NexTech AR closes $14 million | The Morning Report

Plus 7 other headlines from the last 24 hours.

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Good Morning,

Here’s what you need to know today.

Yesterday, Vancouver Tech Journal announced the hiring of James Matthews, a new full-time reporter to help supercharge our mission to provide the most complete coverage of Vancouver’s innovation economy.

You can get in touch with James at james@vantechjournal.com.


NexTech AR, which provides augmented reality solutions, closed a $14 million bought deal public offering led by Research Capital Corporation.

  • NexTech is special in that its tech provides three-‎dimensional AR immersive experiences as opposed to experiences in two-dimensional formats. In addition, the Company has three AR applications: Aritize for immersive AR experiences, AiRShow for human holograms with livestreaming ‎capabilities, and ARitize360 for capture and creation of 3D product objects on a smartphone.‎


Vancouver technology firm Tasktop announced a $126 million CAD strategic investment from Sumeru Equity Partners (SEP), a technology investment firm based in the San Francisco Bay Area.

  • Tasktop, which grew revenue 50% year-over-year in 2020, creates solutions that help global giants like BMW, CGI, E*Trade and T-Mobile to increase the velocity of software development.


Matt Smith, who co-founded the software that turned into edtech startup Thinkific and then left to co-found Instagram marketing platform Later, has returned to Thinkific as chief strategy officer.

  • Making the announcement on LinkedIn, he wrote, “Getting to come back to building something mission-driven that promises a real impact on the world of course creators is such an honor.”


Trending: Cheatsheet: CVCA spotlights 12 Vancouver VC firms with $2.2 billion in assets


Vancouver’s Tracesafe Inc., which provides wearable safety tech and connected workforce solutions, is partnering with TELUS to provide contact tracing and quarantine solutions during the Women’s World Hockey Championship in Halifax and Truro, Nova Scotia from May 6-16, 2021.

  • TraceSafe provides a full suite of real-time location management services and contact tracing solutions enabled through advanced low-power Bluetooth beacons and enterprise cloud management.


Ryan Wong, CEO of workforce analytics company Visier, argues that You've Been Tracking Employee Productivity All Wrong.

  • “When workers know their keystrokes are being measured, for instance, they’re incentivized to produce busywork, which might have little commercial value to the business,” he writes in Entrepreneur.


CubicFarm Systems, a local chain agricultural technology company, announced the appointment of Thomas Liston as Vice President of Corporate Development, based in Toronto.

  • In most companies, the corporate development function focuses on M&A, so this may be a clue into Cubic’s future approach to growing their business.


Miranda Lievers, co-founder and COO of Thinkific, believes We need to get beyond ‘lean in.’ Women shouldn’t have to fix the workplace themselves.

  • “Even seemingly minor adjustments such as gender-blind assignment reviews, scrubbing gendered language from job postings, involving female leaders in hiring processes, can ultimately make a big difference in the aggregate,” she writes in Fast Company.


That’s it for today’s Morning Report.

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Have a productive and fulfilling day. See you tomorrow.

-William (@notionport)