Securing venture capital is no easy feat for technology startups, especially if you are in Calgary, Alberta. Known as a province that mostly centers on oil and gas, it has proven to be a challenge for the technology sector to acquire the needed capital. The Calgary Economic Development and Calgary Chamber of Commerce both feel that Alberta should have more policies to promote and foster the investment of capital so that they could compete with British Columbia, Canada for projects and people, especially since the latter gives tax credits to its technology investors.
InVistaWare Inc., or now known as Aimsio Inc., a Calgary-based technology firm has risen to the occasion and secured $9.6-million in venture capital financing from a private family office company, Strait Capital Corporation. Aimsio will utilize the Series A round to strengthen their workforce and initiate a competitive sales strategy. The company also obtained Salus Safety Solutions Ltd., a compliance and safety software firm.
Aimsio targets field-centric firms and provides them with cloud-based operations management systems. The Aimsio system makes sure that employees working in the office, the field or even at a remote site get their work done, which includes real-time reporting, 1-click invoicing, advanced dispatching, paperless forms and ticketing. The company has offices in downtown Calgary, in addition to recently opening one in Vancouver.
According to Hanif Joshaghani, one of Aimsio’s co-founder, the capital will greatly enable the execution of their business strategy, which will not only be great for their company, but for the technology sector in Alberta as well. He said that most of their clients are energy service companies, but the software could also be utilized by businesses with remote employees, as well as those with field locations. Joshaghani believes that Alberta is a great venue to establish a startup, and based on his experience, the real challenge is not how to get their hands on the needed capital, but rather, it is how to find the real talent and the right skills.