CHARLOTTETOWN, P.E.I. – A website development start-up in Prince Edward Island has received nearly a quarter of a million dollars to help bring its technology to market.
Charlottetown-based Forestry.io created an easy-to-use website development technology that helps businesses improve their online presence while allowing non-technical users to update and manage their own websites.
The company recently received a loan of $244,399 from the Atlantic Canada Opportunities Agency to help bring its product to market. The P.E.I. government is also providing labour rebates worth up to $120,086 to support the project.
“We're in a fortunate position as a P.E.I.-based startup,” said Forestry.io CEO and founder Scott Gallant. “We raised capital from investors located around the world and we've amplified that funding with government support from organizations like ACOA and Innovation PEI. Now the fun part starts, as we get to build a world-class product from our utopia-like province.”
Forestry.io is the first Atlantic Canadian company to be accepted into the TechStars NYC accelerator, and is also a graduate of P.E.I.’s Startup Zone.