Beyond the Rack: A Venture Backed Canadian Success Story

Posted by Techvibes NewsDesk

The Fairmont Banff Springs Hotel is hosting the Banff Venture Forum this year on September 26 and 27, 2013.

Recognized as one of Canada’s premier company financing events, the Banff Venture Forum provides networking opportunities and showcases high technology companies across North America.

One of those companies this year is Montreal's Beyond the Rack.

Today, Beyond the Rack has achieved near legendary status for its success as an online retailer of discounted brand name clothing and accessories. Less than five years ago however, the Canadian startup faced the challenge of raising capital for a concept that investors denounced as too risky.

MORE: How Canadian Entrepreneur Yona Shtern Built Beyond The Rack to a $200 Million Business

In a session titled Beyond the Rack: A Venture Backed Canadian Success Story, co-founder Yona Shtern and some of its lead investors (Steven Abrams Partner of BDC's IT Fund and JS Cournoyer of Real Ventures) will discuss the journey from an audacious idea to becoming one of the country's foremost venture backed success stories.

Registration is now open for the 2013 Banff Venture Forum.

Company:
BDC Capital
Website:
http://www.bdccapital.ca
Location:
Montréal, Québec, Canada

A subsidiary of the Business Development Bank of Canada (BDC), BDC Capital offers a full spectrum of specialized financing and investment solutions to help Canadian entrepreneurs achieve their full growth potential. With more than $1 billion under management, BDC Capital takes a strategic, patient approach to nurture companies’ development over the long term. From venture capital to equity to growth and transition... more

Company:
Beyond the Rack
Website:
http://www.beyondtherack.com
Location:
Montréal, Québec, Canada

Beyond the Rack is a private shopping club for women and men who want designer brand apparel and accessories at prices up to 80% off retail. We obtain authentic designer merchandise and provide it exclusively to our members through limited-time events. Each event starts at a specific time and typically lasts only 48 hours. After each event ends the merchandise is no longer available. Members are notified by email... more

Company:
Real Ventures
Website:
http://www.realventures.com
Location:
Montréal, Québec, Canada

We look for inspiring entrepreneurs who exhibit unique insight and appreciation of their target market and industry. You can be first time or seasoned. If you have passion, vision and a big opportunity we want to work with you. We’ve had our successes and failures, so we should know what you’re going through and so we look for entrepreneurs who want our input and are open to this collaborative approach. We look to... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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