Communitech Hyperdrive Grad Tacit Innovations Raises $700,000 Seed Round from BDC and Others

Posted by Techvibes NewsDesk

Tacit Innovations has raised a seed round.

Tacit, which graduated from the most recent cohort of Communitech's Hyperdrive accelerator, raised $700,000. The capital comes from BDC, Canrock, Hyperdrive, and private unnamed investors.

The Canadian startup is based in Toronto but also has an office in Waterloo. It developed a platform called maegan, technology that allows customers to discover restaurants, browse menus, manage their orders and pay for their meals from the comfort of their own smartphone.

“Our vision is to increase the restaurant-goers satisfaction while dining out by allowing them to quickly find detailed information about where and what to eat, and empower them to better control their experience,” explains Cris Jucan, CEO of Tacit Innovations. “Financing will fuel the mobile platform development as well as sales and growth."

 

RELATED: Hyperdrive Accelerator Experiences Trend of More Female Founders

 

"The next step is launching the product in restaurants across North America," Jucan added.

“Our goal is to reduce the amount of time it takes for customers to find, place, and pay for an order in a restaurant, and to also allow restaurants to effectively and efficiently manage their staff, menus and social media platforms,” added CTO Brenda Crainic. “The new technology integrates seamlessly with existing critical in-restaurant systems and technologies, such as Point of Sale and Payment solutions.”

Company:
BDC Capital
Website:
http://www.bdccapital.ca
Location:
Montréal, Québec, Canada

A subsidiary of the Business Development Bank of Canada (BDC), BDC Capital offers a full spectrum of specialized financing and investment solutions to help Canadian entrepreneurs achieve their full growth potential. With more than $1 billion under management, BDC Capital takes a strategic, patient approach to nurture companies’ development over the long term. From venture capital to equity to growth and transition... more

Company:
Communitech HYPERDRIVE
Website:
http://hyperdrive.communitech.ca
Location:
Kitchener-Waterloo, Ontario, Canada

Communitech HYPERDRIVE is a startup incubator that provides enhanced mentorship and other life cycle services to early-stage tech companies. The goal of the program is to maximize the ability of these companies to commercialize innovations and prepare them for investment opportunities. The program also enables 'soft landings' for experience in foreign markets, and higher visibility for investment sources and... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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