Edmonton Region Tech Companies raise more than $246 Million since January 2020
29 Jan 2021
The last twelve months saw significant funding raises for the technology sector in the Edmonton region with at least 39 deals totalling more than $168 million in capital raised between 35 technology companies. This is significantly higher than we have seen in the region in the past and when we look at early 2021 there’s reason to expect this trend to continue. The first couple weeks of January already saw significant raise announcements totalling more than $78 million.
Notable companies that raised more than $1 million in 2020 include Absolute Combustion, OncoQuest, Direct C, Drivewyze, G2V, Nanoprecise, Quote2Me, SAM, Showbie and Trust Science.
Jobber and dealcloser both announced successful funding rounds that met the million dollar threshold in January 2021 – with $76 million and $1.75 million respectively.
Based on the data available, we are also seeing that the number of deals originating in the Edmonton Metropolitan region is increasing over time.