Five Canadian startups have announced fresh funding to fuel their growth, including Course Studio, Olive, goPeer, WeUsThem, and Prospre. Here’s the latest on who raised how much, from whom, and what they’ll be putting the new funds toward.
Course Studio raised $1 million seed round
Vancouver-based EdTech startup Course Studio has raised a $1 million seed round. The startup did not disclose investors in the round.
The startup’s team consists of former MasterClass and Thinkific employees.
Assembled from a team of former employees from MasterClass and Thinkific, both prominent EdTech startups, Course Studio aims to help entrepreneurs and organizations design, launch, and scale online learning experiences. The startup was founded earlier this year.
Course Studio will use the new financing to scale its production, curriculum design, and development teams, as well as hire developers and designers, build new apps and tools, and partner with subject matter experts to build new learning experiences.
Vancouver-based Olive raises $1 million
Olive, a Vancouver-based startup has raised $1 million. The funding was led by San Antonio’s Active Capital with participation from Techstars and UK-based Novator.
Olive offers a vendor selection platform that helps companies streamline IT procurement. Olive also provides tools for software vendors to demonstrate their benefits to buyers and gain valuable insights into the needs of their prospects.
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Olive graduated from Techstars’ Seattle cohort earlier this year and received an initial investment from the accelerator. Speaking to Business in Vancouver, CEO of Olive, Chris Heard, said most of the proceeds from the investment will go toward the startup’s engineering team.
Prospre wins $10,000 from Propel’s Startup Summer Showdown
Mount Pearl, Newfoundland-based nutrition app Prospre won Atlantic Canada accelerator Propel’s Startup Summer Showdown, pulling in a total of $10,000 in cash from Innovacorp and NBIF.
Prospre was founded in 2019 with the goal of making nutrition-focused meal planning easy.
Also included in the summer showdown prize package is programming and coaching services offered by Propel, professional services from billing lawyers at LaBarge Weinstein LLP, advertising, graphic design, marketing services from Brainworks, and professional accounting services from EY.
Prospre has developed an application that creates meal plans based on users’ personal preferences and nutritional goals. The startup was founded in 2019 with the goal of making nutrition-focused meal planning easy.
goPeer wins top prize in York’s LaunchYU Accelerator program
Toronto-based FinTech startup goPeer received the $25,000 Aird & Berlis StartupSource Market Entry Award as part of York University’s LaunchYU Accelerator program.
The funding includes $12,500 in cash and an equal amount in Aird & Berlis LLP legal services, as well as the $10,000 LaunchYU Accelerator Award.
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goPeer is a peer to peer lending platform that aims to help Canadians lend and borrow from each other with an emphasis on financial wellness. Innovation York’s LaunchYU Accelerator program assists emerging entrepreneurs through workshops, with hands-on experience, one-on-one mentorship, investor office hours, and various networking resources.
WeUsThem wins $100,000 at Health Challenge Pitch Event
WeUsThem has been named the winner of the second Health Challenge Pitch Event, securing $100,000 in funding.
Following the win, provincial health authority Nova Scotia Health will also now consider WeUsThem’s solution for scaled deployment.
Founded in Halifax, WeUsThem is a full-service ad agency that has created imTeen, a technology designed to help youth track and take care of their health on a daily basis.
WeUsThem was one of four companies that participated in the Health Challenge Pitch Event, created in partnership with Nova Scotia Health, QEII Foundation, BioNova and the Atlantic Canada Opportunities Agency.
Image source Unsplash. Photo by Sergey Zolkin.