LX Ventures to Raise $3 Million to Help Growth of Mobio, Strutta, Copper.io

Posted by Techvibes NewsDesk

LX Ventures is raising just over $3 million to continue to accelerate the growth of the Company's core portfolio companies, including Mobio and Strutta.

Issuing just under nine million units for 35 cents each, the Vancouver-based publicly traded incubator says the non-brokered private placement will help foster the growth of the companies under its uncubation, which include the recently acquired Copper.io.

LXV also announced that it has retained Liolios Group to provide investor relations services from its head office in Newport Beach, California, as well as its office in Toronto, Ontario. According to LXV, Liolios Group will work closely with LXV management to refine and deliver the company's message and introduce the company to key investors and influencers in the financial community.

"We are experiencing tremendous momentum with the explosive growth of our Mobio INsider platform and we are committed to continuing the rapid acceleration of this business segment. In addition, with the recent acquisition of Strutta.com Media and Copper Cloud Inc., we are well positioned to introduce our exciting value proposition to a wider audience of capital markets participants. The tremendous experience of Liolios Group will position us well, as we expand into larger markets in Europe and the US," said CEO Mike Edwards, who last year was ranked among Vancouver's most powerful people alongside HootSuite founder and LXV board member Ryan Holmes.

Company:
Strutta
Website:
http://www.strutta.com
Location:
Vancouver, British Columbia, Canada

Strutta's industry leading technology connects brands with their target consumers through powerful social promotions. Its do-it-yourself tools allow agencies, brands and developers to easily create and manage interactive contests and sweepstakes. Strutta has powered award-winning promotions for top international agencies, Fortune 500 companies and small businesses. Clients include Microsoft, AirBNB, Edelman,... more

Company:
Mobio INsider
Website:
http://www.mobioinsider.com
Location:
Vancouver, British Columbia, Canada

Mobio INsider is the social network for influencers and their followers. We provide users with a community where they can discover, follow and interact with each other - and, we give influencers an opportunity to earn money through our revenue sharing program. Mobio INsider is owned by LX Ventures and is headquartered in Vancouver, BC. To learn more, please visit www.mobioinsider.com and... more

Company:
LX Ventures
Website:
http://www.lxventures.com
Location:
Vancouver, British Columbia, Canada

LX Ventures is a publicly traded incubator that launches, integrates, and acquires early stage high growth technology companies. We are a group of entrepreneurs dedicated to developing the next generation of entrepreneurs by providing funding, resources, mentorship, and access to our global network. We are in the business of building businesses. Our approach is twofold: we either partner with existing companies to... 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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