October 4, 2018: A new company that hopes to create 150 engineering jobs in Calgary has been awarded $1.5 million from a city fund created to help boost the local economy.
MobSquad — which matches Silicon Valley startups with software engineers and data scientists in Canada — is the brainchild of Relay Ventures, a venture capital firm with offices in Toronto and Silicon Valley. Irfhan Rawji, MobSquad CEO and one of Relay’s venture partners, said Relay invests in a number of Silicon Valley-based startups and knows the struggles they face to find talent.
“We were trying to help our own portfolio companies solve that challenge,” Rawji said. “So one of our ideas was could we help solve that challenge using Canadian talent . . . Then it grew to be, if this is an opportunity for Relay companies, why wouldn’t other companies be interested?”