Silicon Valley startup Teknol is expanding its presence to Canada with a new office in Calgary. The expansion will bring $12.5 million and 125 new jobs to Alberta over three years.
Invest Alberta joined the firm to announce that it will be relocating its entire engineering and support teams to Calgary, a move that underscores the city’s growing reputation as a North American tech hub.
Teknol’s decision to expand to Calgary comes with a focus on the early learning sector, as part of the organization’s wider goal to revolutionize education through technology. Their popular software platform, PREto3.com, is dedicated to simplifying management processes in early childhood education.
Teknol also boasts a strategic partnership with WePay, a JP Morgan Chase company, which empowers the startup to streamline payment processes and expand its client base. This partnership serves as an indicator of Teknol’s desire to innovate within Calgary’s growing fintech cluster.
“Alberta continues to attract innovators and entrepreneurs from around the world. Teknol’s expansion into Calgary is yet another example of the exciting momentum we see in Alberta’s technology sector. Alberta’s government is committed to making our province one of the most innovative jurisdictions in Canada,” said Nate Glubish, Minister of Technology and Innovation.
With their move to Alberta, Teknol aims to hire a diverse workforce, nurture the local talent available, and build a robust ecosystem that emphasizes innovation and tech-based solutions.
“Alberta continues to attract innovative startups like Teknol who bring their progressive concepts to Alberta’s technology and engineering ecosystems. Propelled by a wealth of skilled professionals and a reputation as a thriving environment for living, working, and fostering innovation, Alberta stands poised to empower ambitious companies like Teknol in their pursuit of broader horizons,” shared Rick Christiaanse, Invest Alberta CEO.