# Ontopical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ontopical

- Industry: Software
- Headquarters: Calgary, Canada
- Website: www.ontopical.com
- Total disclosed funding: $4.2M
- Latest round: Seed (Sep 14, 2023)
- Investors on record: 4

## About

Based in Canada, Ontopical Inc. operates an AI-enabled market intelligence platform that assists businesses in identifying and responding to government contracting opportunities with advanced insights.Ontopical Inc. is a company that focuses on providing market intelligence for government contracts. Founded in Calgary, Canada in 2017 by Derrick Koenig, it has completed a total of 7 deals. The most recent deal occurred on September 14, 2023, when Ontopical raised CAD 150,000 in grant funding from Alberta Innovates as part of a larger CAD 6 million Seed and Grant funding round. The company has raised a total of CAD 3.3 million to date.Ontopical offers an AI-enabled market intelligence platform designed to help businesses identify and act on government contracting opportunities. The platform employs a proprietary AI Copilot named Oliver, which analyzes vast amounts of local government data, including documents, videos, and council meeting minutes, to deliver insights on pre-RFP opportunities. This service aims to streamline the bidding process for various sectors, including construction, engineering, technology, and public services, by providing alerts on relevant projects and competitor activity. Ontopical's core customer base includes municipal sector leaders, engineering firms, consulting agencies, and technology companies across North America, specifically targeting cities, towns, and counties in the USA and Canada. Clients benefit from the platform's ability to track over 50,000 municipalities and agencies, monitoring more than 200 million pages of government data to uncover significant opportunities that may otherwise be overlooked.Ontopical generates revenue primarily through a subscription-based model, allowing clients access to its comprehensive suite of services tailored for government contract intelligence. Customers typically subscribe to different tiers of service based on their specific needs, which may include features such as customized alerts, data analytics, and competitor tracking. The pricing structure is designed to accommodate various business sizes and industries, reflecting the value delivered through early bid alerts and targeted insights. Transactions are direct B2B engagements, with clients committing to annual or monthly subscriptions to leverage Ontopical’s capabilities for efficient business development. The platform’s efficacy in improving close rates and saving time for business development teams contributes to its appeal among clients seeking a competitive edge in government contracting.In September 2023, Ontopical Inc. raised CAD 150,000 in grant funding to enhance its AI-driven intelligence platform and grow its operations across North America. The funding is part of a larger strategy to expand its product offerings and workforce. Future plans include the development of new features and services designed to assist clients in navigating government contracting opportunities more effectively.

## Funding rounds

- Seed, Sep 14, 2023, $2.4M — Rhino Ventures, Graphite Ventures
- Seed, Dec 9, 2021, $1.8M — GCI Venture Partners, GreenSky Ventures

## Investors

- GCI Venture Partners — Seed
- GreenSky Ventures (https://capitalatlas.ai/funds/greensky-ventures) — Seed
- Rhino Ventures (https://capitalatlas.ai/funds/rhino-ventures) — Seed
- Graphite Ventures (https://capitalatlas.ai/funds/graphite-ventures) — Seed