BC Startup News: 2021-02-05

BC Startup News: 2021-02-05

Hello and welcome to the BC Startup Show’s recap for this week.

Some startup news from around the province this week:

🥇 NANOSentinel wins the Apex Business Plan Competition

Congratulations to the NANOSentinel team, who took home the grand prize in the Apex Business Plan Competition. Founded in Vancouver with alumni of Beedie School of Business at Simon Fraser University and Simon Fraser University, NANOSentinel bills itself as the "canary in the coal mine" for the nanomaterials manufacturing industry. Check them out at https://nanosentinel.ca/

💰 Vanrx Pharmasystems is acquired by global life sciences giant Cytiva

Vancouver's Vanrx Pharmasystems was acquired by global life sciences leader Cytiva this week. Founded back in 2007, the company has since become a leader in the field of robotic aseptic filling machines, which fill vials, syringes, and cartridges with reduced risk and increased speed.

The great news is that, with the exit, all 120 team members at Vanrx have been offered to continue their roles with Cytiva. Congratulations to the Vanrx team on a successful exit. They're at https://vanrx.com/

🍃 2021 BC Cleantech Awards finalists are announced

The finalists for the 2021 BC Cleantech Awards have been announced. There are too many to list here, but check the link above to learn more. Congratulations to all of the nominees and good luck! Winners will be announced on February 18th and we'll be sure to share that news with you all.

🙋‍♀️ The StrikeUp Conference for women entrepreneurs is set for March 4th

And, for women entrepreneurs and startup founders, don't miss the The StrikeUp Conference, set for March 4th. Expect to learn and share stories of starting, scaling & sustaining a business from a diverse panel of Canada's women entrepreneurs. This is a conference you don't want to miss. Visit https://strikeup.ca to register, it's free.

...and, in fundraising news:

📈 Carbon-capture startup Svante closes a US $75 million Series D round

Vancouver's Svante led the way with its $75 million US in Series D funding. It's important to note that this is the largest private investment into point source carbon capture globally to date. Svante will be using the funds to support the development of several commercial scale carbon capture facilities to address hard-to-abate emissions from industrial operations.

Learn more at https://www.svanteinc.com and congratulations to the team, which is doing critical work in the carbon capture field.

📈 Vancouver biotech Precision NanoSystems announces a $25 million partnership with the Government of Canada

Vancouver biotech startup Precision NanoSystems announced an investment of $25 million by the Government of Canada's Strategic Innovation Fund. The investment supports work to establish a biomanufacturing centre in Vancouver dedicated to the production of ribonucleic acid (RNA) lipid nanoparticle vaccines and genetic medicines, which are central to the prevention and treatment of diseases such as COVID-19. Learn more at https://www.precisionnanosystems.com/

📈 Victoria's Certn adds a follow-up Series A+ round of $9.5 million, bringing the total to $43 million

Victoria's Certn, a startup focusing on providing real-time comprehensive background checks and ongoing risk monitoring for employees, contractors and tenants around the world, announced a follow-up $9.5 million Series A+ round, bringing its total 2020 financing to about $43 million. Congrats to the Certn team, check them out at https://certn.co/

📈 White-label business meals solution UpMeals closes $800,000 in seed funding

Vancouver startup UpMeals, which labels itself as a white-label, prepared-meal solution for businesses, has raised a seed round totaling $800,000. The company plans to use the funds to support the further expansion of the software powering its SmartVending machines. Learn more at https://upmeals.ca/

📈 Payments startup MazumaGo closes a round of unknown size

Victoria-based fintech payments startup MazumaGo closed a round of unknown size this week. I'm still working on tracking down the details, but congrats to the MazumaGo team. Learn more at https://www.mazumago.com/

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