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Waterloo EDC Blog

June Wrap-up: Tech heats up

Posted by Waterloo EDC on July 2, 2021

With the warm weather kicking in, Waterloo tech news got even hotter this month. Big names like MasterClass and Verily have announced expansions into the region while local tech scale-ups Faire, ApplyBoard, SkyWatch and Tulip raised a combined $683M. There’s a lot to cover, but we’re here to fill you in.

Here are the top stories from June 2021:

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Topics: technology, university of waterloo, expansion stories

Waterloo Region-based unicorn ApplyBoard hits $4 billion valuation

Posted by Waterloo EDC on June 15, 2021

ApplyBoard, a Waterloo-based edtech leader, has announced a $375 million Series D funding round that brings the company’s total value to $4 billion.

An online platform that empowers students around the world to access top quality educations, ApplyBoard became a unicorn just one year ago on the back of a $100 million Series B raise. In total, the company has raised at least $600 million since it...

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Topics: technology, talent, expansion stories

Waterloo-based unicorn Faire hits $7 billion valuation

Posted by Waterloo EDC on June 10, 2021

Update: Faire announced a new $400 million Series G raise with a valuation of $12.4 billion on November 16, 2021. 

Faire, the Waterloo-based retail innovator, has announced a new valuation of $7 billion following a $260 million Series F funding round.

As the company itself noted, this sort of sentence is might seem like déjà vu. That’s because Faire previously announced a $170 million Series E...

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Topics: technology, talent, expansion stories

MasterClass opening new engineering HQ in Waterloo

Posted by Waterloo EDC on June 8, 2021

MasterClass, a high-profile American streaming platform, has announced plans to launch a new engineering headquarters in Waterloo. This will be their first expansion outside of the US.

With a new $225M Series F raise in the books, MasterClass is advancing strategic initiatives including increased content production, international expansion and the launch of a new Enterprise business. This...

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Topics: technology, talent, expansion stories

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