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VerticalScope builds and operates a cloud-based platform that hosts a network of online enthusiast communities. It acquires established forums and integrates them into its platform, focusing on niche topics in areas like automotive, outdoor activities, and technology. The platform lets these communities run with centralized infrastructure while preserving their individual flavors, and it enables monetization through targeted advertising and premium memberships that offer ad-free experiences and extra features. Unlike others who start new forums from scratch, VerticalScope grows by purchasing existing communities and scaling them through its technology and services. The company's main goal is to grow its portfolio of highly engaged, category-specific communities and generate revenue from advertisers and paid memberships by leveraging its scalable cloud platform.
Industries
Data & Analytics
Consumer Software
Enterprise Software
Company Size
51-200
Company Stage
IPO
Headquarters
Toronto, Canada
Founded
1999
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Total Funding
$105.6M
Above
Industry Average
Funded Over
1 Rounds
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Scot a new site, and Sail GPs Sydney sacking. 16 July, 2026 Some of you may know of Scot Tempesta as one of the original punk rockers of the sailing internet. Scot founded Sailing Anarchy in 2002 on the USA west coast, and it went on to hit a cultural high-water mark around the time of the 33rd America's Cup, At that time the site had 400,000 unique visitors each month. I thought little old SWS was going ok with 20,000 visitors each month. It has always been a refreshingly, irreverent alternative to buttoned-up sailing media and even if you didn't embrace Scot's tone, you still had to take on board his opinions if you wanted to be a serious player. SA was always community-oriented, (a thing Southern Wooden Boat Sailing often bang on about in these pages). It covered global and local regattas with irreverent, sometimes profane commentary but always with an edge of truth, and often a truth that those high up in sailing's heiracy didn't want to hear. I loved it and It was part of my digital news intake every morning. Over the last few months there has been a major upheaval at the site. I not privy the details but the story seems to be that in March 2026, Scot was fired from the site he'd founded by the current owners, VerticalScope, a Toronto-based, publicly traded company. In April 2025 He announced it himself on Facebook, saying he'd been let go with no explanation given, and that the company had cut off his longtime [email protected] email address - the one he'd used as his primary email for 27 years. SailingAnarchy's only official comment was that he was fired "for cause." Tempesta has said he doesn't know the real reason, but suspects it relates to political friction - he described himself as politically progressive and openly critical of the current U.S. administration's environmental policies, and figures that clashed with VerticalScope's more corporate, "buttoned-down" culture. Anyway... enough of these shenanigans. The good news is that Scot has been reborn... on a great new site called RULE 69 ...a typically Scot like play on words... In case you don't know... From the racing rules of sailing- 69 MISCONDUCT A competitor, boat owner or support person shall not commit an act of misconduct. * Misconduct is: * conduct that is a breach of good manners, a breach of good sportsmanship, or unethical behaviour; or * conduct that may bring, or has brought, the sport into disrepute. Scot has kindly let Southern Wooden Boat Sailing reprocuce this recent article from Rule 69, to give you the vibe of the new site. And its an issue that regular readers of SWS know is close to my heart! Southern Wooden Boat Sailing has just had proof, if it were ever needed, that SailGP is much more of a business, than it is a sporting event. Without any public explanation, the Coutts/Ellison circus has dropped Sydney as a venue for the 2027 season. Sydney Harbour was where the first SailGP race was held back in February 2019. It has hosted a round of the series every year since. Imagery of the F50 cats with the spectacular Harbour and Opera House as backgrounds has been a prominent part of the event's image and promotional campaigns. Not every local sailor welcomed the disruptions SailGP caused to their normal weekend racing. There were some close calls when the foiling cats did warm-up runs before the afternoon exclusion zones came into effect (see pic,left). Nevertheless, the event enjoyed reasonable support. But apparently, not enough. Unlike the Formula 1 motor racing circuit, where the tracks are locked in for a set span of years, SailGP can change its locations at whim. There is little stability as venues come and go. The reasons for these changes are overwhelmingly commercial. If Coutts & Co can't make a location pay, then it will soon be dumped. Ticket sales and spectator boat access are key components of the SailGP business model. In the case of Sydney, the unique geography of the Harbour means that there is nowhere to erect shoreline grandstands where fans can buy a close-up view of the racing. The best vantage opportunity is Shark Island, a small rocky outcrop with limited space. The logistics of providing transport, food, drink and shelter are complex, and expensive. Crowds for the last few years were disappointing and local sponsorship support lackluster. Too few boat owners were prepared to pay the big bucks demanded for a privilege flag. Even with the Australian team leading the series, it was time for SailGP to cut its losses and look elsewhere. So, the next event 'Down Under' will be in Perth, 2,600 miles away on the other side of the continent. But for how much longer can SailGP keep wandering around the world chasing after a dollar?
