BlackBerry Partners Fund Invests $3.2 million In Xobni

by Varun Mathur | Business

The BlackBerry Partners Fund (BPF), a $150 million venture capital fund aimed at encouraging development of software for the BlackBerry, is investing $3.2 million (of a $10 million second round) in Xobni, a San Francisco-based email enhancement startup. Rick Segal, whose Toronto-based firm JLA Ventures is a partner in the BPF, alongwith RBC Ventures and others, blogged about the investment today. Excerpt:

Adam's (Xobni co-founder) brilliance in exploiting Outlook can't truly be appreciated until you dive in and see the code.  Just off the charts smart.  When doing my due diligence, I reached into the Redmond gang and no less than three times was given the "I can't figure out how the $%#! they are doing this, it's really amazing" commentary. Top tier respect coming right from Microsoft and a text book perfect play on the value add strategy. Well done.

BusinessWeek covered the announcement as well, noting that even Bill Gates is said to be a fan of the Xobni application - praising it in a speech last year. 

Relay Ventures
Toronto, Ontario, Canada

Relay Ventures is an early stage venture capital firm that invests in passionate entrepreneurs disrupting and creating new markets through mobile technologies. Unlike other funds, Relay exclusively focuses on software for mobile devices and the connected Internet, creating an unparalleled set of networks and resources that tangibly help founders build world-class companies. With offices in... more

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Varun Mathur

Varun Mathur

Varun Mathur is the Techvibes Community Manager in Toronto, focused on covering local tech startups, news and events. He is also a Co-founder and Product Manager at Zytran, a Toronto-based web startup which developed and launched - a personal news aggregator (Alertle's version 1.0 got widespread global coverage, with reviews written about it in various tech blogs and in over a dozen... more

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