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The DMZ’s News Roundup: What went down in May

News Roundup

Tag Archives: Bootcamp

The DMZ’s News Roundup: What went down in May

Canada’s venture deal woes, the country’s latest unicorn company and the DMZ’s incoming Bootcamp cohort – this is your monthly DMZ news roundup.

Power up with the DMZ’s News Roundup: a blog series dedicated to providing you with a quick look back on what went down in the Canadian startup and innovation ecosystem this past month.

We’ve got you covered with the most relevant news and notable wins from the ecosystem, DMZ updates and more.

Here’s a rundown of what went down.

INDUSTRY NEWS

New BDC report reveals a record-breaking 2021 for venture capital and private equity deals, while 2022 is expected to experience turbulence

A new BDC report revealed that 2021 was a shattering year for VC, with Canada breaking records by almost every metric. Canada saw a jump in domestic and international VC investing, with 752 deals made, representing $14.7 billion CAD. However, this past quarter, VC deal counts and the money behind private equity deals took a fall. Despite the forecasted challenges, BDC suspects that the startup economy and Canadian entrepreneurs are well-positioned to take them on.

Check out the full report here.

Neo Financial secures $185 million CAD in Series C funding, becomes the country’s newest Unicorn status company

Calgary-based Neo Financial closed their Theil-led Series C funding round, in which they raised $185 million CAD. This additional funding launched the company’s valuation to more than $1 billion CAD, making them the newest tech company to earn official unicorn status in the country. Neo Financial is an online bank bringing a low-fee alternative to the Canadian financial market, helping users save costs on spending and earn high interest on savings.

Learn more here.

Neo Financial becomes Calgary's latest $1 billion tech 'unicorn' | The Star

STARTUP NEWS

SPM solution provider, Forma.AI, is expanding platform development with $45 million CAD secured in Series B funding

DMZ alumni Forma.AI (Incubator ’18), a sales performance management solution provider, recently closed its Series B funding round. With the $45 million CAD secured in funding, they plan on expanding the marketing and development of their fintech platform.

Read more here.

Fable secured $10 million USD to make online accessibility a reality for disabled users

Fable (Incubator ’20), a Toronto-based startup that helps companies make digital products more usable by people with accessibility challenges, announced a $10.5 million USD round in venture capital funding to support the company’s growth. Alwar Pillai, CEO and Co-Founder of Fable, says the company is focusing on unlocking access to more clients by targeting large corporations’ digital teams to target their users.

Check it out here.

WBI-affiliated technology firm CyborgTech to acquire DMZ FinTech alumni Fortuna.AI

DMZ alumni Fortuna.AI (Incubator ’18) announced its acquisition from WBI-affiliated technology firm CyborgTech, home to robo advisory platform Cy, for an undisclosed amount. Fortuna.AI is an AI-powered platform helping financial services scale digital tools to get new clients in the marketing and advertising sector. Fortuna.AI was the winner of the DMZ-Bank of Montreal Fintech accelerator program.

Learn more here.

DMZ NEWS

Introducing the DMZ’s Bootcamp Fall 2022 cohort of cutting-edge tech companies

In a new DMZ blog, we welcome 13 up-and-coming tech companies into our new Bootcamp cohort. Hailing from across Canada, the United States, Brazil, Estonia and Africa, this new cohort is already hitting above their own weight in a diverse range of industries. Check out all the companies in our new Bootcamp cohort here.

Looking for more startup ecosystem news and DMZ updates? Subscribe to our bi-weekly newsletter to stay in the know here.

Meet 13 up-and-coming tech startups in the DMZ’s Bootcamp

Introducing a new cohort of Bootcamp companies who are hitting above their weight across a diverse range of industries

Our newest Bootcamp cohort is in full swing, and we are thrilled to present the 13 tech companies that we have hand-selected to take their businesses to the next level. For the next six weeks, the DMZ will help these founders validate their business idea, establish a minimum viable product and build a roadmap for implementation to launch their startup.

Our Bootcamp founders get the chance to participate in peer-to-peer sessions, founder roundtables and expert-led workshops, receive 80+ membership benefits valued at $470,000+, have one-on-one support from our DMZ Program Leads and much more. Post-graduation, they will be on track to launch their startup within three months and generate revenue within six, allowing them to kick-start their entrepreneurial journey!

We are delighted to share that our new cohort of startups have a global reach, with startups across Canada, the United States, Brazil, Estonia and Africa.

So, without further ado, please welcome our incoming cohort of cutting-edge companies:

Newest cohort of DMZ Bootcamp tech startups
BestAuction

Newest cohort of DMZ Bootcamp tech startups: bestauction

BestAuction is a digital platform designed for individuals and SMBs to manage the procurement process and initiate digital cross-collaboration.

