Edmonton's Empire Avenue secures Seed Investment led by W Media Ventures

Posted by Rob Lewis

Boris Wertz of W Media Ventures and an undisclosed group of angel investors has provided seed funding to Edmonton's Empire Avenue - the world’s first influence stock market.

Techvibes published an exclusive interview with Empire Avenue CEO Duleepa “Dups” Wijayawardhana in May and the startup officially launched last month.

In beta Empire Avenue attracted over 15,000 registered users and local, national and international businesses from more than 95 countries worldwide who want to tap into the power and value of online influence. Over 750,000 virtual share trades have occurred on the site in the past three months with a total value of over half a billion Eaves, Empire Avenue’s virtual currency.

“We are incredibly excited to be working with Boris and his group, who bring valuable industry knowledge with their backgrounds and investments in social media and games, “said Duleepa Wijayawardhana, CEO of Empire Avenue. “With this investment, we will be able to continue bringing our vision to life and Empire Avenue to the world.”

According to their press release this morning, the funds will be used to accelerate development initiatives for the site, including the impending launch of their Avenue Rewards program and advertising platform.

Boris Wertz and W Media Ventures likely don't need an intro to Techvibes readers. Many of you know that Wertz is an investor in Techvibes Media and has been one of the most active angels in Canada with investments in Tynt, Suite101, Indochino, Yapta and Bootup Labs.

Update: TechCrunch is reporting that Empire Avenue raised $200K in this round.

Company:
W Media Ventures
Website:
http://www.wmediaventures.com
Location:
Vancouver, British Columbia, Canada

W Media Ventures is a Vancouver-based venture capital firm focusing on Consumer Internet opportunities in the Pacific Northwest and Western Canada. We are looking for entrepreneurs that want to build remarkable companies in the fields of digital media, e-commerce, social networks or platforms. Having founded and run Internet companies ourselves, we not only understand the space but also the challenges of starting... more

Company:
Empire Avenue
Website:
http://www.empireavenue.com
Location:
Edmonton, Alberta, Canada

Empire Avenue is a revolutionary online influence stock exchange combined with an advertising platform that allows individuals and organizations to convert their online influence and reach into revenue. To this end we will be connecting advertisers, consumers and influencers in a manner not as yet undertaken in the online space. Through the Empire Avenue influence stock exchange and its tracking features we will... more


Related Articles


blog comments powered by Disqus

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



Who's Hiring



Recent Comments

Powered by Disqus