Montreal's Woozworld raises $6 Million from Telesystems and iNovia

According to VentureBeat's Dean Takahashi, Montreal's Woozworld has raised an additional $6 Million from Telesystems Ventures and iNovia Capital as well as unnamed angel investors.

In 2009 Montreal-based virtual world developer Tribal Nova launched Woozworld - a massive multi-player virtual world for tweens. By mid 2010 Woozworld had spun off from its parent raising a $3 Million in Series A financing round led by iNovia Capital and Telesystems Ventures.

Techvibes named Woozworld CEO Eric Brassard to our Digital Media People to Watch in Quebec list for 2011. At the time Woozworld's 25 person team had grown their world to over 1.7 Million user accounts and 2.5 Million virtual spaces with users in 140 countries.

Today Woozworld users have registered more than 7 million virtual characters, known as avatars, and have built more than 14 million virtual spaces.

Bernard Gerson, a former senior vice president of Disney, has joined the board. Gershon is currently president of GershonMedia, a digital media strategy practice. Eric Brassard, chief executive, said the company’s goal is to make Woozworld the No. 1 safe destination for tweens.

Company:: iNovia Capital
Website:: http://www.inoviacapital.com
Location:: Montréal, Québec, Canada

iNovia Capital is one of Canada’s premier managers of seed and early-stage venture capital funds, with operations in both Eastern and Western Canada. We combine access to innovative technologies, deal-structuring experience and a rigorous investment philosophy to build successful companies that deliver returns. Whether in information technology, life sciences or cleantech, we seek out companies that have global... more

Company:: telesystem
Website:: http://www.telesystem.ca
Location:: Montréal, Québec, Canada

Over the past 20 years, telesystem and its professional teams made venture capital investments exceeding $1.5 billion. Each of these teams has developed their own investment competence, while at the same time enjoying access to the extensive network of knowledge, contacts and expertise within the group. Being inveterate entrepreneurs, telesystem understands well the process of value creation for high technology... more

Company:: Woozworld
Website:: http://www.woozworld.com
Location:: Montréal, Québec, Canada

Woozworld Inc. is a developer and operator of virtual worlds. A recent spin-off from Tribal Nova Inc, the company markets and operates Woozworld.com, an innovative global web 2.0 virtual world for tweens that is built and led by its users. Its unique environment evolves continuously and allows users to create space, run activities and do business among countless other things. The company has a highly experienced... more

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Rob Lewis

Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com. His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can... more

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