VerticalScope Holdings has invested approximately $6.1 million in AltaML, a Canadian applied artificial intelligence company. The investment takes the form of an 18-month secured promissory note, with VerticalScope also receiving a five-year warrant for preferred shares in AltaML. The deal builds on an existing relationship where VerticalScope engaged AltaML as an enterprise client to deploy AI across its platform. AltaML, founded in 2018, delivers AI solutions to governments and enterprise clients across sectors including energy, legal, technology and financial services. AltaML will use the proceeds to refinance existing convertible notes and for working capital, including continued investment in its proprietary AltaForge agentic-AI platform. The investment deepens VerticalScope's AI strategy as the technology company operates online enthusiast communities serving approximately 90 million monthly active users.
VerticalScope Holdings reported first-quarter revenue of $11.6 million, down 15% year over year, as programmatic advertising remained weak. Digital advertising revenue fell 22%, driven by a 34% decline in programmatic revenue due to lower impression volumes and weaker CPMs. However, direct advertising rose 7% and now represents over 40% of the digital advertising mix, whilst e-commerce revenue increased 25%. The company is developing new AI tools, including Fora Frank and an AI-powered commerce feature, which are beginning to generate revenue. Monthly active users stabilised around 85 million and cash flow conversion remained strong at 86% of adjusted EBITDA. VerticalScope made a $12 million voluntary debt repayment and is targeting net leverage below 1x by year-end. Management said the quarter likely represented 2026's low point.
This Canadian tech stock has an upside of 146%, analyst says. Last updated on May 14, 2026 at 12:46pm ADT Beacon Securities analyst Gabriel Leung maintained a "Speculative Buy" rating and C$7.00 target on VerticalScope (VerticalScope Stock Quote, Chart, News, Analysts, Financials TSX:FORA) in a May 13 report after first-quarter results came in below consensus. VerticalScope reported Q1 revenue of US$11.9-million and EBITDA of US$2.3-million, compared with Leung's estimates of US$11.9-million and US$2.5-million. Consensus was US$12.8-million and US$3.9-million. Revenue fell 15% year-over-year, reflecting difficult comparisons in digital advertising and monthly active users. MAUs were 85.6-million, down from 104-million a year earlier, while ARPU improved slightly to US$0.045 from US$0.044. "On a positive note, we believe y/y comparisons should start to improve in Q2," Leung said, noting direct advertising rose to 40% of digital ad revenue from 30% a year ago and programmatic CPM headwinds are easing. Leung said MAUs improved to about 90-million in March and continued trending higher in April and May. He also said recent Google AI Experience changes could become a tailwind for traffic. VerticalScope generated US$2-million in unlevered free cash flow and ended the quarter with US$19.6-million in cash against US$44.6-million in debt. The company also began a cost-savings program expected to generate US$1.5-million in annualized savings. Leung said data licensing discussions remain active, with management sounding more optimistic after blocking 275-million unauthorized LLM scraping attempts in Q1. "Overall, we believe Q1 showed signs of continued progress with Q2 expected to further narrow the growth gap, leading to a potential return to modest y/y growth in H2 2026," Leung said. Leung expects VerticalScope to generate Adjusted EBITDA of US$18.5-million on revenue of US$55.6-million in fiscal 2026. Nick Waddell. Founder of Cantech Letter Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider. Toronto-based VerticalScope (VerticalScope Stock Quote, Chart, News, Analysts, Financials TSX:FORA) is showing signs of recovery as digital traffic stabilizes and... VerticalScope Holdings (VerticalScope Holdings Stock Quote, Chart, News, Analysts, Financials TSXV:FORA) is feeling the impact of a tough first quarter,... Loading more...
VerticalScope Holdings Inc. (“VerticalScope” or the “Company”) (TSX: FORA; OTCQX: VFORF) announced today that it had entered into a second amended and
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Industries
Data & Analytics
Consumer Software
Enterprise Software
Company Size
51-200
Company Stage
IPO
Headquarters
Toronto, Canada
Founded
1999
Find jobs on Simplify and start your career today