Cheatsheet: The non-dilutive funding sources B.C. unicorns used most

Guess which program was used by at least six companies.

Sam Gharegozlou, president of Dapper Labs (Credit: Supplied by Dapper Labs)

Since December 2020, at least 13 B.C. companies have become unicorns –  businesses valued at least $1 billion – through private investment, acquisition, or initial public offering (IPO). There has been no shortage of reporting on these firms. However, no publication has shared internal information on these companies like the velocity of their revenue growth, hiring metrics, and use of non-dilutive funding sources – until now. This is part three of five in our Unicorn Files series.

As reported in our latest exclusive, “Five things you didn’t know about Vancouver’s tech unicorns,” B.C.’s billion-dollar businesses tapped into at least eight different provincial and federal funding sources to fuel their growth. These are the specific sources that company executives were willing to discuss publicly.