May 9, 2016, SAN FRANCISCO - 2016 looks to be the year of the Canadian startup ecosystem. According to Bloomberg, Q1 has set the record for Venture Capital raised nationwide, with over C$900 Million invested so far. With the new administration now firmly in place (not to mention two C100 Charter Members on Trudeau’s Advisory Council on Economic Growth), innovation and startup acceleration have become popular topics from the dinner table to the board room nationwide.
48Hrs in the Valley is C100’s signature program for mentoring, connecting and inspiring Canada’s most promising startup entrepreneurs. This year’s theme, “Capital Matters: Human. Financial. Social.” will focus on the three main principles founders are encouraged to understand in relation to raising, growing and leveraging different forms of capital in order to succeed on the global stage. Many of C100’s Charter Members actively participate in the program, providing thought leadership, mentorship and for a select few, direct investment.
“Our goal with the 48Hrs program is to help startups from across Canada understand just how high the bar is, in order to succeed in a competitive market like Silicon Valley,” said Terry Doyle, Co Chair of the C100. “We hope that we provide each 48Hrs cohort with the skills and connections to return to Canada and build world class companies.”
This year, C100 created its Ambassador Program in an effort to leverage Canadian connections with close ties to startup communities across the country. These individuals have referred the most promising companies from each major metropolitan region in addition to nominations from sponsors and partners. The 48Hrs selection committee, made up of a mix of investors and executives in operating roles at technology companies, met over the course of 6 weeks, to review each of the applicants for the program. Applicants came from industries ranging from gaming and VR to farming and “food tech”, addressing a wide variety of markets.
This increased reach, along with clear criteria to be considered to participate in the program, has resulted in an exceptional group of companies. The C100 is pleased to announce the following companies as the 48Hrs in the Valley 2016 Summer cohort:
Cloud Diagnostics (Kitchener)
Karoleena (Okanagan Falls)
Matter and Form (Toronto)
Collectively, these companies have raised over C$75 million in private funding to date and employ an average of 20 employees per company.
C100 is generously supported by our partners, including our premier partners: BDC Capital, CIBC, D+H, KPMG, Manulife, and RBC. Thank you to the sponsors who participated in the nomination process, our incredible selection committee and our hosts in San Francisco: Bloomberg Tech and 500 Startups.
About C100: C100 is a non-profit, member driven organization built by successful Canadian investors, entrepreneurs and executives who live in or are connected to Silicon Valley. These individuals offer Canadian founders access to the venture capital, mentorship and knowledge necessary for growth at a global scale. Headquartered withinCanada House in downtown San Francisco, C100 is a home away from home for hundreds of Charter Members and alumni from various programs including 48Hrs in the Valley, CEO Summit and more.
Marketing Manager, C100