Flow, the consulting startup, now part of Deloitte Canada’s family.

TLDR:

• Toronto-based consulting firm, Flow, has been acquired by Deloitte Canada
• Flow helps startups source funding, including tax credits, grants, venture capital, and loans

Toronto-based consulting firm Flow has been acquired by Deloitte Canada for an undisclosed amount. Flow, founded in 2006, helps startups source funding through various means, such as tax credits, grants, venture capital, and loans. Following the acquisition, Flow’s team of 15 will be integrated into Deloitte’s Global Innovation and Investment Incentives practice. Flow CEO Elaine Coopersmith will join Deloitte as a director, and founder Raymond Luk will join as a senior advisor and founder in residence. Deloitte Canada has been increasing its focus on the Canadian technology and startup scene in recent years, and the acquisition of Flow further bolsters its ability to drive value for clients and the early-stage technology ecosystem. Within Deloitte, Flow’s team will continue to provide funding consulting services to clients, specifically in relation to the federal government’s Scientific Research and Experimental Development (SR&ED) tax credit. Deloitte is the only firm with a “Flow-level” commitment to Canadian early-stage startups, according to Luk, who is excited about the resources that Deloitte provides for founders.