Extreme U becomes Extreme Startups with $7 Million in committed funding

by Rob Lewis | Startups

Montreal has FounderFuel, Vancouver has GrowLab, and now Toronto has Extreme Startups.

Extreme Venture Partners successful Extreme U program has morphed into an accelerator.

According to their press release this morning Extreme Startups is a "premier tech accelerator" providing up to $200,000 per company, a collaborative environment, and deep access with companies so that accepted startups can integrate the tools they need from the ground up.

We looked at what was and was not working in the market, and decided to build something different. The funding we can provide is superior. Our mentorships and deep industry collaborations will help our cohort companies speed the rate at which they reach escape velocity. Placement of our companies in cohorts gives them the ability to push together and to collaborate. We have the pieces in place to hit a whole new level of excellence.

Serial entrepreneur Dan Debow (who’s Rypple was recently acquired by Salesforce) will join the Extreme Startups team for its inaugural cohort as the Entrepreneur Link. The Entrepreneur Link is a role specifically created to give participants a person "who has been there and done it.”

Investors in Extreme Startups include Extreme Venture Partners, BlackBerry Partners Fund, Rho Canada Ventures, OMERS Ventures, and the Business Development Bank of Canada. Andy Yang, a member of the BlackBerry Partners Fund investment management team, will become Program Director.

“The genesis of Extreme Startups was in Extreme University, “ said Extreme Venture Partners’ Co-Founder and Managing Partner Amar Varma. “We knew we were onto something extraordinary. But we also knew that to take it to the next level, we needed to reach out to our peers, some of the best minds and investors in the world. We are stronger for everyone’s input.”

Extreme Startups will have 2 cohorts of 5 companies each per year - applications open today and close March 1st.

Extreme Venture Partners
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

Extreme Startups
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... 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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