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News

After raising $100 million, this is what the future looks like for Andela

February 12, 2019 / Source: Pulse

In January 2019, Andela, a company that develops software engineering talent in Africa and outsources them to clients around, raised $100 million in Series D funding.

Generation Investment Management, an investment firm chaired by Al Gore, the former vice president of the US, led the round.

Omowale David-Ashiru, Country Director at Andela, says the new investment will help Andela “accelerate the development of Africa’s best tech talent in Nigeria and beyond.”

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FLIR Systems Acquires Aeryon Labs for $200M

January 28, 2019 / Source: Business Wire

FLIR Systems, Inc. announced today that it has acquired Aeryon Labs Inc., a leading developer of high-performance unmanned aerial systems (UAS) for the global military, public safety, and critical infrastructure markets for $200 million. Aeryon’s vertical takeoff and landing quad-copter airframes integrate multiple sensors, including FLIR thermal technology, to provide users with immediate high-resolution intelligence, surveillance, and reconnaissance (ISR) capability.

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Connecting African software developers with top tech companies nets Andela $100 million

January 23, 2019 / Source: TechCrunch

Andela, the company that connects Africa’s top software developers with technology companies from the U.S. and around the world, has raised $100 million in a new round of funding.

The new financing from Generation Investment Management (the investment fund co-founded by former Vice President Al Gore) puts the valuation of the company at somewhere between $600 million and $700 million, based on data available from PitchBook on the company’s valuation following its previous $40 million funding.

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JANUARY INVESTOR MEETING RECAP

January 22, 2019 / Source: GTAN

On Tuesday, January 22nd, GTAN members, entrepreneurs and special guests gathered at Bingemans for the first Investor Meeting of 2019. This month, guests included Michael Harris Jr., Member of the Ontario Provincial Parliament of Kitchener-Conestoga, students and professors from the Wilfrid Laurier University Startup Fund and the University of Waterloo Student Venture Fund.

Attendees heard pitches from three early-stage companies: iRegained, myBrokerBee and Sonnet Labs.

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2018 in Review

January 21, 2019 / Source: GTAN

The past 12 months have been some of the most eventful for the Golden Triangle Angel Network. With four exciting exits and the formation of our alliance with two other Angel Groups, 2018 was a record breaking year for GTAN.

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Startup lands plum assignment at the University of Waterloo

January 2, 2019 / Source: The Record

WATERLOO — If increased exposure translates into more sales, a local startup is in for a very good year.

Plum developed a cutting-edge software platform that uses artificial intelligence and industrial-organizational psychology to help companies find the best applicants among the resumés.

With funding from the Build in Canada Innovation program, the University of Waterloo's co-operative education program is now using Plum to match 20,000 students a year with positions at 7,000 top employers across North America.

 
 
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The dream of sight come true

December 24, 2018 / Source: Lexington Herald Leader

Joe Marques, who is legally blind, received the gift of sight this year thanks to the generous donations from Book of Dreams readers which bought him a pair of eSight glasses.

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Technology: Toronto Storeys’ Real Estate Influencer of the Year

December 19, 2018 / Source: Toronto Storeys

Anyone who’s ever bought, sold or rented real estate knows that the process isn’t friendly on first timers.

How do I find an agent? What do I need to know? How does the process work?

The real estate industry is muddy. The answers are buried in an outdated business model that has lagged behind other industries and their tech-fueled evolutions.

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DECEMBER INVESTOR MEETING RECAP

December 18, 2018 / Source: GTAN

On Tuesday, December 18th, GTAN members, entrepreneurs and special guests, including students and professors from The Lazaridis School of Business and Economics, gathered at Bingemans for the last Investor Meeting of 2018.

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Todd Bissett Interview

December 11, 2018 / Source: GTAN

We recently sat down with Todd Bissett, Chair of the GTAN Board. Todd is a corporate and commercial lawyer and partner in the Waterloo office of Miller Thomson. He practices primarily in the areas of private equity and venture capital, equity and debt financing, mergers and acquisitions and general corporate and business law.

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