An item from one of our fellow Canadian organizations in the Bay Area.
WATCH: RAISING YOUR SERIES B – INSIDER INSIGHTS FROM THE OTHER SIDE OF THE TABLE
C100 Members & Fellows sat down recently with Elliott Robinson (Partner, Bessemer Venture Partners) and Dionne Chingkoe (Principal, Insight Partners) who shared their insights on what founders need to know when raising a Series B, from metrics and process to benchmarking and more.
Meet the Discussion Leaders:
- Elliott Robinson is a Partner at Bessemer Venture Partners, leading growth equity invetments across the Cloud Software, Digital Health, Consumer internet and Frontier Technology sectors. Based in the Bay Area, Elliott is an active investor in Canada, he and Bessemer recently led the Series C and joined the board of imply.io (Co-Founded & led by C100 Member Fangjin (FJ) Yang)).
- Dionne Chingkoe is a Principal at Insight Partners, working closely with portfolio companies to accelerate growth and drive market dilligence for potential invesments. Insight is focused on investments in software companies, with $30+ billion in capital commitments, invements in more than 400 companies and having completed 200+ M&A transactions for portfolio companies.
RSVP TODAY: A CONVERSATION ON RISK-TAKING WITH TECHNOLOGY EXECUTIVE & C100 CHARTER MEMBER SUKHINDER SINGH CASSIDY
Join us for an intimate fireside chat with Sukhinder Singh Cassidy, one of Silicon Valley’s most admired leaders, a valued C100 Charter Member and author of her most recent book, CHOOSE POSSIBILITY: Take Risks and Thrive (Even When You Fail).
Sukhinder Singh Cassidy is a leading digital CEO and entrepreneur with more than 25 years of leadership experience founding, scaling and advising companies including Google, Amazon, StubHub, Yodlee and more. She is currently Founder and Chairman of theBoardlist, a premium talent marketplace for diverse leaders to be recommended and discovered for board and executive opportunities. Most recently, Sukhinder served as the leader of StubHub, the premiere global consumer ticketing marketplace for live entertainment, which her and her team sold for $4 billion in February 2020.
COMMUNITY UPDATES & MEMBERS IN THE NEWS
Congratulations to Patrick Pichette (Chairman of the Board at Twitter & C100 Charter Member) who has been appointed to the board of directors of Wealthsimple.
Waterloo-Kitchener-based Communitech has announced that it is acquiring Prospect, Canada’s largest startup job board. Congratulations to Communitech’s CEO & President Chris Albinson (C100’s Co-Founder) and Prospect’s Co-Founder & CEO Marianne Bulger (C100 Member) on this partnership that undoubtedly will help elevate and connect top talent with Canada’s startups.
Ontario based Auvik Networks (48Hrs 2015 Alumnus) has taken on $250-million in investment, from private-equity firm Great Hill Partners. Auvik’s leadership team will remain in place and play a central role in this next phase of growth.
Olympic runner, Maddy Price, will be fulfilling her dream to compete in the Olympics and represent Canada as a member of the 4X400 relay team. Maddy is the daughter of Shawn Price, a proud C100 Charter Member and software pioneer, who passed away in 2016 after battling melanoma cancer. Best of luck to Maddy in Tokyo, we are rooting for you!
Land of Unicorns – Canada’s New Bounty of Billion-Dollar Tech Companies. Michele Romanow, Co-Founder & President at Clearco (& C100 Charter Member), and John Stackhouse, Senior Vice-President, Office of the CEO at RBC (proud C100 Foundational Partner) discuss important topics including remote work, post-pandemic entrepreneurship and why “you never have a perfect idea.”
How to Get the Most out of Quarterly Board Meetings. Liran Belenzon (Co-Founder & CEO at BenchSci & C100 Member) recently published his key best practices to follow in order to make your board meetings more effective!
On ethical AI, the world is calling – and it’s time for Canada to answer. Chris Albinson, CEO & President at Communitech (& Co-Founder at C100), believes Canada has a “massive opportunity in front of us: to lead the world in creating and commercializing applied, ethical artificial intelligence.”
A can’t-miss article highlighting Canada’s booming startup market that has seen more capital raised in the first half of 2021 ($6.3-billion across 414 deals, per CB Insights data) compared to all of 2020 (617 deals raising a total of $2.9-billion in total capital raised
Zynga becomes a Great Place to Work-Certified company in the US. with The global authority on workplace culture found that 95 percent of Zynga employees said the company is a great place to work, mirroring Zynga’s focus on company culture. Chief People Officer Jeff Ryan (C100 Charter Member) shared his thoughts in the piece.
Montreal-based Algolux (48Hrs 2017 Alumnus), a globally recognized computer vision software company, announced it has raised $18.4 million in Series B funding. Algolux is led by President & CEO Allan Benchetrit (C100 Member).
Toronto-based AI startup Deep Genomics has secured $180-million in Series C financing, led by SoftBank Vision Fund 2. Deep Genomics uses AI and machine learning to program and prioritize transformational RNA therapeutics for genetic diseases.
With cyberattacks and threats on the rise, investments into cybersecurity start-ups continue to surge. $12.2 billion has been into cybersecurity companies so far this year, nearly $2 billion more than the total for all of 2020. Netskope’s founder & CEO, Sanjay Beri (C100 Charter Member) was featured in the New York Times artcile on the topic. Last year, Netskope has one of the largest raises in cybersecurity of the year ($300-million), increasing its valuation to $2.8-billion.
Congratulations to Andrew Lindsay (VP of Corporate & Business Development at HubSpot & C100 Member) who has been appointed to the board of directors of Asana.
Toronto-based cybersecurity startup 1Password has raised $100-million in an Accel-led round of funding at a $2-billion valuation (double its 2019 valuation). A number of institutional and angel investors participated, including Ashton Kutcher’s Sound Ventures, Kim Jackson’s Skip Capital, Slack Co-Founder and CEO Stewart Butterfield, Shopify CEO Tobias Lutke, Squarespace CEO Anthony Caselana and Eventbrite Co-Founder Kevin Hartz.