# Uvaro

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

- Industry: Software
- Headquarters: Waterloo, Canada
- Website: www.uvaro.com
- Total disclosed funding: $14M
- Latest round: Series A (Nov 3, 2021)
- Investors on record: 8

## About

Uvaro Inc. provides digital solutions aimed at enhancing online presence and operational efficiency for businesses, particularly focusing on tech sales training programs.Founded in 2019 in Waterloo, Canada, Uvaro Inc. specializes in tech sales training. The company has raised a total of CAD 14.8 mn from 2 deals, including a Series A funding round on November 3, 2021, led by White Star Capital, with participation from Amplify Partners, BDC Capital, and others. The founders include Aaron Rodrigues, Derek Hall, and Drew Williams, while Joseph Fung serves as the CEO.Uvaro offers a suite of digital solutions designed for small to medium-sized enterprises. Their core products include advanced website hosting services, domain management, and comprehensive website development tools. These offerings assist businesses in streamlining their online experience, addressing crucial factors such as site speed and security. Their primary clientele consists of service providers, e-commerce businesses, and professional organizations across North America and Europe.Uvaro generates revenue primarily through subscription services. Clients pay recurring fees for access to hosting and development tools, with transactions occurring on a monthly or annual basis. The company offers tiered hosting packages, allowing clients to select plans based on their specific needs. Additionally, partnerships with digital marketing firms enhance revenue, as these partners often bundle Uvaro's services with their own, delivering comprehensive solutions to customers.Following the Series A funding round completed on November 3, 2021, Uvaro Inc. plans to utilize the CAD 14.8 mn raised to expand its tech sales training program. The company aims to introduce upcoming products designed to enhance its digital solutions, though specific release dates have not been disclosed. Uvaro is also targeting expansion into new markets, specifically within North America and Europe, to better serve its clientele.

## Funding rounds

- Series A, Nov 3, 2021, $12M — BDC Capital, Western Technology Investment, Real Ventures, White Star Capital, Xfund, Amplify Partners, Garage Capital
- Seed, Sep 1, 2020, $1.6M — Western Technology Investment, Real Ventures, Xfund, Generation Ventures, Garage Capital

## Investors

- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Seed, Series A
- Real Ventures — Seed, Series A
- Xfund (https://capitalatlas.ai/funds/xfund) — Seed, Series A
- Generation Ventures — Seed
- Garage Capital (https://capitalatlas.ai/funds/garage-capital) — Seed, Series A
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A
- White Star Capital (https://capitalatlas.ai/funds/white-star-capital) — Series A
- Amplify Partners (https://capitalatlas.ai/funds/amplify-partners) — Series A