RaceRocks Secures $3 Million Funding Round Led by Raven Indigenous Capital PartnersTuesday, January 16, 2024
Vancouver, BC, January 16, 2024--(T-Net)--RaceRocks 3D Inc., a Victoria-based training modernization company, announced that it has secured an investment from Raven Capital - North America's premier Indigenous venture capital fund.
RaceRocks CEO Anita Pawluk says the $3 million dollar investment will support the rapid growth of opportunities in the defence and aerospace sectors.
Anita Pawluk, CEO, RaceRocks
"As we evolve, our dedication to our values and cultural heritage deepens. We remain grounded in our roots, championing STEAM; Science, Technology, Engineering, Art, Mathematics, initiatives among Indigenous Peoples and fortifying a resilient Indigenous defence supply chain. Our commitment extends to the expansion of our operations in Halifax, coupled with strategic investments in product development and cutting-edge technology," said Pawluk.
"We're excited to be partnering with Anita and the RaceRocks team. With an increased commitment from governments to procure from, and work with, Indigenous-owned businesses, there are tremendous impact and commercial opportunities for companies like RaceRocks, who are among the only Indigenous service providers in their vertical," said Althea Wishloff (Gitxsan Nation), General Partner at Raven Capital. "RaceRocks' dedication towards a user experience that puts the learner and workplace safety at the forefront will be one that will dominate in the edtech software space," Wishloff continued. Research and development is one area that will get a boost from this investment.
Christina Jones, Vice President of Operations, RaceRocks
"At RaceRocks, adaptive learning is at the forefront of our R&D efforts, driving us towards creating limitless learning experiences. The work we're doing embodies this vision, offering an innovative space for the development of engaging training programs. We are in the process of creating a platform that offers the potential of personalized learning journeys for each learner while seamlessly integrating with existing systems. Moreover, the platform will simplify and enhance the management of training and certifications. It's all about providing practical, impactful learning experiences that are as limitless as they are effective," said Christina Jones, RaceRocks' Vice President of Operations.
RaceRocks is a woman-led and Indigenous owned, training modernization company founded in 2010. The company is based in Victoria B.C. but is fully remote with over 40 employees in almost every province in Canada. RaceRocks develops innovative, technology-enabled learning solutions with varying levels of interactivity from curriculum development to immersive simulations, modernizing and elevating traditional training methods.
About Raven Capital
Raven Indigenous Capital Partners is a sector-agnostic, seed-stage venture capital firm investing in high-impact Indigenous businesses across Canada and the United States.
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