Unbounce's translator in chief

"We believe in a true partnership between our customers and machine learning. It’s about augmentation, rather than automation.” - Tamara Grominsky, chief strategy officer at Unbounce.

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Today’s Sunday Briefing is 1,756 words, a 5 + ¾-minute read. Enjoy!

-William (@notionport)

Cover Story: Tamara Grominsky and the Future of Unbounce

Last week for the third time in under three years, Tamara Grominsky was promoted—from Vice President of Strategic Growth to Chief Strategy Officer at marketing automation platform Unbounce. It’s rare for anyone to climb a corporate ladder that quickly in any industry, let alone a woman in tech. In an exclusive story, Vancouver Tech Journal explores how she did it and whether what got her here will get her and Unbounce where they must go next.

23 Vancouver tech and business power players to know in 2021

Here in Vancouver where so many people contribute to the growth and success of the innovation economy, it’s difficult to give any single person credit. Fortunately, no one’s asked us to do that. Instead, we took it upon ourselves to highlight a group of people who deserve at least some credit—for being ambassadors, leaders and advocates.

Shopify executives launch investing collective Backbone Angels

A slate of current and former Shopify executives, including Vancouver’s Lynsey Thornton, launched an angel investing collective called Backbone Angels. The group will invest in women and non-binary founders with a focus on investments in Black, Indigenous, and Women of Colour-led companies. Thornton, Shopify’s Vancouver-based Managing Director, U.S. West, explains the collective’s value proposition like this:

When somebody gets investment from our group, even if they only get investment from two of the angels, for example, they'll get the capacity of the entire collective, and that encompasses people from talent, marketing, design, and data—and we think that's going to be really valuable for founders.

⏩ Quick Takes

  • Thinkific, the Vancouver edtech firm that raised $22M last year and experienced a 144-per-cent jump in revenue in 2020, has confidentially filed documents with regulators to go public on the Toronto Stock Exchange.

  • Fast Company named Dapper Labs to its Most Innovative Gaming Companies list, and put Clio on its Most Innovative Corporate Social Responsibility Companies lists.

  • Abcellera, which recently rais $555.5M in the largest Canadian biotech IPO ever, is looking to build a massive purpose-built office and medical laboratory campus in Mount Pleasant.

  • Leaf Mobile Inc., which recently acquired East Side Games for $159M, agreed to buy mobile games developer Truly Social Games in a deal worth up to CAD $37 million.

  • Vancouver’s Hello Pal, a provider of social-crypto platforms, said its website crashed due to a surge in traffic of over 1000% after it announced the partial purchase of a Dogecoin mining facility.

📈 Pulse check: The health and biotech news keeping hearts racing.

🏦 Banknotes: Financial news to know.

  • Damon Motors, which has developed a smart, fully connected electric motorcycle employing sensor fusion, robotics and AI, raised $30 million and secured $20 million in pre-orders. The bridge round was led by Benevolent Capital, SOL Global Investments, Zirmania, and others. 

  • Active Impact Investments recently launched a new $41 million fund to help start-ups across North America accelerate climate tech solutions. Apparently, Active Impact Investment’s portfolio companies have grown their revenue an average of 515% over an average hold period of 17 months. 

  • D-Wave, the first company to offer a commercially available quantum computer, secured $40-million from the federal government’s Strategic Innovation Fund. Yet, “…after 20-plus years of development and more than US$300-million in funds raised, it is still in the early stages of building a sustainable business.”

  • Vancouver-based startup DeFi Ventures Inc. raised $2M CAD in its seed financing round, from Canadian angels and VCs, and strategic investments by BIGG Digital and First Block Capital. The company is seeking to streamline access to the assets and technology that power decentralized finance.

  • BrandProject, a Toronto-based investment firm with an office in Vancouver, has raised $54 million CAD ($43 million USD) in the final close of its first venture fund, BrandProject Capital Fund LP.

📝 Views from the 604: The week’s sharpest ideas and opinions.

🌱 Cleantech: Good news for the planet.

  • B.C.-based Carbon Engineering launched a new CO2 removal service that allows customers to purchase the removal of CO2 from the atmosphere using the company's large-scale Direct Air Capture technology. Its first customer is Shopify, which has reserved 10,000 tonnes of permanent carbon removal capacity.

  • Vancouver’s Ionomr Innovations, which makes ion exchange membranes for a variety of applications, is one of only three startups admitted to the Shell GameChanger accelerator. The company was spun out of SFU four years ago, and it is the only Canadian company admitted to the accelerator.

  • SFU engineers have developed a mobile thermal battery aimed at harvesting, storing, and transporting heat that’s generated from industrial processes, data centres and even hockey rinks. They calculate that “six mobile heat tanks delivered by truck each day could supply 40% of the Surrey district energy system’s peak heating needs—ultimately reducing the district energy system’s use of natural gas and shrinking its carbon footprint.

💼 Pole positions: Tech jobs that matter.

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😎 Pretty cool: What else is new and novel.

📅 Mark your calendar to match ours.

  • Join us on the Clubhouse app this Tuesday, March 16 at 9am to hear an exclusive conversation with Jill Tipping, CEO of the BC Tech Association, about the future of B.C.’s tech ecosystem. If you need a Clubhouse invite, please email us.

‼️ Double take: In case you missed these stories.

⌛ That’s it. Until next week…

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