What's Happening in Regina, SK…

ServiceBox, a cloud-based platform founded by a Regina entrepreneur, has received a major cash infusion from a venture capital fund.

Conexus Capital Inc., with support from Lex Capital and E. Craig Lothian, have invested $600,000 to allow ServiceBox to grow its business. The company provides digital accounting and organizational software to small businesses and organizations, such as plumbing and security companies.

The goal is to provide an easy-to-use, paperless system for smoother workflow, including managing estimates, orders and team members. The business was founded by John Clifford, a Regina native who was working for Farm Credit Canada at the time, along with Mike Schudel. Based in the Queen City, ServiceBox has now grown to incorporate 10 employees and service customers in both Canada and the United States.

The new capital will allow Clifford to dedicate his efforts to the company full-time. ServiceBox wants to improve its product and double its consumer base over the next 12 to 18 months. Clifford, who studied computer science at the University of Regina, has stressed the importance of developing local tech talent to help the city grow.

When selling business-to-business, networking connections are essential, from Business Cards handed out at trade shows to long-term client relationships. Increased funding can help to further reach and build these connections.

ServiceBox announced the Conexus funding earlier this month, and plans to begin expanding its services in 2021.

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