OneEleven is proud to have welcomed two new companies to the fold this week: Clik.ai and Together Software.
Clik, pictured, is an AI-powered instant commercial real estate underwriting platform and a commercial loan marketplace that supports over $1billion in commercial real estate transactions every month.
And Together is a best-in-class mentoring software start-up, which built a super easy-to-use HR program that manages and measures a formal mentorship program in the workplace.
A very warm welcome to you both!
Maple Celebrates New Funding and New Digs It’s been a very good week for our favourite alumni telemedicine platform Maple. On Wednesday, they celebrated their new office space at Adelaide and Spadina, inviting clients for a drink and some apps. But there was even better news to toast — a $14.5million investment between an oversubscribed funding round and an investment from RBC earlier this year. The funding round, led by growth VC investor Acton Capital, includes an investment by SE Health, Canada’s largest diversified home health institution, which is huge (it also comes on the heels of a record year in which Maple grew its revenue SIX TIMES). Maple plans to use the new funding to expand its hospital and home care arms, as well as continuing to strengthen their growing user-facing platform.
OneEleven Partners With Silicon Valley Bank We’re so excited to announce this partnership with SVB, a great financial institution that aims to help innovative companies and their investors be successful at every stage of their lifecycle. The Bay Area bank expanded north of the border earlier this year, and are amping up their work to support innovative companies like yours by partnering with us. “SVB and OneEleven are aligned in their missions to support the growth of innovative companies in Canada,” said Win Bear, Head of Business Development in Canada at SVB. “We’re proud to partner with OneEleven to bring resources and growth opportunities to this group of incredible companies and facilitate their scalability and success in a competitive, global environment.”
Our Companies’ New Products Take Off Big congrats to NorthOne and Fellow.app for launching new products!
As NorthOne CEO Eytan Bensoussan told us at our Community Lunch this week, the company just launched a best-in-class chequing (or checking, if you’re American) account for small businesses, beginning in the US. Their strategic partnership with Boston-based Radius Bank will make banking more accessible to new entrepreneurs and change the way small businesses bank.
And Fellow has been killing it this week as they launch their app on Product Hunt, a curation site for the best new products in tech. This means that after two years in construction, their app is now available to a wider audience. This “manager’s co-pilot” received 1000+ votes on the site in a matter of days, adding more excitement to the company, which just this summer received $6.5 million in seed funding and scored Shopify as their first big customer.
September 2019 Programming Highlights
Sept 17th – Unconscious Bias In Hiring Mike Corbett and Emily Rice of CoreHR delve into the world of unconscious bias in the workplace. Tips and tricks on how you can become aware of these tendencies and how to change your way of thinking for hiring and retaining diverse talent.
Sept 17th – Globe and Mail Content Studio Office Hours
Sept 18th – Community Lunch Introducing member companies GatikAI, Clik and Together and announcing big news and product launches from FableTech and NorthOne.
Sept. 24: Investment Strategy Office Hours Dean Hopkins, OneEleven Chair and COO at Oxford Properties, offers strategic planning insights for companies planning a raise.
Sept 25: When is it too early to shape high performing cultures to scale up? The first session of Crestcom’s OneEleven leadership program designed for founders and their senior teams, this session will focus on the critical elements of building a value-based, high performing culture.
Sept 25 – Fuckup Nights at OneEleven. Retail & E-commerce Fails Fuckup Nights Toronto is a speaker series and community that’s part of a growing global movement, sharing stories of business failure. The stories of the business that crashes and burns, the partnership deal that goes sour, the product that has to be recalled, we tell them all.
Sept 26 – Portag3 Office Hours
Sept 26 – Start Up Open House at Elevate OneEleven will open its doors as part of Elevate, with participating member companies Cinchy, FormHero, Klir, Nudge.ai, PolicyMe, Savvyy, Toolbx and Zoom.ai.
Sept 27 Close Quarters Community members say goodbye to Q3 and hello to some tunes and refreshments.
Silicon Valley Bank Partners with OneEleven There is no doubt that Canada is a growing centre of talent, innovation and investment opportunities. As Canada continues to establish its prominence in the global technology landscape, Silicon Valley Bank (SVB) aims to help innovative companies and their investors be successful at every stage of their lifecycle.
After officially launching in Canada earlier this year, SVB is furthering its commitment to supporting Canada’s most innovative companies through a partnership with OneEleven, a community of more than 50 high-growth scale-ups based out of a 100,000 square foot facility in the downtown Toronto core.
“SVB and OneEleven are aligned in their missions to support the growth of innovative companies in Canada,” said Win Bear, Head of Business Development in Canada at SVB. “We’re proud to partner with OneEleven to bring resources and growth opportunities to this group of incredible companies and facilitate their scalability and success in a competitive, global environment.”
SVB offers a range of specialized financial services through locations around the world and has provided financial services via its US operations since 2000. Canadian clients include 360insights, Borrowell, Drop, Wave, Xanadu, HLS Therapeutics and Xenon Pharmaceuticals.
“Our mandate is to help Toronto tech companies grow quickly, sustainably and impactfully, bringing new ideas and industries to market,” said Siri Agrell, OneEleven’s Executive Director. “We want partners who understand what our companies need and how they can help, and I know that SVB is absolutely aligned with our mandate and driven to help our companies scale.”
Through the partnership, SVB will provide support and expertise to OneEleven companies through bi-monthly office hours and a series of curated programming events focused on issues of scale, and will participate in quarterly investor showcases, providing expert feedback and insights to participating member companies.