Vendasta secures largest-ever venture-capital investment in a Saskatchewan tech company

In the past two years, the province has taken several measures to bolster the innovation economy by introducing a 45-per-cent tax credit for angel investors, opening a startup incubator and inviting startups to sell their wares to government. The province’s Conexus Credit Union is also raising a $30-million venture capital fund to invest locally.

Mr. King, a native of Moose Jaw, earned a physics degree at University of Saskatchewan but was an entrepreneur at heart, operating a computer-store business in the province through the 1990s. He joined Point2 Technologies in 2000, the year the marketplace for heavy-equipment sales was named the top e-business in Canada by The Globe and Mail. As chief operating officer, he shifted the company to build a global online real-estate listings service before its sale in 2007.

The company has since shifted its strategy to focus on selling a platform that enables its customers to offer a suite of software products, such as Google’s G Suite as well as Vendasta software, marketed under the resellers’ own brands, through one online portal with a single login. It sells to 14,000 brokers ranging from media companies to banks and telecommunications companies, who in turn have 105,000 monthly customers, mostly in the U.S.

globebusiness Proud to work for this company. Love my job

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