BC Startup News: 2021-01-29

BC Startup News: 2021-01-29

Hello and welcome to The BC Startup Show’s news recap for this week. It’s Friday, January 29th 2021, let’s explore some of what happened in our startup community this week.

In general startup news,

🥇ThisFish Inc. wins Thrive Global AgriFood Canada Challenge

ThisFish was announced the winner of the Thrive Global AgriFood Canada Challenge in the agricultural technology category. ThisFish is an emerging leader in seafood traceability software, which aims to improve efficiency, increase transparency and build trust in seafood supply chains.

It’s the team’s mission to improve the social, environmental, and financial sustainability of seafood enterprises by making seafood supply chains more transparent. They’re also keen on helping consumers make more informed choices as to who is responsibly harvesting and handling their seafood.

Congratulations to the team at ThisFish, and you can learn more about them at this.fish.

🏆 Riipen and Lighthouse Labs announce a 21-day Data Challenge Competition

If you’re interested in exploring, building or honing your development skills -- Vancouver startup Riipen and coding bootcamp slash educator Lighthouse Labs have announced a 21-day data challenge, starting on February 17th.

Participants will pass through short Python data analysis challenges to compete with others for a variety of amazing prizes.

Learn more and register at data-challenge.lighthouselabs.ca.

Fundraising News

Venture funding activity was far more active this week, with a number of deals totaling almost $150 million dollars.

📈 Kardium Inc. raises a fresh US$115 million in latest financing round

The largest deal by far was closed by Kardium, the Vancouver-based medical device company that makes an advanced system for treating atrial fibrillation, the world’s most common heart rhythm disorder.

The raise was led by financial giants Fidelity Management & Research Company and T. Rowe Price Associates, and provides the company with enough cash to continue the development of its Globe Mapping and Ablation System for a-fib.

Congratulations to the Kardium team. Learn more at kardium.com.

📈 Nexii Building Solutions raises $33 million in fourth funding round

Next up, Nexii Building Solutions announced its fourth successful funding round, which closed at $33 million and values the company at $620 million overall.

Nexii is a green construction technology company that designs and manufactures high-performance buildings and retrofit products that are cost-efficient, use less energy, and are resilient in the face of climate change.

The company plans on using the new cash to expedite the opening of its production facility in Squamish.

Congrats to the Nexii team -- you can learn more at nexii.com.

📈 Wize raises US$3 million in seed funding

Vancouver-based education technology startup Wize announced that it closed a $3 million seed round led by Luma Launch and Panache Ventures, among others.

Wize is an online education platform that delivers course-specific video tutorials and exam-like practice problems for high school, college, and university students across North America.

It's the Wize team's goal to make learning simpler, more accessible, and more personalized, and this funding round should make accomplishing this goal a bit easier.

Congrats to the Wize team -- learn more at wizeprep.com.

🏆 Nominations open for Rocket Builders 2021 Ready to Rocket and Emerging Rockets Lists

Finally, nominations are now open for the 2021 Ready to Rocket and Emerging Rockets lists.

Now in its 19th year, the "Ready to Rocket" Lists feature top technology companies across British Columbia in cleantech, life sciences, digital health and other sectors that are best positioned to capitalize on the largest growth trends in the technology industry.

The nomination deadline is March 2nd, and there are a number of different criteria that are required depending on the industry and size of the business. You can find out all the details at readytorocket.com.

That’s it for this week, thanks again for sharing some of your time with The BC Startup Show. Please be sure to subscribe and share a review on your podcast platform of choice.

You can always find us at bcstartupshow.com or on LinkedIn. Until next time, thanks for listening and stay safe.