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The Review

DMZ extending a hand to OneEleven based businesses  

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DMZ extending a hand to OneEleven based businesses  

Like you, we were saddened to hear yesterday’s news regarding OneEleven’s closure. 

OneEleven has always been a close partner of the DMZ. As an organization, OneEleven helped pave the way for many great startups in this country, and their closure represents a significant loss to Canada’s tech ecosystem.

The DMZ’s priority is to support made in Canada startups. Although this is a challenging time for incubator and accelerator programs, we want to reaffirm to our community that the DMZ is here to stay.

We understand this is a pivotal time for many startups and we’re committed to providing founders from OneEleven with uninterrupted support. So, here’s what we’re doing starting today:

  • Without any need to apply, founders can receive three complimentary mentorship sessions covering any area of business needed from our esteemed entrepreneurs-in-residence and DMZ staff 
  • Should you decide to apply to the DMZ, your application will be expedited
  • If accepted, we will waive fees for the next two months and provide access to all DMZ services. This includes coaching, capital, customers, community and of course, space once offices open back up

Learn more about our program from our founders here. And to learn more about what this could mean for your business, please reach out to Rob from our team. 

We thank OneEleven for all they have done to champion Toronto’s startup community. We hope the team at OneEleven looks back at the great impact they have made in bringing our city’s talent to the global stage.

Sincerely,

Abdullah

DMZWiT: Balance for Better

Today we celebrate women – their strengths, their achievements, their voices.

Women are changing every industry, every political stage and are continuously fighting to create a more gender-balanced world. That said, we make it our everyday mission to champion inclusion, equity and equality. We want to challenge current problematic business norms and help improve the issues women continue to face when it comes to funding, equal pay and professional development.

Our signature Women in Tech speaker series provides a platform for meaningful conversations about what our female entrepreneurs face in their day to day and the necessary steps we need to take as a collective.

Our most recent panel, in partnership with PayPal Canada, featured Althea Wishloff, a Venture Analyst at Panache Ventures, Jamie Rosenblatt, Principal of Golden Ventures, Snita Balsara, Investment Manager at MaRS Discovery District and Investment Manager at StandUP Ventures and moderated by Nancy Sahota, Head of Consumer Segment at PayPal Canada. The discussion was centred around how women can navigate and secure equal funding, how to truly manage work-life balance and how the tech ecosystem can improve their problem with gender parity.

Supporting women is built into our culture, and we’re proud to provide a space for all of our entrepreneurs to connect and support one another. We’re dedicated to delivering on our values – equity over everything and founders first – and look forward to continuing the conversation around equality in business and entrepreneurship.

Happy International Women’s Day to you, your mother’s, sisters, caretakers, colleagues, mentors and every woman who gives you unconditional support!

 

Streamlining patient care with Manny Abraham

Doctors depend on a wide array of systems to provide patient care.

There’s just one problem: none of the them properly talk to each other.

That’s why Manny Abraham created Orbcare Inc., a platform that merges the information doctors use and patients provide, making sense of it all to streamline patient care.

All sorts of similar pain points exist in the medical field and, Abrahams, with over twenty years of experience in the sector, joins BusinessCast host Robert Gold to dive into the exciting fusion of innovation and medicine.

Biotech and healthcare startups are some of the fastest-growing in the world of technology. Investors of every sort are hoping to take a slice of the pie, so much so that healthcare and biotech companies raised over $28 billion in 2018, according to PitchBook.

Abrahams takes us through why it’s such an exciting time for innovation in healthcare and why Canada is uniquely placed to be a major player in the sector.

Expect all that and more in this edition of the BusinessCast Podcast powered by The DMZ.

DMZ Raise Roundup

$4.6 billion. That’s how much Canadian tech companies raised in VC funding in 2018. A record for our country’s thriving sector.

With 2019 well underway, we are already seeing a trail of impressive raises. This week, DMZ startups got a boost with a number of rounds. Here’s the latest on who raised how much, and from whom.

Roofr lands a $4 million seed round

After completing the Y Combinator program, Roofr, a new type of roofing service that uses aerial imagery to provide customers with a free roofing estimate online, announced it raised $4 million led by CrossLink Capital and a line of angel investors.

Currently serving the Bay Area, the entire state of Florida and the province of Ontario, the company plans to use the funding to expand its reach to new marketplaces and has its eyes on the state of Texas. The company will also be growing its engineering, sales and marketing teams.

Photo: Kevin Redman (CTO, Roofr) & Richard Nelson (CEO, Roofr)

NXM raises $7.7 million

NXM Labs Inc., an autonomous security and data integrity company, announced the close of its $CAD7.5 million pre-series A funding led by Cedarpoint investments Inc.

With the IoT industry on track to be one of the fastest moving technology sectors in history, this financing comes at the perfect time. The company will commercialize their award-winning NXM SecureSuite software platform that enables connected devices and systems to manage their own security in order to continue to ward off hackers.

EnergyX raises for further expansion in the U.S.

EnergyX Solutions, an online energy auditing platform, has raised $500,000 from MaRS Investment Accelerator Fund following a $1.3 million raise in August 2018.

Already working with companies like Enbridge, Gas Distribution and CLEAResult, the Toronto-based startup is putting their money towards further expansion in the U.S. where there is a larger market to tap into.

Photo: EnergyX Team @ the DMZ

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