Business beat followups: Downtown, development, and dog treats
By
Karen Unland
Just because a story is written doesn't mean it's over. Here are some updates on business stories we covered in 2022:
Downtown daycares in danger of succumbing to pandemic (Jan. 14, 2022)
The original story: The prolonged closure of downtown offices due to the pandemic was making it increasingly difficult for daycares in the heart of the city to stay open.
Then what?: The provincial work-from-home mandate expired in early March, and the Edmonton Downtown Business Association was expecting 70% of downtown office workers to return by the end of 2022, based on a survey it commissioned. But workers did not return at the expected pace, and downtown office vacancy exceeded 11% by the end of the third quarter. Even if they had returned, the EDBA survey indicated that the availability of downtown childcare was not key to most workers' decisions on whether to return to the office. It's All About Kids Daycare, which was featured in Taproot's story, has indeed closed.
Sprout Fund II nears $10M target to put into seed-stage tech companies (Jan. 21, 2022)
The original story: Sprout.vc's Sprout Fund II was nearing its $10-million target, with plans to invest in B2B software-as-a-service companies in Western Canada.
Then what?: The firm announced the first close of the fund in May. "We expect to see even more growth in the quality and quantity of high-quality startups in (Western) Canada as a result of the maturing of our ecosystems and the launch of major accelerators in Alberta," partner Shaheel Hooda told Betakit. The fund went on to invest in B.C. startups LetHub, Swede, and Frontly, followed by Victoria's Care2Talk in June, and it participated in Truffle's $2.3-million round in July.
Future Fields co-founder Lejjy Gafour joins CULT Food Science (Feb. 2, 2022)
The original story: Lejjy Gafour left the Y-Combinator-backed Future Fields to join CULT Food Science, an investment platform working to advance cellular agriculture.
Then what?: In December, CULT signed a memorandum of understanding with the University of Alberta and New Harvest to establish the Institute of Cellular Agriculture. This followed the launch of Open Cell Agin June. Meanwhile, co-founders Matt and Jalene Anderson-Baron have shifted Future Fields towards sustainably creating growth factors for all kinds of science, including but not limited to cellular agriculture, using its fruit-fly-based EntoEngine platform. Nobel Prize laureate Michael Houghton joined the board in August.