Edmonton Launch Party Startups Raise Over $278 Million in Investment Since 2010, The Canadian Business Journal

EDMONTON, Oct. 17, 2022 (GLOBE NEWSWIRE) — Launch Party, the annual flagship event of Edmonton Startup Week, produced by Edmonton Unlimited, honors and showcases 10 of Edmonton’s hottest startups. Since 2010, 115 prominent companies have set up operations and raised over $278 million in investments and his $22 million CDN grant to grow and scale.

Edmonton Unlimited CEO Catherine Warren said: “The local connection, support and exposure companies receive at Launch Party and beyond gives locally grown ventures a strategic advantage and a springboard to sustainable growth. As one of the fastest growing tech sectors, we’re lucky that some local visionaries set the stage for Edmonton’s startups to take the leap way back in 2010. Startup Success will spur job creation, investment stimulation and economic diversification, benefiting all of us.”

Drivewyze and HonestDoor are two tech companies that previously launched at Startup Week. Drivewyze credits attending the 2013 Launch Party with many of its connections with the local tech community.

Drivewyze CEO Brian Heath said: “Startup Edmonton, and now Edmonton Unlimited, has been an integral part of Edmonton’s link to the tech community since our participation in the Launch Party in 2013 to this day. and networks, which have helped build Edmonton’s ability as a hub for technology and innovation.Rising Tide lifts all ships, nurtured by locally grown tech talent and the work they do We have witnessed a growing entrepreneurial spirit that has helped us become the company we are today with more than 200 employees, a new 30,000 square foot headquarters and technology that is changing the landscape of transportation safety. I have.”

HonestDoor has raised $3 million in CDN funding since its launch in 2019. Today, they are the real estate platform that millions of Canadians visit each month to discover the real-time value of their homes, explore data on real estate across the country, and make informed real estate decisions. , uses machine learning to create the most accurate home valuations for every home nationwide. This is also used by Canadian businesses to quote homes.

“Edmonton Startup Week is a celebration of people, ideas, and community. This community has provided us with a platform and the courage to act on our ideas and start something new,” said HonestDoor. co-founder Dan Belostsky said. “We now have millions of users providing us with details about our homes, giving us the advantage of owning a vast proprietary dataset and the most accurate and unbiased home valuation model in Canada.” can be obtained.”

This year’s Launch Party is no exception. With 10 companies selected to participate through competitive applications and a community-assisted selection process, the 2022 winners will pitch at Launch Party 13, providing founders with direct access to customers and investments. increase.

“I encourage all Edmont citizens to follow these startups for the next year,” said Warren. “Interest from every corner of the city will blow the wind in our sails as these companies enter international markets, attract smart investments and have a global impact.”

Edmonton Mayor Amarjeet Sohi said: “Edmonton Startup His Week celebrates the vitality of the local ecosystem that businesses need to create jobs, attract investment and strengthen Edmonton’s economy.”

Alberta Innovates CEO Laura Kilcrees said: “From start-up to scale-up, our innovators are supported by mentors, programs and accelerators across the ecosystem and are successful in local and global markets. This is where small businesses thrive.”

“Edmonton’s tech scene is growing and Edmonton Unlimited is an important partner for the future of innovation in the metropolitan area,” said Jobs Minister of Economy and Innovation Tanya Farr. “Startup His Week is a great opportunity for local innovators and entrepreneurs to showcase their companies and get feedback as they grow towards success.”

Minister of Tourism and Deputy Minister of Finance, Randy Boissonault, said: “This week’s event is part of our city’s innovation ecosystem, providing a platform for entrepreneurs to scale their ideas, create high-paying jobs and diversify the local economy. Edmonton Unlimited Thank you to the team at and everyone who made this week happen!”

Launch Party 13 will take place on Thursday, October 20th at 5:30pm at the Edmonton Convention Center. Edmonton Startup Week runs October 17-22 and features nearly 80 free events, workshops, panels and socials across the city. Register here.

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