# Provision Analytics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/provision-analytics

- Industry: Software
- Headquarters: Calgary, Canada
- Website: www.provisionanalytics.io
- Total disclosed funding: $6.3M
- Latest round: Series A (Nov 17, 2021)
- Investors on record: 7

## About

Provision Analytics Inc. is a data analytics firm that delivers cloud-based solutions to enhance decision-making across various industries. Their focus is on providing advanced analytics and visualization tools.Provision Analytics Inc. was founded in 2018 and is headquartered in Calgary, Canada. The company specializes in cloud-based analytics solutions for enterprises, enabling informed decision-making. Michael Gibbons, the founder, has a history of innovation in technology, contributing to several projects before establishing Provision Analytics. The company has engaged in 5 deals, with their most recent deal occurring on February 20, 2023, when they raised USD 2.6 mn in a GRANT round led by Sustainable Development Technology Canada, bringing the total amount raised to USD 4.75 mn.Provision Analytics specializes in offering cloud-based analytics solutions designed to enhance data-driven decision-making for enterprises. Their core product suite includes advanced data visualization and business intelligence tools that cater to a diverse range of industries, including finance, healthcare, and retail. These solutions are engineered to process large datasets, enabling users to derive actionable insights through intuitive dashboards and reporting features. The platform is particularly beneficial for organizations seeking to optimize operations, improve customer engagement, and drive strategic growth. Provision Analytics serves a global clientele, with a focus on markets in North America, Europe, and Asia-Pacific, ensuring that their offerings are tailored to meet the specific needs of each region.Provision Analytics generates revenue primarily through a subscription-based model, allowing clients to access their suite of products on a recurring basis. This transactional structure typically involves tiered pricing plans that cater to various business sizes and needs, facilitating partnerships with both large enterprises and smaller organizations. The flagship offerings within their product line are designed to provide scalable solutions, which can be customized according to client requirements. This approach fosters long-term relationships with customers, as businesses can choose plans that align with their operational goals and budgets. Through these subscription agreements, Provision Analytics not only secures a stable revenue stream but also positions itself as a valued partner in driving organizational success for its clients.In February 2023, Provision Analytics Inc. raised USD 2.6 mn in venture funding from Sustainable Development Technology Canada. The company will use this funding to expand its reach and make its platform available to more food companies. Future initiatives include the design and launch of new products aimed at further enhancing their analytics capabilities. Additionally, Provision Analytics plans to target specific expansion into new markets, particularly focusing on the food sector, with an anticipated rollout by the end of 2024.

## Funding rounds

- Series A, Nov 17, 2021, $4.8M — Voyager Capital, Serra Ventures, Trailhead Capital, Level 46 Investments, Waterpoint Lane
- Seed, Apr 14, 2020, $1.5M — Builders VC, TrustBIX
- Seed, Oct 23, 2019 — Builders VC

## Investors

- Builders VC (https://capitalatlas.ai/funds/builders-vc) — Seed
- TrustBIX — Seed
- Voyager Capital (https://capitalatlas.ai/funds/voyager-capital) — Series A
- Serra Ventures (https://capitalatlas.ai/funds/serra-ventures) — Series A
- Trailhead Capital (https://capitalatlas.ai/funds/trailhead-capital) — Series A
- Level 46 Investments — Series A
- Waterpoint Lane (https://capitalatlas.ai/funds/waterpoint-lane) — Series A