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Canadian Startups Share Stories of Success and Failure at Mesh 2012

Yesterday marked Day 2 of the Mesh12 Conference in Toronto, Ontario. There were some inspiring and passionate presentations during the morning session, with speakers like Rebecca MacKinnon, author of The Consent of the Networked: The Worldwide Struggle For Internet Freedom, Michael Geist, a law professor at the University of Ottawa where he holds the Canada Research Chair in Internet and E-commerce Law, David Weinberger, co-author of Too Big to Know and The Cluetrain Manifesto, and Canadian Dr. Michael Evans, founder of the New Health Design Lab.

Mesh12 Conference organizers Mark Evans and Stuart MacDonald moderated an afternoon breakout Q&A session entitled “Tales from the Trenches. Stories from Startups” which boasted an impressive list of Canadian startup founder speakers including: Aliza Pulver, Andy YangEvgeny Tchebotarev, Dups Wijayawardhana and Heather Payne.

Below are their stories – from getting started to surviving the twists and turns of running a business:

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Toronto's SecureKey Raises $30 Million from Intel, Visa, MasterCard, Rogers, and Telus

Toronto's SecureKey Technologies announced this morning that it has raised $30 million in growth capital to fund the commercial rollout of its innovative online and mobile authentication solutions.  

The financing round was led by Intel Capital and included new investors Visa Inc., MasterCard, Discover Financial Services, Rogers Venture Partners LLC, and TELUS Corporation.

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GROWtalks: a hands-on playbook for creating startup success

The organizers of the GROW Conference have announced something new for 2012.

Day one of the three-day conference has now been labelled GROWtalks and will be focused on how startups can create simple, actionable metrics, and use them to make better product and marketing decisions for long-term growth.

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Celtic House Venture Partners Closes $105 Million Fund

Celtic House Venture Partners has reached a first close of Celtic House Venture Partners Fund IV LP at $105 million.

Investors in the fund include Ontario Venture Capital Fund, Teralys Capital, Export Development Canada and BDC Venture Capital.

Fund IV will focus on early‐stage investment opportunities in Media Communications Technology (MCT), partnering with teams that have outstanding records of innovation and entrepreneurial success.

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Venture Capitalism Slows in Canada in 2012

In the first quarter of 2012, Canadian buyout and private equity market activity maintained a "steady course," with "moderate" year-over-year growth in deal-making. But Canadian venture capital investment began the year at a much slower pace, according to a new report by Canada's Venture Capital & Private Equity Association.

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Kobo welcomes Pinterest to the Rakuten family

Rakuten Inc. announced today that it is leading a $100 million investment in Pinterest, with participation from existing investors Andreessen Horowitz, Bessemer Venture Partners, and FirstMark Capital, as well as a number of angel investors.

Last November Rakuten bought Canadian-made Kobofor a total of $315 million in cash. At the time Mikitani called the company "entrepreneurial, fast, and strong" and said the two companies have a "shared vision.

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GrowLab Matures with Announcement of Second Cohort

Two months ago, Techvibes reported that Vancouver's newest superangel, Mike Edwards, would be taking over the helm of Vancouver accelerator GrowLab. We warned Vancouver's startup community to buckle their seatbelts and prepare for "massive action" with Edwards in the Executive Director role.

Techvibes sat down with Edwards this morning to learn more about his first big GrowLab announcement—the cohort selected for their Spring 2012 program which kicks off next week.

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Toronto's Extreme Startups Reveals First Five Companies [Updated]

Toronto-based accelerator (not an incubator, like some misinformed people suggest) Extreme Startups has selected five companies for the inaugurual round of its program.

The organization saw applications from companies in 18 countries spanning five continents, according to TechCrunch—but ultimately settled with an all-Canadian lineup. Three startups are based in Extreme's hometown of Toronto, while one is from Edmonton and one is from Ottawa.

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Toronto’s Wave Accounting Secures $12 Million in Series B Funding

Today, Toronto-based startup Wave Accounting, a free cloud-based accounting software platform designed specifically for small businesses and solo entrepreneurs, announced that they have secured $12 million (USD) in Series B funding from the Social+Capital Partnership, a Palo Alto-based investor group aimed at turning venture capital into a socially progressive and constructive force that creates progress on a global scale, with participation from existing investors Charles River Ventures and OMERS Ventures.

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