Chango completes $1.4 Million Series A financing and opens NYC Office

Posted by Rob Lewis

Toronto-based Chango announced today the completion of their $1.4 million Series A financing with the addition of Metamorphic Ventures and Geoff Judge.

Chango's search targeted advertising product promises to help website publishers better monetize their sites by differentiating between search traffic and regular loyal readers. Visitors arriving from search enginres are shown highly relevant advertising based on their past search queries whereas direct navigation regular readers are shown only content they have come to expect from the publisher.

Today's financing builds on Chango's existing investor syndicate that includes iNovia Capital and Extreme Venture Partners. Chango completed a $750K series A financing in October 2009 led by iNovia with participation from Extreme Venture Partners.

Chango was founded by serial entrepreneur Chris Sukornyk.

Sukornyk co-founded The X-Stream Network which became Europe’s fastest growing Free ISP. X-Stream was sold in March 2000 to LibertySurf for US $75 Million. More recently, Mr. Sukornyk co-found Bubbleshare, a consumer focused photo sharing web application which was sold to Kaboose and is now defunct. In addition, Mr. Sukornyk founded Fivelimes, a green focused social-shopping site that was recently sold to Avid Life Media.

Company:
iNovia Capital
Website:
http://www.inovia.vc
Location:
Montréal, Québec, Canada

iNovia partners with exceptional entrepreneurs to build successful companies in high-growth sectors. The team is comprised of entrepreneurs and sector experts focused on Mobile, Internet and Digital Media. iNovia has offices in Montreal, New York City and Calgary and invests across North America. iNovia has $275M under management across three seed and early-­stage funds. For more information, visit www.inovia.vc... more

Company:
Extreme Venture Partners
Website:
http://www.extremevp.com
Location:
Toronto, Ontario, Canada

Extreme Venture Partners is focused on providing early stage venture capital. We recognize that sometimes all that is needed to propel a good idea into greatness is a small amount of funding and support from a seasoned team of technology and business alumnus. We bring together the agility and eagerness of an angel investor with the structure and support of venture capitalists. more

Company:
Chango
Website:
http://www.chango.com
Location:
Toronto, Ontario, Canada

Chango is a real-time marketing technology company with an advanced platform and full-service solutions for brands & agencies. We have a team of seasoned technology and media entrepreneurs who worked hard building technology to be able to deliver the kinds of results that we see. more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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