management software and solutions – available through the Assent Compliance Platform – to help companies manage and reduce global third-party market access, reputational, financial and operational risks. Serving hundreds of corporate customers and hundreds of thousands of suppliers around the world, Assent’s solutions automate supply chain data management to increase supply chain transparency and respond to the significant volume of data and regulatory requirements faced in today’s global marketplace. Assent’s platform is supported by a world-class team of regulatory and supplier management experts, providing exceptional supply chain data program management.

“We are thrilled to partner with Warburg Pincus – one of the leading growth equity firms in the world,” said Andrew Waitman, CEO of Assent Compliance. “Warburg’s enviable software domain experience complements our remarkable supply chain data management expertise and will help accelerate Assent’s rapid growth. Their thoughtful selection of Assent reinforces our market leadership and will enable us to continue to deliver innovative solutions that protect companies from third-party risks within their supply chains.”

“Assent’s innovative technology offerings and unmatched regulatory expertise have supported the company’s rapid growth, and cemented its leadership position in the supply chain data management sector,” said Justin Sadrian, Managing Director, Warburg Pincus. “The company has taken supply chain transparency to a new level and created a clear category-leading platform. In doing so, Assent has earned an outstanding reputation for providing world class solutions and client support – making Assent the partner of choice for enterprise and mid-market companies around the world. We look forward to working with Assent’s leadership team as the company embarks on its next chapter of growth.”

Assent Compliance has emerged as a remarkable success story in the Canadian software and technology industry,” said Richard Black, Partner, OpenText Enterprise Apps Fund (OTEAF). “We identified Assent three years ago as a company with great opportunity, strong leadership and a clear vision for strategic growth. Warburg Pincus’ investment is a testament to Assent’s ability to execute against that vision and achieve its place as the global leader in its space. This marks a new chapter for one of Canada’s best and most exciting companies to watch, and we look forward to continuing to be a part of it.”

BDC Capital, Greenspring Associates, OpenText Enterprise Apps Fund, and Volition Capital will all remain investors in the company, reflecting their continued confidence in Assent and its growth potential. Members of Assent’s management team will also retain an ownership stake.

About Assent Compliance
Assent Compliance is the global leader in supply chain data management. Combining leading-edge technologies with extensive supply chain expertise, Assent provides SaaS solutions that manage third-party data to protect corporate brands, increase market accessibility, and reduce operational and financial risk. For more information, please visit www.assentcompliance.com.

About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $47 billion in private equity assets under management. The firm’s active portfolio of more than 170 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. The firm has been an active investor in the enterprise software sector, with current investments including Avalara, DocuTAP, Dude Solutions, Duetto, Liaison International, and NEOGOV. Founded in 1966, Warburg Pincus has raised 17 private equity funds, which have invested more than $70 billion in over 835 companies in more than 40 countries. The firm is headquartered in New York with offices in Beijing, Hong Kong, Houston, London, Mumbai, San Francisco, São Paulo, Shanghai and Singapore. For more information, please visit
www.warburgpincus.com.

About OpenText
The OpenText Enterprise Apps Fund (OTEAF) was formed in 2015 and invests in emerging Canadian technology companies that are building disruptive, enterprise applications that leverage the power of the internet, big data, predictive analytics, machine learning and mobility. The founding partners of OTEAF have been involved with over 25 technology companies as founders, executives, advisors or investors with a track record of successful growth and premium returns.

Contacts
Assent Compliance
Matthew Desrosiers
(613) 315-0761
matthew.desrosiers@assentcompliance.com

Warburg Pincus
Pam Greene / Jenny Gore
Sard Verbinnen
(212) 687-8080 WP-SVC@sardverb.com

OpenText Enterprise Apps Fund (OTEAF)
Tony van Marken
(647) 271-4564
tony.vanmarken@oteaf.vc

20
Mar

ThinkData closes investment from OTEAF to fuel global expansion

TORONTO, ON – ThinkData Works, Inc. (ThinkData) has announced an investment from the OpenText Enterprise Apps Fund (OTEAF). The funds will be used to support ThinkData’s global expansion. The transaction will also see Tony van Marken, General Partner at OTEAF, join ThinkData’s Board of Directors.

ThinkData’s platform allows organizations to access data from hundreds of public sources and helps enterprises transform proprietary data sets into a standardized format. Organizations can use these rich data pools to build predictive models and derive insights.

“Our investment in ThinkData reflects our belief that data is the most valuable asset for enterprise today. The ThinkData platform allows its customers to unlock the potential of their own data, and layer in new sources to generate actionable insights,” says Tony van Marken. “The company has already won Tier 1 enterprise customers, reinforcing our conviction in the value of the platform to some of the most sophisticated institutions in the world.”

ThinkData’s customers include Royal Bank of Canada, the Government of Canada, Bank of Nova Scotia, TD Bank, and The Altus Group among others.

“If you’re only looking at your own internal and siloed data environment to drive your business forward, you’re missing 90% of the information you need to start leveraging in order to remain competitive in tomorrow’s business landscape. This is true for every company in every sector,” says Bryan Smith, Co-Founder and CEO of ThinkData.

Using ThinkData’s platform, Namara, organizations are capable of taking endless amounts of public and private data sourced from anywhere in the world and layering it upon existing practices or integrating it into new business intelligence solutions.

“We are unlocking the ability to link and layer data sets that, although related, have traditionally remained siloed,” says Mr. Smith. “By boiling down every dataset to its raw features, we can rebuild it into master data records that adhere to a common standard – and we can do so at scale. This clean data works like rocket fuel and launches our clients’ analytics capabilities to new heights.”

OTEAF joins Extreme Venture Partners (EVP) and MaRS IAF, ThinkData’s initial seed investors, who backed the company in its early stages. “In the last decade, the world’s most important companies have become experts in data – its capture, its analytics, and its use. ThinkData’s platform unlocks this capability for all the companies out there that need to play catch up,” said Ray Sharma, Managing Partner of EVP. “We bet early on ThinkData because they had a sobering idea; data needs to be as accessible as tap water. Companies need to be able to turn on the faucet and watch the data flow.”

Media Inquiries:
Lewis Wynne-Jones, ThinkData Works, Inc.
Head of Data Acquisition and Partnerships
lewis@thinkdataworks.com

About ThinkData Works
Founded in 2014, ThinkData Works focuses on the aggregation and modification of large data sets, enabling businesses to create new products and insights. The platform is designed to access high value data in standard usable formats.
For more information visit: thinkdataworks.com

About Extreme Venture Partners
EVP is an early stage investment fund, startup development lab (Extreme Innovation) and global-to-Canada accelerator (Extreme Accelerator) that invites diversity as the spark of brilliance and innovation, quietly launching some of the Canada’s most interesting startups. EVP has developed a comprehensive startup ecosystem, as well as a not-for-profit organization (Hackergals) dedicated to addressing the gender imbalance in coding. Learn more about EVP’s “firsts”.
For more information visit: evp.vc