The funding activitiy in 2008 has produced some exciting top Vancouver startups for 2019 that plan to raise their bars with the help of the investors they have got on board. Canada’s growth as an important country for startups is the result of the rapid growth of the smaller startup hubs like Vancouver in the country. The tech sector in the city has become an important contributor to the growing GDP of the startup ecosystem here.
This list of top startups to watch out next year contains each top startup in Vancouver that has various startup players keeping a keen eye on their developments.
Top Vancouver Startups to Watch out for in 2019
Progressa is a top startup in Vancouver that was established in 2013 by Ali Poudard, David Gens, and Michael Jover. The company is helping Canadians maintain a healthy credit score by working with collection agencies to offer solutions for credit recovery methods that contribute to a positive credit score. It became one of the top Vancouver startups for 2019 after completing two phenomenal funding rounds in 2018. Cypress Hill Partners invested $72 million through debt financing, and another $12 million was raised from lead investor Canaccord Genuity Group in August 2018.
One of the top Vancouver startups for 2019 from the quantum computing software segment is 1QBit that is leading the pack with its software development services. CAD 45 million was raised in the Series B round of funding by the Vancouver based startup earlier this year.? The company has received a total amount of CAD 90 million from three funding rounds since it was founded in 2012 by Landon Downs and Andrew Fursman and is a top startup in Vancouver partnering with Fortune 500 companies across industries and computing giants like Fujitsu and Rigetti Computing.
Bench is a novel online bookkeeping platform that was launched in 2012 and has grown to become one of the top Vancouver startups for 2019.? The company was co-founded by Ian Crosby, Pavel Rodionov, Adam Saint, and Jordan Menashy to help small businesses take care of the finer details of running a business leaving bookkeeping to the Vancouver based startup. Bench has completed 8 rounds funding till date raising close to $50 million. The last round of funding was the Series B round that was led by iNovia Capital and saw the participation of Silicon Valley Bank, Bain Capital Ventures, and Altos Ventures. This top startup in Vancouver raised $23 million in this round. Bench plans to develop its accounting automation features to a more advanced level and direct the funds from Series B for it.
Faiz Abdulla founded Rise People in 2012 in response to the market need for an HR software which is a one-stop solution for HR, benefit, and payroll processes.? The company became a top startup in Vancouver in no time as it was the first company to offer such a software -as- a- service. Rise People was established with the intention of making HR departments more efficient using technology. The Vancouver based startup raised CAD 24.3 million from Sun Life Financial in its Series A round that was held in October 2018. The total funds raised by the company capped at $20.2 million by the end of this round. Rise People’s unique SaaS and the recent funds received have made it one of the top Vancouver startups for 2019. Starbucks, Hilton, and David Suzuki Foundations are some of the brands that patronize the company?s services.
LoginRadius, a pioneer customer identity startup, is one of the top Vancouver startups for 2019 poised to grow wonderfully with the funds received in 2018. The last round of funding for the Vancouver based startup? was in July 2018? where the company raised? $17 million. M12 and ForgePoint Capital along with three other investors put in this amount in the Series A round. A top startup in Vancouver, LoginRadius was launched in 2012 by founders Deepak Gupta and Rakesh Soni who recognized the need for a cloud based customer identity and management platform that can take care of multiple facets single handedly.
A top startup in Vancouver, Finn AI is an artificial intelligence virtual assistant aimed to help its user with personal banker services. Its founders – Jake Tyler, Natalie Cartwright, and Guru Atlu aimed to help banking and finance institution cater to their customers’ personal banking needs conveniently. Finn AI is one of the top Vancouver startups for 2019 that is expected to rake up more investments and show growth in its customer base in the coming year. The company completed its Series A round of funding pocketing $11 million (CAD 14 million) becoming a top startup in Vancouver among those funded this year.
AbCellera Biologics joined the club of top Vancouver startups for 2019 after it secured $10 million from Data Collective VC in September 2018. This is the second round of funding activity for the company. AbCellera Biologics has risen to be a top startup in Vancouver since its establishment in 2012 by Veronique Lecault, Kevin Heyries,? Daniel Da Costa , and Kathleen Lisaingo and plans to broaden its antibody therapy discovery program from the fresh funds received . The company?s forte lies in developing antibody therapeutics for effective healthcare treatment and has been recognized by organizations like the Bill and Melinda Gate Foundation and the U.S Defense Advanced Research Projects Agency. Its associations with such organizations has made it an entrant among the? that top Vancouver startups for 2019 .AbCellera Biologics? has seen unparalleled growth in the recent years and is expected to bring in more heat next year.
Semios, a top startup in Vancouver, is a notable startup in the region?s agri-tech sector. The company is dedicated to providing yield improvement solutions based on data and AI. Farmers can tackle any crop related issues in real time with the help of Semios? platform. This innovative introduction in farming practices has made it one of the top Vancouver startups for 2019 which has got startup players watching out for any exciting development in the company. ?Semios is the creation of Dr Michael Gilbert, a tech and business expert, who established this top startup in Vancouver in 2010. Semios secured a grant of $9.9 million from Sustainable Development Technology Canada bringing the total amount raised so far to $17.9 million.
Precision NanoSystem was founded by James Taylor and Euan Ramsay in 2010 and is one of the top Vancouver startups for 2019 poised to shake up the market with its disruptive nanomedicine offering. The company has got total investments worth $19.4 million and the most recent round for this top startup in Vancouver was in mid 2018 through which it raised $6 million. Precision Nanosystem is planning a global expansion and broadening its product innovation abilities with the help of these funds which rightly makes it one of the top Vancouver startups for 2019. Collaborations and partnership with brands like GlaxoSmithKline, Novartis, Bayer, Biogen, and AstraZeneca is a good indicator of Precision Nanosystem?s success and presence in the market.
Another organization dedicated for introducing groundbreaking changes to how cancer is diagnosed and treated is Vancouver based startup MetaOptima. This cancer detection solutions company is the baby of founders Maryam Sadeghi and Majid Razmara that was set up 2012 and has grown to become one of the top Vancouver startups for 2019.? MetaOptima made headlines this year for securing $6.5 million in its Series A round of funding led by Skip Capital and AirTree Ventures. MetaOptima?s flagship product MolScope,a device that helps in getting a high res view of one?s skin using smartphones, has been accepted positively and widely. This top startup in Vancouver is preparing to widen its operation in Australia? and aims to target every skin center clinic in the country and change the way cancer is detected.
Startups from biotech, AI, and software sector shined this year by the merit of the impressive funding amounts they raised to become top Vancouver startups for 2019. Some of these startups have got funds after a dry period of more than one year, putting them in the spotlight to see how they fare in the coming year after getting the nudge they need in the form of investment.
Copyright All Rights Reserved ? HexGn | Please do not copy or use without written permission | www.hexgn.com