Ownr by IBOS member Royal Bank of Canada’s RBC Ventures has acquired Founded Technologies (“Founded”), an innovative, all-in-one technology platform that has helped thousands of Canadian entrepreneurs start and grow a business.
Founded provides businesses with the ability to automate sophisticated legal tasks such as incorporations, equity management, and legal agreements while saving thousands of dollars in legal fees.
COVID-19 has had a significant impact on Canadian small businesses, as revenues are down at least 20% in Q1 2020 compared to Q1 2019. Despite those challenges, Ownr has seen a rapid increase in entrepreneurship activity across Canada, with 100% growth in business formations since February. With this massive growth in small businesses, Ownr‘s mission to support entrepreneurs is more critical than ever.
Ownr offers best-in-class tools to register a business and grow a brand, quickly becoming the go-to solution for small business owners across Canada.
Read the full press release via RBC here.