Extreme Startups Grad to Close $3 Million VC Round

Posted by Rob Lewis

Accelerator Extreme Startups debuted its latest cohort of digital entrepreneurs last night at an invite-only Demo Day at the Burroughes Building in Toronto.

Extreme Startups managing director Marcus Daniels emceed the event opened it describing his newly revamped accelerator as a four-month cross fit program for entrepreneurs.

The Extreme Startups grads launching products and seeking funding were SqueezeCMM, FameBit, ExecNote (self-identified as "HootSuite for Sales People), and Candid.

The event included alumni updates from grads Picatic and Sciencescape. Side note: ShopLocket's Katherine Hague was scheduled to update the crowd but was "unavailable" - so look out for big news from ShopLocket soon.

While Picatic's update confirmed why they are a finalist for our Accelerator Grad of the Year Award, the most impressive update came from Sciencescape's Sam Molyneux.

Molyneux shared that his company has just closed $2.5 million of an oversubscribed funding round that will likely expand to $3 million. Sciencescape was a member of the last graduating class of Extreme Startups and their financing round is being led by iGan Partners.

Sciencescape is an academic research platform that is trying to make scientific research manageable for researchers, students and academics.

The financing round wasn’t the only progress update the startup announced. Molyneux also revealed that Sciencescape has now partnered with global educational publishing giant Elsevier. The partnership with Elsevier will provide access to 11 million full-text articles through Sciencescape directly.

If you missed the event, look out for the four graduating companies at the upcoming Extreme Startups Acceleration Zone at the DX3 Conference in Toronto.

Company:
ShopLocket
Website:
http://www.shoplocket.com
Location:
Toronto, Ontario, Canada

ShopLocket lets anyone start selling professionally online in minutes. Simply publish a product, embed it in any website, Facebook page, or blog post, and start collecting orders. Finally, selling online is as simple as it should be. more

Company:
Extreme Startups
Website:
http://www.extremestartups.com
Location:
Toronto, Ontario, Canada

Extreme Startups is a venture backed startup accelerator that supercharges founder development, optimizes product-market fit and graduates fundable companies. Our evolved programs provide an unrivaled combination of seed capital (up to $250K), digital product leadership education and access to a global pool of mentors. Investors and financial partners include Business Development Bank of Canada (BDC), Relay... more

Company:
Picatic
Website:
http://www.picatic.com
Location:
Vancouver, British Columbia, Canada

Picatic is a crowd-funding platform for the event ticketing and management space. Picatic guarantees successful events by completely eliminating risk for event organizers. Ticket buyers are given an opportunity to make their favorite events happen by pledging funding toward an event's ‘tilt target’. A pledge entitles the buyer to a discounted ticket, if the event meets it's tilt target before the posted deadline.... more

Company:
Sciencescape
Website:
http://www.sciencescape.org
Location:
Toronto, Departamento de Antioquia, Colombia

Sciencescape is a tool for discovering and organizing research you care about. 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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