Toronto's AppHero Raises $1.8 Million from Omers Ventures and More

Posted by Knowlton Thomas

Toronto-based AppHero is a startup building an intelligent social recommendation platform for mobile applications. The Canadian company just announced this morning that it has secured $1.8 million in seed financing.

Omers Ventures, which seems to be everywhere lately, lead the round alongside with Golden Venture Partners, Eniac Ventures, and top angels and seed funds. The aforementioned investors have already contributed $1.3 million, AppHero says, with an additional $500,000 "forthcoming from other sources."

AppHero was founded on the principle that discovering the most relevant apps shouldn’t be time consuming and painful. It helps users by "personalizing the app discovery process, showing the best and most relevant apps and allowing them to seamlessly share these apps with their friends," according to the startup. 

“Consumers have been paralyzed by the sheer volume of apps, and often miss out on the ones that are truly best for them,” said Jordan Satok, founder and CEO of AppHero. “We have focused on building an innovative recommendation platform with a simple user experience to match users with apps they will love. This new funding allows us to continue growing our team to make our social recommendation platform more intelligent and expand to other verticals.”     

“AppHero has a unique approach to helping consumers discover the apps that are the most relevant for them,” said Derek Smyth, Managing Director of OMERS Ventures. “Our job is to find the best and brightest companies at any stage of development that we believe have the opportunity to achieve significant success in their markets. We believe AppHero has that potential, and we’re excited to be working with the team at AppHero to shape the future of mobile discovery.”   

The company was founded in Toronto in 2011.

Company:
OMERS Ventures
Website:
http://www.omersventures.com
Location:
Toronto, Ontario, Canada

We're OMERS Ventures and we are as passionate about your success as you are about your company. We are looking for like-minded partners who have a shared vision of building a vibrant and successful Canadian knowledge economy. OMERS Ventures is the venture capital arm of OMERS, one of Canada's largest pension funds with over $53 billion in net assets. more

Company:
AppHero, Inc.
Website:
http://apphero.com
Location:
Toronto, Ontario, Canada

AppHero learns about you from your Facebook profile and intelligently recommends apps you'll love. more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



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