Regina-based Conexus Venture Capital (CVC) invested in Offstreet’s $2.4-million seed round, marking CVC’s first investment in nearly two years. This funding, part of CVC’s $30-million Fund II aimed at early-stage Saskatchewan tech startups, brings Offstreet’s total funding to nearly $4 million. Founded in 2016, Offstreet specializes in license plate-based parking validation software, targeting universities and healthcare centers. Despite a challenging fundraising environment in Saskatchewan, CVC’s managing director noted the potential for growth in the startup ecosystem, emphasizing the region’s ability to attract talented individuals. Offstreet plans to use the funds for product development and team expansion.

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