On June 25, 2020, ThinkData Works, Inc. announced an $8 million (CAD) Series A financing. Yaletown Partners was proud to participate, alongside BDC Capital Inc. (BDC ICE Fund). First Ascent Ventures and Extreme Venture Partners invested in the round, as well.Toronto-based ThinkData Works is a leading data management company that is solving the data variety problem for data scientists, enabling them to process pools of data and combine that information with publicly available data, leading to better analytics. This results in more efficient decision-making and actionable outcomes for ThinkData’s enterprise customers, including the likes of Royal Bank of Canada, the Government of Canada, Bank of Nova Scotia, TD Bank and Roche Pharmaceuticals.ThinkData will use this funding to add new talent across Engineering, Sales and Marketing, and to expand globally.Yaletown is excited to be investing in a company that provides foundational support for the digital transformation. When enterprises are able to make better decisions, fewer resources are consumed, which drives climate-resilient growth.This marks another investment for Yaletown Partners in Ontario and continues the firm's pan-Canadian strategy, with a portfolio focused on technologies that are enabling digital transformation.Yaletown looks forward to supporting ThinkData Works as it continues to scale its market-leading data science solution.
