Toronto's SeaWell Networks Raises $5 Million from Northwater and BDC

Toronto-based startup and MaRS client SeaWell Networks, which develops multi-platform video delivery software for network operators, has announced that it's secured $5 million in Series B investment. Led by Northwater Intellectual Property Fund LP 2, with participation by BDC Venture Capital, the funding round "will be used to support ongoing trials with customers, expand sales and distribution, and continue to augment the development of Spectrum," the company's core product.

"SeaWell's experienced team is well on their way to changing the video delivery industry," said Krista Jones, Practice Lead in MaRS' Information Technology, Communications and Entertainment (ICE) practice. "This financing round is demonstrative of the support for the team and their vision."

"This is an important step for SeaWell and demonstrates continued support from our founding partners," said Brian Collie, co-founder and CEO of SeaWell Networks. "As the industry continues to take huge strides toward broadband video, our vision of putting intelligence into the network comes into focus."

BDC Capital
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... more

Toronto, Ontario, Canada

MaRS, one of the world’s largest urban innovation hubs, connects the communities of science, business and capital and fosters collaboration among them. This happens physically through location of research labs, companies of all sizes, business advisors, investors and professional services within the MaRS Centre and more broadly through hands-on advisory services, entrepreneurial programming,... more

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