Media Release

FOR IMMEDIATE RELEASE

May 10, 2022

Conexus on mission to build local economy through tech innovation
Cultivator and Conexus Venture Capital companies see strong Q1 2022

(Tuesday, May 10, 2022 – Regina, SK) – Contribution to community at Conexus is demonstrated not just through its contribution of five percent of its profits to non-profits and basic human need capital projects, but also through steps taken to build the credit union of the future that drives and grows Saskatchewan’s economy.
After seeing a lack of resources, space, and funding in Saskatchewan for tech startups resulting in many founders leaving our province, Conexus launched two initiatives in 2019 to help startups launch and grow – Cultivator powered by Conexus (Cultivator) and Conexus Venture Capital (CVC). We saw incredible growth and milestones being hit in 2021, and 2022 continued to be strong. Here are some
of the stories and milestones of Cultivator and CVC companies from the first quarter of 2022.

Cultivator + Startups Highlights

• HomeTeam Live scores $450,000+ in pre-seed capital

• HomeTeam Live announces streaming partner of Regina Youth Club Basketball League

• memoryKPR creates digital gallery to support Team Canada at 2022 Winter Olympics

• memoryKPR helps Riverview Collegiate revive the contents of its 1995 time capsule

• StoreToDoor closes seed raise at $1.25 million

• StoreToDoor launches in Calgary, Alberta

• Limbus AI partners with Icon Oncology to pioneer radiation AI software in Southern Africa

• Cultivator announces first SCALE program graduates

• myComply secures $5.6 million CAD to expand platform across the United States

• ServiceBox secures $400,000 investment from Prairies Economic Development Canada

• Agtech Accelerator welcomes its first cohort

• Prairies Economic Development Canada invests $900,000 to support new Agtech Accelerator

• Cultivator seeing global success for Saskatchewan startups

Conexus Venture Capital + Portfolio Company Highlights:

• Emmertech closes $60 million fund to help fuel Canada as a global agtech leader

• Cubbie announces $1.35 million CAD in funding

• 7shifts raised $80 million in new funding

• IntelliCulture closes $1.7 million seed round

• Rivercity Innovations announces new partnership with Gedeth Network in Spain

• Rivercity Innovations announces membership with LoRa Alliance

"Credit unions have a long history of innovation. We’re founded on the idea of pooling capital and support to build the local economy and apply this principle to help us find solutions to 21st century problems,” said Mary Weimer, Chief Advice Officer at Conexus. “Several years ago, we set out on a mission to keep our founders in our province and attract the desperately needed funding to help these founders scale. The results are showing us that what we’re doing is working. Not only are we attracting more money to our province, but also helping create more jobs and more opportunities for startups, which in turn is improving the overall well-being of our members and communities.”

To learn more about Conexus and its innovative approach to building the local economy, click here.

For media inquiries, please contact:

Laura McKnight
Public Relations Specialist | Conexus Credit Union
Phone: 306-751-8201| Email: publicrelations@conexus.ca

ABOUT CONEXUS CREDIT UNION

Conexus is a forward-thinking, innovative credit union committed to improving the financial well-being of our members and communities. We do this by creating simple, personal, and empowering experiences for our members that are transformational, not just transactional. We are one of Saskatchewan’s largest credit unions and being connected to our communities across province is a commitment we have upheld for the last 80+ years. As a local co-operative, our profits are returned to our members through our rates, no-fee accounts, community investment and more. Visit Conexus.ca for more information.