Vantage Circle and Eventcombo have chosen Calgary for their new offices, aiming to hire up to 250 employees each in the next three years.
Eventcombo, a US-based company, is investing $10 million in expansion with support from Invest Alberta. Calgary Economic Development is also backing both firms.
Calgary’s thriving startup ecosystem, valued at $2.7 billion, has seen remarkable growth, adding 2,156 companies between 2012 and 2021. Despite the downturn in the Canadian tech sector, Alberta raised $222.5 million in funding, surpassing Toronto and British Columbia in the first quarter of this year.