Founders of SkipTheDishes new YYC company just raised $50 million in funding
Via @Neo_financial / Instagram
Good golly. This week, Neo Financial, a Calgary tech company that aims to make user-friendly financial products and services, made a major announcement proving once again that YYC is without a doubt, an entrepreneurial force to be reckoned with.
According to a release, nearly two years after it was established by the co-creators of SkipTheDishes, Neo has managed to raise an insane $50 million in a Series A funding round.
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This is actually one of the largest Round A fundraisers in all of Western Canada, but it’s almost no surprise when you look at how fast they’re growing.
Since 2019, Neo Financial has hired over 130 employees, opened a second office in Winnipeg, and unveiled a cashback credit card.
After a company gets its legs, third-party funding is done in rounds (A, B, & C). Round A is typically when investors are offered the chance to buy stock for the first time, which helps the owners cover things like employee salary and market research.
For a company to earn this much right off the bat is unreal, so congrats to them – obviously they know what they’re doing since they helped invent the app that we ordered our breakfast on this morning – but still, wow. To be this successful twice – we can’t wait to see what they’ll do next!
