The Four Most Significant Venture Capital Rounds Raised by Canadian Startups in 2013

Posted by Knowlton Thomas

2013 was a strong year for venture capital funding in Canada, as evidenced by what we feel were the four most significant rounds raised by Canadian startups this year.

 

1. HootSuite Raises $165 Million (Vancouver / Series B)

The biggest round raised by any Canadian tech startup in recent memory, HootSuite's colossal Series B round put Vancouver on the map as a hub of innovation—as if it weren't already.

 

2. Shopify Raises $100 Million (Ottawa / Series C)

Shopify's chief product officer, Harley Finkelstein, told Techvibes that the nine-figure capital injection will be used to transition the company from being an e-commerce platform to being a commerce platform.

 

3. Beyond the Rack Raises $25 Million (Montreal / Series C)

The sixth round of financing for Montreal's Beyond the Rack put its total venture capital raised to more than $70 million (only the last three rounds included participation from institutional investors).

 

4. Thalmic Labs Raises $14.5 Million (Waterloo / Series A)

Thalmic's round marked the largest Series A round raised by any startup after going through Silicon Valley's Y Combinator program, a proud moment for Canadian startups.

Company:
Shopify
Website:
http://www.shopify.ca
Location:
Ottawa, Ontario, Canada

Shopify is an Ottawa based commerce platform that allows anyone to easily sell online, at their retail location, and everywhere in between. Shopify offers a professional online storefront, a payment solution to accept credit cards, a point of sale system to power retail sales and a card reader to accept payments through a mobile phone. Shopify currently powers over 80,000 active online stores around the world,... more

Company:
HootSuite Media, Inc.
Website:
http://www.hootsuite.com
Location:
Vancouver, British Columbia, Canada

HootSuite is a social relationship platform for businesses and organizations to collaboratively execute social media strategies across multiple social networks from one secure, web-based dashboard. Launch marketing campaigns, identify and grow audience, and distribute targeted messages using HootSuite’s unique social media dashboard. Streamline team workflow with scheduling and assignment tools and reach audiences... 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:
Thalmic Labs Inc.
Website:
http://www.thalmic.com
Location:
Kitchener, Ontario, Canada

Thalmic is changing the way people interact with technology. Headquartered in Kitchener-Waterloo, Canada, we're developing exciting new technologies in the area of human-computer interaction: Technologies which bridge the gap between man and machine, enabling us to accomplish new feats, enhance our abilities, and explore new possibilities. more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis or otherwise enjoying the outdoors. more



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