The company’s Series A financing was led by BDC Capital and Yaletown Capital Partners, with participation from existing investors First Ascent Ventures and Extreme Venture Partners. (The Logic)
Talking point: ThinkData’s end-to-end management platform collates data from sources across the world. It’s used by banks like RBC and TD Bank, as well as the federal government and Roche Pharmaceuticals. Since the pandemic started, it has offered researchers free access to its COVID-19 data. The company’s CEO and co-founder Bryan Smith is presently vice-chair of Ontario’s Digital andData Task Force, which is developing a provincial data strategy. With the new funds, ThinkData plans to expand its sales and marketing team and expand globally.