Edmonton's tech ecosystem wraps up stellar year, anticipates more growth in 2022
By
Emily Rendell-Watson
in the
Tech Roundup
From startups to scaleups, pivots, new investments, and funding announcements, Edmonton's tech ecosystem flourished in 2021 despite the pandemic.
"Edmonton was recently named the fastest-growing tech sector in North America (by CBRE)," Catherine Warren, CEO of Innovate Edmonton, told Taproot. "And we are one of the top three cities globally for affordable tech talent, with over 50% growth in our talent pool in the past five years," she continued.
"Currently, there are more than 930 startups and scaleups in the region, working on solutions to some of the world's biggest issues, including pandemic recovery, clean energy, and digital equality."
This past year saw the city crack the top 50 on CBRE's list of the top tech talent markets in North America; female entrepreneurs Ashlyn Bernier and Abby Aiyeleye were honoured for their contributions and success in the industry; new startups like Llearner and Zipstall grew; AltaML announced a collaboration to help students gain experience with AI projects; TalkMaze founder Ghalia Aamer represented the city internationally; and Future Fields shipped its first commercial project and raised $2.2 million in seed funding.
Many other local entrepreneurs also raised financing to grow their businesses: Showbie announced that it raised an additional $7.5 million in Series A financing in February; G2V Optics secured $2.6 million in growth capital; QuoteToMe raised $2.5 million to scale up; dealcloser secured $1.75 million; and more.
Plus, TEC Edmonton shut down at the end of June to reflect the needs of the evolving tech sector; the first YEG Startup Community Awards were hosted; and Startup TNT organized Investment Summits III and IV, resulting in more than $2 million invested in Prairie companies.