Saskatchewan Startup BetterCart Analytics Crowned Winner of Startup TNT Agri-Food Summit
Regina, SK–April 3, 2024–Startup TNT, a non-profit focused on capital access for startups, today announced BetterCart Analytics, as its 2024 Agri-Food Investment Summit winner.
BetterCart Analytics topped four other startups to secure the win, which includes over $140,000 in equity investment. The total includes commitments from Startup TNT’s syndicate of qualified angel investors and $50,000 from Startup TNT’s venture capital fund, TNT Capital. Two other finalists, AgGene and Geco Engineering also secured deal commitments from participating investors. The other two 2024 finalists were Rayhawk Technologies and Maia Farms.
“We’re thrilled to have won this year’s Agri-Food Summit!” commented Melanie Morrison, co-founder and CEO of BetterCart. “I valued the opportunity to have our company introduced to more individuals in the investor ecosystem across Western Canada and to meet new investors throughout the due diligence process. As a big data company with AI as part of our core tech, we’re laser-focused on data acquisition, model testing and training, and application for the purposes of horizontal and vertical growth. With this new capital, we’ll be investing in R&D and accelerating our client growth.”
BetterCart Analytics leverages AI to help organizations access real-time food supply chain data for a range of purposes to improve their business. The startup has previously secured an investment deal from Startup TNT as part of the 2023 regional Saskatchewan Investment Summit.
“This year’s first-ever Startup TNT Agri-Food Summit showcased companies that are elevating the future through tech that supports innovation at every intersection of the food supply chain,” said Tim Lynn, co-founder of Startup TNT. “Congratulations to everyone, including the founders who took part, as well as the investors and partners who made this year’s program possible. It’s clear that agri-food innovation is thriving across Western Canada.”
The Agri-Food Investment Summit, hosted by Startup TNT, is a platform for agri-food entrepreneurs seeking seed-stage funding and investors interested in the future of food. Through this sector Summit, Startup TNT has invested more than $400,000 into six startups over the past two years.
Startup TNT also facilitates a cleantech and life sciences investment summit. Following the completion of these 2024 Sector Summits, Startup TNT has now raised over $13 million in seed-stage capital for 90+ companies across Western Canada.
Summit IX Applications Open
Startup TNT is now accepting applications for its Spring Summit IX which aims to raise $1M for Prairie-based startups across all industry verticals. Four unique Summit streams will be held for startup companies located in Edmonton (Northern Alberta), Calgary (Southern Alberta), Saskatchewan (Provincial), and Manitoba (Provincial). The deadline for companies to apply is April 15, 2024. The investor kick-off is April 24, 2024. Learn more at startuptnt.com/summit-ix
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Media contact:
William Johnson
Startup TNT
will@startuptnt.com
604.619.4163
About Startup TNT
Startup TNT is the most active pre-seed and seed stage investor in Western Canada (CVCA, 2023). We are a community of entrepreneurs, scientists, investors, innovators, and startup supporters that gather every week to have fun, share stories, and build great companies. With 90+ investments into companies that are 40% women-led and 25% BIPOC-led, we have one of the most diverse portfolios in the country. Co-investors on TNT deals include Panache Ventures, Hustle Fund, BDC Capital, Y Combinator and Thin Air Labs. TNT Capital, our $5M fund, invests in companies across Western Canada through our Investment Summits. Learn more at StartupTNT.com.