Troop Impact

Woman Founders stream
Newest cohort of DMZ Bootcamp tech startups: troopTroop Impact is a social impact tech platform for SMBs that allows businesses to meet the social responsibility demands of employees and customers by voting monthly on where their company’s social impact dollars will be allocated.

TechFusion

Black Innovation Program stream
TechFusion is an accessible digital banking platform for credit unions, cooperatives and savings groups, targeted toward the unbanked and underserved in Africa.

SensaioTech

Newest cohort of DMZ Bootcamp tech startups: SensaiotechSensaioTech is an end-to-end fire risk assessment solution that is able to monitor and predict when and where a wildfire will occur using artificial intelligence.

Paysync

Black Innovations Programs stream
PaySync is a financial technology services company developing financial solutions for employee wellbeing and productivity.

Gander

Black Innovation Program stream
Gander is a B2B, subscription-based, AR and 3D modelling API plug-in service designed to allow customers to virtually interact with products on e-commerce sites.

ZewalletZewallet

Zewallet allows customers to scan a QR code to tip, split and pay a bill at the end of their meals, benefitting both customer experiences and merchants in cost and time efficiency and in increased revenue.

ZaNiheza

Woman Founders stream and Black Innovation Programs stream
Newest cohort of DMZ Bootcamp tech startups: Za NihezaZaNiheza is a dual booking software and travel marketplace that empowers verified operators to list and sell quality experiences online to travellers.

Sleekscore

Black Innovation Program stream
Sleekscore is a financial technology company that seeks to assist those who are either unfamiliar with credit or inadequately served by traditional financial products to build and improve their credit scores while getting into the habit of saving money.

Scooli

Black Innovation Program stream
Scooli is a one-stop-shop digital solution for educators that minimizes the time teachers and administrators spend on redundant administrative tasks.

Frenzy Brands

Frenzy Brands

Woman Founders stream
Frenzy Brands extends a child’s understanding of the stock market, business and investing with a focus on learning through play.

LeaderTree

Black Innovation Program stream
LeaderTree is a single integrated platform that enables effective leaders,

teams, collaboration and results through assessments, training, coaching and tools to understand strengths, needs, tendencies and preferences.

DataCalculus

Woman Founders stream
Data CalculusDataCalculus is an automated software that acts like a personal computer but for the purpose of advanced data analytics and machine learning for the mass market.

 

If you are an early-stage tech founder and are interested in joining the DMZ Bootcamp alongside amazing peers like these, check out more about the program and its selection criteria here. Our next cohort kicks off September 2022!

23 up-and-coming tech startups you’ll want to keep an eye on

Meet the DMZ’s newest Bootcamp cohort, 23 companies who are innovating across diverse industries


Our newest
Bootcamp cohort is in full swing. The DMZ is ecstatic to present 23 tech companies that have been hand-selected to join this cohort, from startups that produce smart bedsheets, to platforms that help businesses share data about their carbon footprint. For the next 6 weeks, the DMZ will help these founders validate their business idea, establish a minimum viable product, and build a roadmap for implementation to launch their startup.

Bootcamp founders participate in peer-to-peer sessions, founder roundtables, and expert-led workshops. They receive 80+ membership benefits valued at $470,000+, have one-on-one support from our Program Leads, and much more. Post-graduation, they will be on track to launch their startup within 3 months and generate revenue within 6, allowing them to kick-start their entrepreneurial journey!

The cohort has founders based in Canada, U.S., U.K., and Ukraine.

Keep an eye out for these startups who are making major waves in tech:

lightster image
Lightster
offers a mobile platform for customer interviews on-demand.  They enable Product Managers & Entrepreneurs (Creators) to talk to target customers (Lightsters) in 60 seconds, allowing anyone to earn $60 an hour by being their true self with no investment or skillsets required.

notion patch
Notion Patch is an ed-tech startup offering online XR exams. Identifying the need for online exam security and XR technology positions, Notion Patch offers customers to complete certified & approved exams online in Virtual Reality, Augmented Reality, or with a Smartphone AR App.

 

crowdparty
Crowd Party Inc.
is the Netflix for workplace games, allowing teams to build joyful connections remotely or in a hybrid working environment.

 

ballstreet image
BallStreet
is building a fractionalized stock market for trading sports cards on the blockchain. They enable card owners to earn royalties and buyers to invest in fractional ownership in the sports world’s most sought-after collectibles.

 

carbongraph
Carbon Graph is a communications platform for businesses to share data about the carbon footprint of their products. It is the first of its kind to enable complex, global supply chains to achieve carbon transparency and associated ROI.

 

carjuggle
Car Juggle
is a platform where users can appraise, buy, sell, or lease a pre-owned vehicle, with the ability to determine fair market value, list or buy, and get instant offers from dealers, including international buyers.

