The Seattle-based firm, which has invested over $200 million in U.S. startups so far, is already in discussions with Canadian companies and will open a Vancouver office in April. (The Logic)
Skip to content
The Seattle-based firm, which has invested over $200 million in U.S. startups so far, is already in discussions with Canadian companies and will open a Vancouver office in April. (The Logic)
Talking point: Lighter, which raised US$100 million in January, is entering Canada as the technology industry reels from the effects of COVID-19 and calls for new emergency-funding measures. The company lends startups up to $3 million, but takes a cut of monthly revenues instead of equity. It’s partnering with the Canadian branch of accelerator the Founder Institute to offer guidance to startups. Other well-capitalized firms are competing in this space, as well: Toronto-based Clearbanc, which provides growth capital in exchange for a fee, also offers alternatives to the traditional venture capital model, and raised $394 million in July 2019. Montreal-based Corl, which was founded in 2016, has a similar product.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Toronto’s Taalas sells to AMD as AI inference market heats up
Briefing
Manulife expects Hong Kong to be a strength despite China’s tax crackdown
Canadian hacker pleads guilty in Snowflake extortion scheme
Bell’s profits slip as core Canadian telecom business erodes
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
