Victoria's closes $1 Million Angel Round

Cloud-based news platform announced today that it has closed a $1 million financing round from angel investors led by Elton, Adrian and Myron Pereira & Don Wharton, all Co-Founders at ParetoLogic Inc. The funds will be used to accelerate North American expansion out of its offices in Victoria, San Francisco and New York.

“This round of angel financing will allow us to grow our team, aggressively increase our sales and marketing efforts into the sports event marketing and advertising industries, and continue to innovate and scale our technology to keep pace with the rapid adoption of our cloud-based news distribution platform,” said new CEO Greg Bobolo.

SendtoNews launched its platform at the Vancouver 2010 Olympics where more than 1,450 reporters used the SendtoNews platform to send video to their home networks in over 200 different countries. The platform has since been used for high-profile sporting events worldwide and adopted by North America’s largest news organizations.

The company’s success has gotten the attention of Elton Pereira, a Victoria-based entrepreneur who co-founded the security and utility software company ParetoLogic and helped transform it into one of North America’s fastest growing technology companies.

“I recognized this as an exceptional investment opportunity,” said Pereira. “ is well positioned in the high-growth space of cloud-based news distribution and has paired a transformational technology with a management team that has an exceptional knowledge of the news industry.”

Victoria, British Columbia, Canada

Headquartered in Victoria (British Columbia), with affiliate offices in Vancouver, Toronto, New York, San Francisco and London (UK), SendtoNews is the fastest growing syndicator of sports video highlights in the world. The company currently monetizes and distribute game highlights, player interviews and other fan-interest content for more than 75 sports leagues on four continents and its... more

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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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