Showbie raises additional $7.5M, sees Edmonton as hub for future growth
By
Emily Rendell-Watson
in the
Tech Roundup
Showbie has successfully raised an additional $7.5 million in Series A financing, which brings the total for this round to $12.5 million. The financing was led by Rhino Ventures last August, with ATB Private Equity joining in along with existing investors and debt financing.
Showbie helps teachers transform their classrooms through tools that help create an "engaging and collaborative virtual learning environment." According to a press release, the platform is currently used by students and teachers in more than 135 countries.
"The local investment is really exciting because with each of these major financings the company will go through a transition to a business at scale. The people in our business going through the transition and beyond will become valuable assets to the region as a whole as they gain new experience which can be helpful to attracting more talent and sharing their knowledge and enthusiasm with the community," Showbie’s CEO and co-founder Colin Bramm told Taproot.
"We intend to keep the hub of Showbie in Edmonton, which will enable us to lay down deeper roots locally and offer valuable career experience to those interested in the tech sector. Having these kinds of local wins can help produce the next generation of talent which can help the flywheel of more company formations and successes over time."