Briefing

Calgary’s Harvest Builders launches investment, rental-property management platforms

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Retail investors will be able to buy exchange-traded funds (ETFs) and alternative securities on OneWealth, while landlords can use Propra to communicate with tenants and schedule maintenance. (The Logic)

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Talking point: Non-profit Harvest helps participating startups with recruiting, marketing, finance and growth for fees or the ability to invest in equity funding rounds. In December 2020, its first venture Neo Financial, a challenger digital bank, raised a $25-million Series A round. The startups “work together as channel partners for each other,” and offer consumers a broader range of financial services together, said Harvest managing director Chris Simair, co-founder of exited Prairie scale-up SkipTheDishes. The model has public-sector backing—the municipal Opportunity Calgary Investment Fund (OCIF) awarded Harvest $4 million in July 2020. Last month, OCIF and provincial agency Alberta Innovates allocated a combined $45 million in funding for more startup accelerators.