Today we’re excited to share some very big news: Founded has been acquired by RBC Ventures, a division of Royal Bank of Canada.
After nearly five years of building our platform, testing with early adopters, meeting users across the country, and gradually serving thousands of entrepreneurs, we’re thrilled to join forces with RBC Ventures and make an even bigger impact on Canadian entrepreneurship.
You won’t notice any immediate changes on Founded. RBC Ventures is committed to maintaining all services to Founded users. In the months ahead, Founded will be merged with Ownr, RBC Ventures’ existing platform for small business incorporation. In the meantime, your Founded services, online resources, and data, are all available and unchanged.
Founded was started by three close friends with a vision to make it easier to be an entrepreneur and get legal support in a modern and affordable way. We didn’t always know how we would pull it off, but we found the right supporters, a dedicated group of angel investors, and an incredible development and sales team to make it a reality. Eventually, a critical mass of fantastic entrepreneurs put their trust in us and spread the word as we grew into the go-to place for online legal support in Canada. For all of you, we are massively thankful!
Unlike many startup stories, this one certainly does not end with acquisition. In fact, our whole team is staying together under the RBC Ventures umbrella and is already busy planning for the future. RBC Ventures has given us a broad mandate to build our platform and is providing us the resources to do it like never before. Our goal is to go beyond core legal services and provide entrepreneurs with all the services they need to get started and thrive for the long-term. What you saw at Founded was only the beginning, and we can’t wait to show you what we have planned.
We realize that our good news comes at a tumultuous time when many entrepreneurs are stressed and uncertain about the future. There truly has never been a more challenging time to be an entrepreneur, nor has our economy been more desperately in need of bold new ideas and people brave enough to see them through. With the resources of RBC Ventures behind us, we remain here to provide a whole range of new services to help you build a successful business.
We look forward to continuing to work with you!
- Shane, Derek, Travis and the Founded/Ownr Team