November 27, 2018 (Saskatoon, Canada)— Sherpa, a business management software that provides business tools to small and medium-sized businesses, officially closed $700,000 of seed round financing on Friday. Funding was sourced from a handful of Saskatchewan-based angel investors.

Last week Innovation Saskatchewan issued Sherpa a certificate of eligibility under the Saskatchewan Technology Start-up Incentive (STSI) Program. STSI is an initiative that encourages investment into early-stage technology startups that will bring new products and services to market and create jobs in Saskatchewan. As an investor in an eligible early-stage technology startup, Sherpa investors once approved, will be eligible for a 45% non-refundable tax credit, subject to the terms and conditions of the program.

Also last week, Sherpa was announced as a finalist for the SREDA S.T.I.C. (Science, Technology, Innovation and Collaboration) Product Award. These awards celebrate the brightest minds in the Saskatoon Region and honours the people, projects and products that contribute to the Saskatoon Region’s world-class science and technology cluster. The product award recognizes an innovative product or service that has significantly impacted its sector. Along with Sherpa, finalists were:

• Brillist Better Projects
• SafetyTek
• Viking Innovations Ltd.
• SkillShark
• Draganfly Innovations—Winner