On September 14, 2023, Ontopical announced that they secured $3.3 million in a seed extension financing round co-led by Rhino Ventures and Graphite Ventures and saw participation from Accelerate Fund III. The funding also includes a grant from Alberta Innovates. The company plans on utilizing the funding towards assisting companies navigate the local government procurement process.
Ontopical is a Calgary based data and intelligence platform designed to connect businesses with government related work.
Osler, Hoskin & Harcourt LLP advised Ontopical with a team consisting of Michael Grantmyre, Jacob Young and Patrick Musgrave (Emerging and High Growth Companies).