Uvaro

Kitchener-Waterloo workforce training firm Uvaro and its subsidiary Lighthouse Labs have filed for bankruptcy, seven months after Uvaro acquired the coding school. Court documents cite unmet revenue forecasts, delayed government contracts, and rapid cash erosion.

Uvaro listed $1.6M in assets against $5.7M in liabilities, while Lighthouse Labs reported $230,000 in assets and debts exceeding $3M. Both companies ceased operations immediately, terminating all employees and halting courses. Lighthouse Labs, founded in 2013, trained 40,000 learners and received $20M in federal funding last year. Trustee GlassRatner is managing claims and student record transfers.

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Uvaro and Lighthouse Labs filed for bankruptcy on August 1, just seven months after Uvaro’s high-profile acquisition of the Vancouver-founded coding bootcamp. All classes, mentoring sessions, and employment ceased immediately, according to an internal email obtained by Vancouver Tech Journal.

Uvaro CEO Joseph Fung told staff they had “no guaranteed outcome” and offered apologies. Lighthouse Labs, launched in 2013, trained over 40,000 students in fields like web development and cybersecurity. Once positioned as Canada’s largest workforce development group, both firms are now under control of a Licensed Insolvency Trustee.

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