Uvaro Inc. and its subsidiary Lighthouse Labs Inc. filed assignments in bankruptcy on August 1, with Uvaro listing liabilities of $5.7 million (including $3.9 million to Lighthouse Labs) and Lighthouse Labs listing liabilities of $3.1 million.

Uvaro is a provider of tech upskilling and reskilling programs across North America, while Lighthouse Labs provides web development and technology-focused online bootcamps and is licensed as a private career college in Ontario, Alberta and BC.

Following Uvaro’s acquisition of Lighthouse Labs in January 2025, the companies experienced a significant decline in revenue, in part related to a shift in government funding away from broad, cross-sectoral funding to targeted, sector-specific support in the wake of US tariffs. This was aggravated by an increase in fixed costs, leading to a liquidity crunch that resulted in the bankruptcy filings.

Glass Ratner is the bankruptcy trustee, represented by Loopstra Nixon. The trustee is working closely with provincial regulators to transition student records and assist with the transfer of students to other education providers where possible.