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Waterloo EDC Blog

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...

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Topics: technology, talent, artificial intelligence

Risk: Infrastructure and Connectivity

Posted by Waterloo EDC on June 11, 2021

This article is part of our "Understand the Risk" series, which looks at business risk with comparative data. Articles in this series cover natural hazards, infrastructure, economic competitiveness, stability and freedom, talent and workforce and health.

There’s a reason everyone knows the mantra “location, location, location.”

In this edition of our “Understand the Risk” series, we’re...

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Topics: tech, technology, manufacturing, talent, business, artificial intelligence, R&D

Waterloo-based unicorn Faire hits $7 billion valuation

Posted by Waterloo EDC on June 10, 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 that took their valuation to $2.5 billion just 8 months ago and a $150 million Series D that helped them achieve...

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Topics: technology, talent, artificial intelligence

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, business, site selection, education

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