202222 Nov

Alberta Enterprise Corporation invests further into fintech and other rapid-growth technologies

Summary

This is the second investment by Alberta Enterprise into Relay Ventures.In past funds, Relay has invested in companies including which offers a restaurant customer experience platform, , (acquired by NASDAQ: GNRC) an innovator in connected home security and climate control products, Calgary-headquartered , a technology talent services provider, and , a leader in eco-friendly urban transportation. Their Fund V investments include Alberta-based fintech company, miQ, a savings and credit building platform that aims to provide greater access to new-to-credit and new-to-Canada consumers.Relay has offices in Toronto, Calgary, and San Francisco. "It is great to see Relay continuing to focus on Alberta as a vibrant technology economy and carrying on the growth momentum started with its last fund. "This investment further expands the capital and expertise available to startups that create jobs and diversify Albertas economy," said Nate Glubish, Minister of Technology and Innovation. We look forward to continuing to bring our capital and experience to help more Alberta-headquartered companies, such as miQ and MobSquad, become global champions.

Source: Newswire

Funding

$10M
Amount
Nov 22 2022
Date
-
Investor
Relay Ventures
Company

Classifications

Companies