On September 29, 2020, Thinkific announced that it had completed its $22 million growth financing round. The financing was led by early investor Rhino Ventures and will be used to accelerate product innovation. The funding will also be used to triple Thinkific’s workforce as the company plans to hire an additional 350 team members over the next 18 months.
Thinkific is a leading software firm specializing in helping businesses create, market and sell customized online courses.
Rhino Ventures is a Vancouver based venture capital fund focused on investments in early stage technology companies located in Western Canada.
Osler, Hoskin & Harcourt LLP advised Rhino Ventures with a team consisting of Justin Young, Laura Webb and Tara Folk (Emerging and High Growth Companies).