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TMX study looks at innovation funding woes

Globe and Mail reports on roundtable recommendations to close growth funding gap.Continue reading

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Roundtable Recommends How to Strengthen Canada’s Innovation Economy

Today the TMX Group released the Advancing Innovation Roundtable report on how to increase access to growth capital for Canadian innovation economy companies as they progress beyond the seed and startup stages.… Continue reading

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Yaletown Newsletter – Newsletter – Yaletown wraps 2016 with Canada’s largest VC backed exit

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Yaletown Newsletter – Yaletown wraps 2016 with Canada’s largest VC-backed exit

Happy New Year everyone.… Continue reading

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Bit Stew Exit Ranked by PitchBook as Top VC-Backed Canadian Deal of 2016

PitchBook, the industry’s leading resource for information about global VC, PE and M&A activity, has ranked Bit Stew as the top VC-Backed Canadian Exit of 2016.… Continue reading

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Access to capital from B.C. government supports growth in tech sector

Yaletown Partners joined the B.C. government and tech community yesterday in a celebration event for Bit Stew, one that highlighted that the #BCTECH Strategy to improve access to capital is paying off as B.C.… Continue reading

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Salil Munjal joins BC Innovation Council Board

Yaletown’s General Partner, Salil Munjal, has joined the board of the BC Innovation Council (BCIC) to help encourage the development and application of advanced or innovative technologies to meet the needs of industry in BC.… Continue reading

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Yaletown and A100 to manage Alberta’s $10M Accelerate Fund II

Today, Alberta Enterprise announced a second early-stage fund called Accelerate Fund II with a $10 million investment. This Fund will focus on providing startup capital to Alberta-based companies concentrated in the sectors of information and communication technology, clean and energy technology, life sciences, as well as agriculture and biotech. Yaletown Partners will manage Accelerate Fund II with The A100 acting as operators of the industry committee.… Continue reading

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Yaletown Partners Investment in IIoT Pays Off with Bit Stew Acquisition by GE Digital

Vancouver, BC – November 16, 2016: Yaletown Partners, the first and largest investor in Bit Stew Systems, was rewarded for its emerging growth investment into Canada’s Industrial Internet of Things future when Bit Stew Systems announced yesterday that the company has been acquired by GE Digital (NYSE: GE).… Continue reading

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GE Digital acquires Burnaby’s Bit Stew in $207-million deal

Excerpt from Vancouver Sun – The architects of B.C. Hydro’s Grid Director smart meter analytics platform already have 100 employees, a figure that is expected to grow as Bit Stew gains access to GE Digital’s global industrial customer base.… Continue reading

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General Electric buys Vancouver startup Bit Stew for $153-million US

Excerpt from Globe and Mail – One of Canada’s most promising startups in the emerging industrial-Internet-of-things (IIoT) space, Vancouver-based Bit Stew Systems Inc., has been purchased by General Electric Co. in a deal to be announced Tuesday that is valued at $153-million (U.S.).… Continue reading