 

swftr image
SWFTR
provides a platform to streamline the process of making critical deliveries with high reliability, transparency, and efficiency. Equipped with a technology-enabled platform and scalable network of delivery professionals, SWFTR offers clients a holistic critical logistics solution, allowing them to focus on their day-to-day operations.

 

dwella image
Dwella
is a prop-tech company aiming to democratize real estate investing. By leveraging the ethereum blockchain, Dwella is making fractional ownership possible and providing liquidity.

 

tailwind
Tailwind is an online guidance counselling platform that helps students make a successful transition into the first year of post-secondary school.

 

litespace image
Litespace
is a modern, hybrid, and remote workplace solution focused on optimizing efficiency and engagement in the workspace. Through AI, Litespaces enables efficient collaboration among employees based on their statuses, teams, roles, and their proximity to each other.

 

noxware
Noxware Ltd.
is a MedTech startup that produces smart bedsheets for remote health monitoring for seniors requiring telehealth services at home. Noxware’s bedsheets can detect different patterns of body movement, perform remote rehabilitation, and monitor cardiovascular abnormalities and sleep disorders.

 

gobazzinga image
GoBazzinga
is a blockchain-powered gamified social media platform that helps creators in developing faster monetization of sustainable revenue streams that allows them to continue doing what they love.

 

quanta vici image
Quanta Vici
is a smart wearable tech startup that was born to expand the spectrum of human senses and abilities through practical day-to-day smart wearable technologies. Their products include Smart Heated Wearables, a product line of gloves and socks that sense and maintain the exact temperature clients personally chose.

oo

Cartoonely is a marketplace that helps customers purchase custom art made by real artists. Cartoonely has sold custom portraits across 14 different countries within a year.

 

round
Round the Block
offers a mobile app that helps students find driving instructors easily. They also organize instructor schedules and handle daily marketing, enabling instructors to focus on teaching.

 

virtue image
Virtue
is a Chrome extension that empowers consumers to make a change by leveraging their buying decisions. Virtue activates when users shop online while seamlessly recommending 300+ Black-owned alternative businesses.

 

baa
Beauty N Brushes
is a social beauty booking web app connecting women and People of Colour to Black beauty professionals. It allows clients to explore the Black beauty looks they love and book the professionals responsible for those looks.

 

arrow
Simplicad
is building a SaaS-enabled marketplace that allows homeowners to order custom ironwork from all around the world.

 

snap write ai
SnapWrite AI
uses product images to generate product features and product descriptions for eCommerce companies. They provide tools for retailers, independent store owners, in-house marketing teams, and copywriters to structure a brand’s catalogue.

 

brainbot
Brainbot is a personalized concussion recovery app that gamifies recovery, focusing on tracking activities and symptoms and providing the clear guidance survivors seek. Their platform connects users virtually with licensed Occupational Therapists for enriched support. Shelley Vaisberg, Brainbot’s founder, is available for private consultation here.

 

granularity​​
Granularity helps businesses decide how much to order and how often with improved accuracy. Granularity infuses demand forecasting with AI and big data, using social media, macroeconomics, and more.

 

visionai
VisionAI Solutions
integrates data from wearables and medical devices and patient EMR (Electronic Medical Record) data to provide real-time data on homecare, retirement home, and long-term care clients.

carbongraph
Vicuna Corp
is an ed-tech startup that houses Scholaebot, a smart engine streamlining the creation, generation, editing, and management of mathematics content with minimal user input. Scholaebot consists of a base repository of mathematics template questions, and analyses and generates similar questions based on those templates.

 

If you are an early-stage tech founder and are interested in joining the DMZ Bootcamp, check out more about the program details and selection criteria here.

 

Meet 25 up-and-coming tech startups in the DMZ’s Bootcamp

Introducing a new cohort of Bootcamp companies who are making waves across diverse industries 

Our newest Bootcamp cohort is in full swing, and we are ecstatic to present the 25 tech companies that we have hand-selected to help grow. For the next 6 weeks, the DMZ will help these founders validate their business idea, establish a minimum viable product and build a roadmap for implementation to launch their startup.

Our Bootcamp founders get the chance to participate in peer-to-peer sessions, founder roundtables and expert-led workshops, receive 80+ membership benefits valued at $470,000+, have one-on-one support from our Program Leads, and much more. Post-graduation, they will be on track to launch their startup within 3 months and generate revenue within 6, allowing them to kick-start their entrepreneurial journey!

We are thrilled to share that our new cohort has a global reach, with startups based across 8 different countries: Canada, Italy, Nigeria, U.S., Iran, Pakistan, Korea, and England. 

What are we waiting for? Meet the 25 startups in our summer Bootcamp cohort:


afrilearn image
Afrilearn is an education technology corporation leveraging seasoned teachers, animators and developers to deliver affordable, world-class education for Africans anywhere.
Glo3DInc

Glo3D offers a simplified mobile and web app for any eCommerce platforms to create, share and embed interactive, multimedia 2D and 3D product photos to their online stores.

