Canadian Startup Relay Raises $700,000 from Real Ventures and Others

Posted by Techvibes NewsDesk

Toronto-based Relay has raised $700,000 from a mix of Canadian and US investors, including Real Ventures and Peter Thiel's Valar Ventures.

Relay was part of Extreme Startup's last "preccelerator," a side program to its main accelerator that provides free coworking space for select startups. The mobile app allows users to search for pictures and videos—both their own and those found on sites such as YouTube—and deliver them to friends.

Self-described as "the chat app for people from the internet," it's designed to be the easiest way to share multimedia assets with friends, and a "relay" feature triggers virality amongst sharers.

Relay is the latest app in a wave of those targeted as mobile messaging. Although Canadians continue to send more and more texts, it's clear that other forms of instant communication are gaining popularity among smartphone owners.

Company:
Real Ventures
Website:
http://www.realventures.com
Location:
Montréal, Québec, Canada

We look for inspiring entrepreneurs who exhibit unique insight and appreciation of their target market and industry. You can be first time or seasoned. If you have passion, vision and a big opportunity we want to work with you. We’ve had our successes and failures, so we should know what you’re going through and so we look for entrepreneurs who want our input and are open to this collaborative approach. We look to... 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


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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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