This week, two Canadian startups got a boost with rounds of funding. Here’s the latest on who raised how much, and from whom.
TickSmith raises $2 million to commercialize financial data analytics platform
Montreal-based TickSmith, which creates big data applications for capital markets and financial services, has raised $2 million from Illuminate Financial Management LLP.
Founded in 2012, TickSmith creates applications that allow capital markets and financial institutions to interpret value and gain insights from financial data. The company said it plans to use the funding to further commercialize its flagship product, TickVault.
According to TickSmith, the TickVault platform records, stores, and transforms structured and unstructured financial data by breaking down trade history, exchange and tick data, back office data, news, events, and research. In addition to analysis, TickVault can also be used for compliance and risk management.
“Market participants recognise the competitive advantage that can be gained from a next generation capital markets data lake, not just in Europe and North America, but increasingly on a global basis,” said Francis Wenzel, CEO and co-founder of TickSmith. “As venture capital specialists within the capital markets technology space, Illuminate Financial are well positioned to help us further develop our flagship product, Tickvault, as we continue to build an international client base.”
Online ordering platform LinkGreen raises undisclosed seed round from Georgian Angel Network
Barrie, Ontario-based LinkGreen, which provides an online ordering platform for wholesale buyers and suppliers, has closed an undisclosed seed round from Georgian Angel Network.
LinkGreen’s main product, LinkGreen Connect, aims to help wholesale buyers and suppliers in fragment industries like the lawn and garden industry process manage orders more efficiently. Through LinkGreen Connect, wholesale buyers can order directly from their suppliers online and view full order tracking, history, and custom pricing. Suppliers can use the platform to show customers all their products and catalogues, and provide real-time updates on current inventory and product prices.
LinkGreen plans to use the funding to hire new talent with sales, marketing, and software development experience in order to help the company grow and fully commercialize its product.
“Traditional fragmented industries like lawn & garden have been long overlooked and are desperately in need of an online solution,” said Warren Patterson, CEO of LinkGreen. “Our goal here at LinkGreen is to establish ourselves as the authority in the lawn and garden industry for wholesale ordering and online connectivity for businesses, with future expansion into other fragmented industries.”
LinkGreen said it has 3,100 businesses using its platform and $300 million in supplier revenue.