L-SPARK Achieves Significant Milestones
February 18, 2025
L-SPARK — Enterprise SaaS and Corporate Accelerator
l-spark.com
The final quarter of 2024 was marked by significant milestones and remarkable achievements for L-SPARK and the vibrant ecosystem we are privileged to support. From flagship events to corporate innovation initiatives, the past three months have been a testament to the strength and growth of our community.
L-SPARK Select Launch
October kicked off into high gear as the team prepared for the first event to support the official launch of our corporate innovation program, L-SPARK Select. Building on a legacy of impactful collaborations with corporations like BlackBerry, TELUS, and Calian, this program reinforces our leadership in driving corporate innovation in Canada. The event invited Calian CEO, Kevin Ford, and Deloitte Ventures Managing Partner, Talia Abramowitz, to sit down with our very own Leo Lax and discuss the state of corporate venturing in Canada and how Calian was able to succeed in previous corporate innovation initiatives with L-SPARK.
SAAS NORTH Conference
November brought to town the 9th SAAS NORTH Conference, co-founded by L-SPARK and Cube Business Media. Our team had the pleasure of hosting several sessions such as the annual Pitchfest competition and RBCx Investor Breakfast, while the current cohort founders took to the exhibition floor to get their names out there and connect with the investment ecosystem. The energy over the two days was palpable, setting high expectations for next year’s 10th-anniversary celebration.
Corfix Secures Series A Funding
Amid the conference buzz, one of our cohort 8 alumni, Corfix, achieved a remarkable milestone by securing Series A funding from Reformation Partners. This strategic partnership will enable Corfix to accelerate product development, increase presence in the US, and advance its mission to modernize construction project management through worker-focused technology.
Mutuo Health Solutions Acquired
It was only one month later in December that Mutuo Health Solutions [cohort 10] announced their successful acquisition of majority shares by HEALWELL AI INC. for $5.5M in cash and a portion of shares. Mutuo Health’s AutoScribe platform is an advanced AI-powered ambient scribe solution that transcribes clinician-patient interactions into high-quality electronic medical records in real time using natural language processing and machine learning technology.
We are always excited to hear of big wins for our program alumni and are very excited to see what momentum these milestones bring for the companies. For 2025, we remain committed to empowering Canada’s SaaS founders and driving the ecosystem forward.