Calgary’s Mastrius Wins Okanagan Angel Summit, Takes Home $180K
The Okanagan Angel Summit, a prestigious event that brings together investors and entrepreneurs, recently concluded with a big win for Calgary-based startup Mastrius. The company, which specializes in developing innovative solutions for the construction industry, took home a grand prize of $180,000.
The summit, held in Kelowna, British Columbia, saw 10 startups from across Canada pitch their ideas to a panel of angel investors. These investors, who are high net worth individuals looking to invest in promising startups, evaluated each pitch based on its potential for growth and profitability.
Mastrius, led by CEO and co-founder John Smith, impressed the judges with their cutting-edge technology that streamlines the construction process and reduces costs for builders. The company’s innovative approach caught the attention of the investors, who saw great potential in the product.
“We are thrilled to have won the Okanagan Angel Summit and to have the support of these experienced investors,” said Smith. “This funding will allow us to further develop our product and expand our reach in the construction industry.”
The $180,000 prize includes a combination of cash and in-kind services, such as legal and accounting support, to help Mastrius grow and succeed. The company plans to use the funds to hire more staff, enhance their technology, and increase their marketing efforts.
The Okanagan Angel Summit, now in its third year, has become a highly anticipated event in the Canadian startup community. It provides a platform for entrepreneurs to showcase their ideas and connect with potential investors, while also promoting economic growth and innovation in the region.
“We are proud to have hosted such a successful summit and to have played a role in supporting the growth of these promising startups,” said summit organizer, Jane Brown. “We look forward to seeing the impact that Mastrius and the other participating companies will have in their respective industries.”
With the support of the Okanagan Angel Summit, Mastrius is poised for success and is set to make a significant impact in the construction industry. The company’s win serves as a testament to the thriving startup ecosystem in Canada and the potential for innovative ideas to make a difference in the world.
