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Calgary venture studio Harvest Builders has added two new companies to their studio’s growing financial technology portfolio – One Wealth and Propra.
Building off of the momentum of Harvest’s first studio venture Neo Financial, who recently announced $50 million in Series A financing, Harvest’s new fintech companies are set to add over 300 new jobs in Calgary’s downtown over the next three years.
Led by Chris Simair, Harvest’s venture studio ideates new business opportunities and brings in top-tier talent to work together in building and launching globally competitive companies.
Harvest’s studio strategy uses a synergetic approach that integrates companies and corporate partners in a specific industry to de-risk each venture and accelerate growth through shared infrastructure and resources. These companies, built internally within the studio, belong to a larger portfolio of startups Harvest supports across western Canada.
As a challenger in the Canadian wealth and investment management space, One Wealth will provide an end-to-end platform designed to create a personalized and transparent experience, including access to low-cost and alternative investment solutions.
The property technology platform, Propra, offers an end-to-end property management solution focused on improving the rental management process for both landlords and tenants. Propra creates a seamless experience that solves inefficiencies across property management, search, and transactions.
“Our Venture Studio narrows in on industries which exhibit significant inefficiencies. Within the studio’s fintech portfolio we look for opportunities to create shared value that leads to powerful network effects and accelerated growth. When entities work in synergy, their alignment and shared energy create value that goes beyond what they could have accomplished alone,” said Chris Simair, Managing Partner, Harvest Builders.
“We also consider the network effect these businesses have on the broader tech ecosystem and community. By deploying private capital and attracting and developing world-class talent, we are creating an epicentre for future tech and innovation in Canada.”
Harvest and their studio’s fintech companies will continue to expand in Calgary’s East Village and downtown tech corridor, working towards cultivating an innovation campus that brings highly-skilled talent, resources and capital together to build new businesses and create opportunities for the province.
In the past two years Harvest and their studio have grown into more than 30,000 square feet of office space in East Village with over 250 employees.