Provision Analytics Raises $6 Million CAD in funding  

by Kay Aloha Villamor January 17th, 2022

Provision Analytics, a Calgary, Alberta-based startup with a software platform that simplifies food safety audits and analytics, raised $6 million CAD ($4.75 million USD). 

The round was led by Level 46, with participation from Trailhead Capital, Serra Ventures, Waterpoint Lane, and Voyager, along with other private investors.

Provision plans to use the funds for product development and sales expansion. As well, the startup intends to grow its workforce by 50 percent in the next year. 

Company:  Provision Analytics Inc. 

Raised: CAD$6.0M

Round: unknown

Funding Month: January 2022

Lead Investors: Level 46

Additional Investors: Trailhead Capital, Serra Ventures, Waterpoint Lane, and Voyager

Company Website: https://provision.io/

Software Category: Food Traceability Software

About the Company: Founded in Copenhagen, built-in Calgary. Since graduating from Maersk FoodTrack in 2018, Provision Analytics has become one of Canada's fastest-growing tech companies. Provision software is used for digital record-keeping in food safety that simplifies food safety audits and analytics. Provision transforms the way food safety data is captured, using dynamic digital forms with translation, autofill, and errors checks. The data in these forms automates inventory and supplier management while unlocking custom analytics for intelligent process control. Customizable record templates contain automatic schedules, rules, and alerts that aid in process control. The process data is streamed into one central cloud for each client, allowing for faster audit completion and real-time process analytics. The startup currently employs around 25 people.

 

Source: https://betakit.com/provision-analytics-raises-6-million-cad-to-improve-food-safety-with-its-saas-platform/

 


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