A Total of $20 Million Was Just Invested in Eight Toronto Startups

Posted by Techvibes NewsDesk

Today, more than $20 million was invested in eight Toronto startups. About $5 million of that is coming from The Federal Economic Development Agency for Southern Ontario, which is vying to boost the local creative economy, with the remaining $15 million coming from venture capital groups. This is a rare but beautiful case of government and private capital working closely together to power budding companies.

1. StickerYou received $539,305 from FedDev, $500,000 from an unnamed venture capital firm and $1-million from IntelliVest.

2. Futurestate received $500,000 from FedDev, $1-million from the MaRS Investment Accelerator Fund and angel investment from members Maple Leaf Angels.

3. Fuse Powered received $500,000 from FedDev, $1-million from BlackBerry Partners Fund.

4. Shiny Ads received $197,500 from FedDev, $395,000 from York Angel Investors and Maple Leaf Angels.

5. Trillium Therapeutics received $965,000 from FedDev and $2 million from Covington Capital, GrowthWorks, and BDC Venture Capital.

6. Profound Medical received $867,000 from FedDev and $7.5-million from Genesys Ventures, BDC Venture Capital, MaRS Investment Accelerator Fund, and Tri-Color Venture Fund.

7. Axela received $708,333 from FedDev and $2.125-million from VenGrowth Capital.

8. Field ID received $575,000 from FedDev, $500,000 from the BDC and $1.15-million from the IntelliVest Angel Group.

Company:
Shiny Ads
Website:
http://www.ShinyAds.com
Location:
Toronto, Ontario, Canada

Self serve advertising platform for web publishers. Allows long-tail advertisers to create banner advertisement, set up their campaign, and pay for ad buy in an automated interface. Ties into web publisher's existing ad server and handles payment automatically. more

Company:
StickerYou
Website:
http://www.stickeryou.com/
Location:
Toronto, Ontario, Canada

StickerYou is the best custom sticker platform in the world. It’s a fun, flexible and easy-to-use online technology for people to create their own high-quality vinyl stickers. StickerYou offers the ultimate freedom for anyone looking to create stickers with our freeform die-cut sticker printing. Whether you’re using our art and brands, or uploading your own images, each sticker looks awesome! StickerYou is a... more

Company:
Fuse Powered
Website:
http://www.fusepowered.com
Location:
Toronto, Ontario, Canada

Fuse is a digital mobile game publisher, representing the world's best content developers to deliver great games to casual mobile gamers everywhere. Fuse increases the value of games by managing their exposure throughout their lifecycle in the Apple App Store. Fuse combines industry knowledge, a proprietary library, a real-time game performance dashboard and an ecosystem of users, internal and external marketing... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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