Wyvern raised $6M in a strategic investment round led by Squadra Ventures to expand its market presence in the US.
Oct 18, 2024•9 months ago
Amount Raised
$6 Million
Investors
Brent PerrotAccelerate Fund IiiUniversity Of Alberta Innovation FundY CombinatorUncork CapitalSquadra Ventures
Description
Wyvern, a Canadian satellite imaging startup, secured an $8.2 million CAD ($6 million USD) funding round led by Squadra Ventures. The investment will be used to penetrate the US market and meet the growing demand for imaging solutions across various sectors.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers