About SCM Canada
SCM Canada is a company based in Edmonton (Canada) founded in 1986 was acquired by Davies Group in November 2025.. SCM Canada has completed 1 acquisition, including Affirmative Risk Management. SCM Canada offers products and services including Claims Management, Risk Mitigation, and Property Appraisals. SCM Canada operates in a competitive market with competitors including Artificial Labs, Leonteq, CoverSure, Web Connectivity and Sagitec, among others.
- Headquarter Edmonton, Canada
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Warburg Pincus
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of SCM Canada
SCM Canada offers a comprehensive portfolio of products and services, including Claims Management, Risk Mitigation, and Property Appraisals. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Handles insurance claims for corporate clients.
Provides solutions to minimize risks for people and assets.
Offers appraisals to quantify property risk exposure.
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Funding Insights of SCM Canada
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2017 | Amount | Private Equity Round - SCM Canada | Valuation |
investors |
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| Sep, 2014 | Amount | Debt – Conventional - SCM Canada | Valuation |
investors |
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| Aug, 2010 | Amount | Private Equity Round - SCM Canada | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SCM Canada
SCM Canada has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Warburg Pincus, Davies Group and TorQuest Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Middle-market private equity investments are managed by TorQuest Partners.
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Founded Year | Domain | Location | |
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Provider of professional services and technology solutions for insurance and financial services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SCM Canada
SCM Canada has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Affirmative Risk Management. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Sporting goods and outdoor equipment are retailed for recreational activities.
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1987 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SCM Canada
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Scm Canada Comparisons
Competitors of SCM Canada
SCM Canada operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Artificial Labs, Leonteq, CoverSure, Web Connectivity and Sagitec, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Software solutions provider for Insurers
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| domain | founded_year | HQ Location |
Products and Services provider for Structured Products
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| domain | founded_year | HQ Location |
Provider of insurance products, risk assessment, policy management, and advisory services
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| domain | founded_year | HQ Location |
Software solution provider for insurance business processes
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| domain | founded_year | HQ Location |
Pension administration and unemployment insurance software solutions are provided.
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| domain | founded_year | HQ Location |
Life insurance policy management and trust administration solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Scm Canada
Frequently Asked Questions about SCM Canada
When was SCM Canada founded?
SCM Canada was founded in 1986 and raised its 1st funding round 24 years after it was founded.
Where is SCM Canada located?
SCM Canada is headquartered in Edmonton, Canada. It is registered at Edmonton, Alberta, Canada.
What does SCM Canada do?
SCM was founded in 1986 and is headquartered in Edmonton, Canada. Operations focus on the insurance sector, where software solutions and data analytics are utilized to enhance efficiency for brokers, underwriters, and claims handlers. Expert professionals are deployed to assist front-end processes. The company, previously known as The Shumka Group, has supported industry participants for over 30 years through backend technological infrastructure.
Who are the top competitors of SCM Canada?
SCM Canada's top competitors include Artificial Labs, Leonteq and CoverSure.
What products or services does SCM Canada offer?
SCM Canada offers Claims Management, Risk Mitigation, and Property Appraisals.
How many acquisitions has SCM Canada made?
SCM Canada has made 1 acquisition, including Affirmative Risk Management.
Who are SCM Canada's investors?
SCM Canada has 4 investors. Key investors include Warburg Pincus, Davies Group, TorQuest Partners, and ClaimsPro.
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