Companies from across Calgary, Edmonton and Saskatchewan participated in Startup TNT’s Investment Summit IV, with many of the other finalists receiving investment offers.
The three winners of the event were Waitwell in Calgary and PulseMedica in Edmonton, which each received $400,000, and StoreToDoor in Saskatchewan, which received $125,000.
Semi-annually, Startup TNT holds a summit to celebrate the Prairie startup community and invest in local entrepreneurs in Alberta and Saskatchewan. The group describes itself as a community of entrepreneurs, scientists, investors, innovators and startup supporters. They meet every week to help each other grow their businesses and build a community.
However, the most noteworthy events of the year are Startup TNT’s Investment Summits. At the TNT Summit, a total of $1.25 million was raised for startups in Calgary, Edmonton, and Saskatchewan. This brings TNT to an aggregate total of over $5 million raised for companies since its inception in 2019.
In Calgary, Waitwell beat out four regional finalists to secure the top prize. Another finalist, Rallie, landed a $25,000 deal at the summit.
Waitwell is a Calgary-based startup that helps businesses, events, and restaurants manage lineups and queues. Its tech platform enables users to join digital queues, making it easier for businesses and events to manage lineups, and meet COVID-19 social distancing requirements.The company plans to use the funding secured through Startup TNT to further develop its platform and address customer needs.
Edmonton-based PulseMedica also beat out four regional finalists to secure investment. However, of those finalists Dryrun and Fly and Fetch were also able to secure investment deals.
PulseMedica is developing a medical device to treat retinal eye diseases. Its device consists of 3D imaging and a surgical platform that allows for patient treatment, including machine learning-based disease detection, surgical planning, surgical treatment, and post-surgery evaluation.
Saskatchewan-based StoreToDoor also beat out four other regional finalists to be named victorious. However, all five companies were offered investment deals.
StoreToDoor is a Regina-based startup that offers last-mile and retail delivery services. It provides same day delivery and also enables B2B delivery as well as wholesale fulfillment. The company is also licensed for the delivery of pharmaceuticals, cannabis and alcohol.
The date of Startup TNT’s next Investment Summit has not yet been announced, but it will continue to meet weekly and support investors across Alberta and Saskatchewan in the meantime.