 

PaydApp is Canada’s first financial app dedicated to post-secondary education. Payd leverages natural spending habits of current, former, and future students to help them pay off their student debt with ease, limiting financial stress and hardship. 


Websona connects students with campus involvement opportunities and fellow students. It allows users to connect with each other instantly by scanning their digital profile QR Code and filters extra-curricular events for users through tags.

 

Diatron Health is a health tech startup that is revolutionizing how chronic conditions can be prevented, managed and diagnosed by leveraging on the power of behavioural science, mobile computing, artificial intelligence and data science.


Stabl
is the first digital health platform with integration capabilities that enables physiotherapists providing virtual care to track and quantify a patient’s biomechanics using laptop cameras. Physios can diagnose a patient, create treatment plans, and monitor their improvements through reassessments, providing a more effective and transparent approach to virtual physiotherapy.

 

Ationlab is a lifestyle-design company that pursues social missions supporting sustainable, independent life in contemporary society. Their recently launched self-care app, Prickly, provides support to single-person households. They are also working on a portable UVC sterilizer and a mobile dumbbell using EMS technology.


TimeoutIQ Tech is an AI-powered solution that helps parents manage their kids’ recreational screen time and keeps their minds sharp with a personalized interactive K-8 education curriculum focused on Science, Math, Geography, Computer Science and English.

 


Visto is automating the immigration process to help people navigate the immigration journey at a fraction of the price. The immigration process can be extremely expensive, confusing and stressful, and Visto’s software solution was designed to empower  immigrants to go through the process on their own.

 

SCYiBL is a 6 step neuro-scientific process that helps individuals work through trauma. The app guides users to rewire their own brain using an innovative, scientifically-proven process that harnesses brain plasticity to help individuals overcome negative life events and thrive.

 


Lobbea is a private social network for apartment buildings that helps its residents communicate through a shared feed wall, as well as buy, sell, lend, and borrow items, create events, and send messages to their neighbours.

 


Djamgatech Corp builds multilingual and platform independent high tech education and certification mobile applications. Their objective is to have a global reach and help professionals and students prepare for their technical certification directly from their mobile phone.

 

iReal is the first Real-Estate-Data-Platform-as-a-Service with made-to-measure AI and NLP, capturing each organization’s ‘secret sauce’ to help them become the real estate company their clients expect.

Podium Team is a vertically integrated social media platform that connects, engages, and supports the athlete-fan community by empowering users to own and control their content and monetization.

 

PHYSICo is an application for companies to proactively identify and reduce burnout in their employees. Users send physical and custom challenges to each other and earn points for completing challenges. 

IMC Business Architecture has developed a mobile app-based banking solution that helps users build a budget using behavioural economic tools, as well as receive access to small credit for credit repair and savings tools for planning.

 

Curismart is a marketplace platform that allows healthcare professionals to only shop from verified sellers globally. This marketplace offers everything used in a healthcare facility from bin liners, materials, supplies, devices or capital equipment.

 

Pandos is an online platform that enables remote collaboration and teamwork in post-secondary programs. Students can use the platform to form and manage teams, while instructors can create teams based on criteria and assign tasks.

 

Voiceform is an online tool that gives you the ability to create surveys that can be answered with voice. It provides a convenient way to scale your research without losing the important contextual insights you would get from interviews.

 

Hutsy Financial is a Canadian digital bank committed to offering a fee-free prepaid VISA debit card with up to 30% cash back at select retailers, accompanied by an application that enables clients to track their spending and have access to early payroll.

 

Revitalizing Fitness is developing Toronto’s preeminent network of fitness and health spaces, both virtual and brick and mortar, by partnering with community gyms to develop and elevate the customer and trainer experience.

 

Bloc of Estate uses an intuitive gesture-based interface where users can share their home preferences. With that data, machine learning will automatically rank listings inferred from inputs so users waste less time going through listings.

 

Adam Wa Mishmish  is an educational cartoon created for children to learn and love the Arabic language. Catered to children aged 0 to 5, all episodes are music based for Arabic learning. Each episode focuses on a different subject, ranging from alphabets, numbers, musical instruments, animals, and more.

Blox is focused on developing supply chain technology to help clients save costs and increase visibility to their supply chain.

 


Tilaus
 helps small Canadian accounting firms to confidently implement changing professional requirements in a cost-effective, efficient and secure manner.  The cloud-based platform allows partners and sole practitioners in accounting firms to access and store client information in real-time, reducing the need for servers and outdated information.

 

If you are an early-stage tech founder and are interested in joining the DMZ Bootcamp, then check out more about the program details and selection criteria here

Applications are now being accepted for the October 2021 cohort. Apply here today!