category funding v3.png

Edmonton's TestFlight acquired by Burstly

Edmonton-born TestFlight announced today that they have been acquired by Burstly. They are jointly launching TestFlight Live today.

TestFlight is one of the most popular service for beta-testing iOS apps. Burstly is a startup focused on helping mobile developers monetize through advertising.

TestFlight Live is a real-time dashboard that highlights actions and revenue for iOS apps. The TestFlight Live feature set is broken down into four segments: engagement, audience, revenue, and stability. The goal of the product is to provide a real-time display of the important factors happening in your app right now. It is available via Safari on desktop, iPad, and iPhone.

read more

University of Guelph's BetterPlanet Project Aims for Sustainable Commerce, Just Like China

Are you a bigger believer in climate change today than you were six months ago, perhaps after the strange, unseasonal fall and winter in Canada?

At the very least, several major media outlets—including the Toronto Sun—have reported that there's something happening to the world's oceans where they are acidifying at levels unseen in perhaps 200-250 million years. Australian Joe Romm titled one article, "Ocean acidifying so fast it threatens humanity's ability to feed itself."

read more

INcubes Demo Day: Five Innovative Internet Entrepreneurs Seek Funding

Three months ago, INcubes opened their doors to seven new companies for incubation in Toronto. INcubes evaluated the market potential of these startup ideas, and then off the startups went into a three-month qualifying curriculum program. 

In the third month - after business plan refinement, expert advice, market research and development facilitation, resource procurement, third party qualification, and product plan refinement - five of the seven selected startups created an investor package presentation and practiced their pitch before going live Tuesday at the Royal Ontario Museum before an audience of interested parties. 

read more

Canadian-founded Uptake acquired by Groupon

Silicon Valley based Travel search engine Uptake was acquired by Groupon yesterday.

AllThingsD reported that Uptake had been acquired by for something in the “teens of millions” (between $10 and $20). The company raised roughly $14 million from venture capital investors, so it was basically a break even transaction. TechCrunch is reporting this transaction as an "acqhire" with the Uptake team being integrated into Groupon's Palo Alto office and the existing service being shut down.

But why is Techvibes covering this acquisition?

Uptake co-founder Yen Lee is a Canadian and a C100 member and we got a chance to sit down and chat with him about Uptake during C100's 48 Hours in the Valley. Check out the video after the jump.

read more

CBC's Newest Dragon Raising $100 Million Fund For Digital Startups

Rookie Dragons' Den investor Bruce Croxon is ready to invest in Canada's digital startups and announced today that he is bringing other investors on board his new $100 Million fund.

Croxon co-founded online dating service Lavalife in 1988 — well before social networking took hold. After the company is sold for $170 Million, he built Vida, a chain of holistic spas on the West Coast and started venture capital firm Round 13.

read more

A Total of $20 Million Was Just Invested in Eight Toronto Startups

Today, more than $20 million was invested in eight Toronto startups. About $5 million of that is coming from The Federal Economic Development Agency for Southern Ontario, which is vying to boost the local creative economy, with the remaining $15 million coming from venture capital groups. This is a rare but beautiful case of government and private capital working closely together to power budding companies.

1. StickerYou received $539,305 from FedDev, $500,000 from an unnamed venture capital firm and $1-million from IntelliVest.

2. Futurestate received $500,000 from FedDev, $1-million from the MaRS Investment Accelerator Fund and angel investment from members Maple Leaf Angels.

read more

Speakerfile CEO Peter Evans Talks About Participating in the CTA Initiative in New York City

Photo of Peter Evans

As a former CMO, executive speaker and organizer of events in the technology and healthcare sectors, Peter Evans, co-founder and CEO of Toronto startup Speakerfile knew that there must be a better way to connect corporate speakers to the $106 billion events industry. He was fascinated by the inefficiencies of the event organizer and speaker matchmaking process.

Together with co-founder Robert Carter, Evans developed an online platform that could help event organizers and media around the world connect better with an ever-expanding ecosystem of speakers and experts.

read more