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Angel Investment News
  • Hyatt brothers sell BlueCat Networks for $400-million February 23, 2017

    One of Canada’s most successful emerging technology companies, BlueCat Networks, Inc., has been sold for almost $400-million to U.S. private equity firm Madison Dearborn Partners LLC in the latest in a string of foreign takeovers in the sector.Co-founders Michael Hyatt, 43, and brother Richard Hyatt, 44, will pocket the majority of the proceeds and retain a minority stake. Michael Hyatt will also remain a BlueCat director. The deal for the company, whose server technology is used by about 1,000 large corporate and government customers to connect their users and devices securely to Internet-based applications and services, will be announced Thursday. Read More

  • Creating Matching Funds: A Widespread Motion February 17, 2017

    The Advisory Council’s second wave of recommendations is now available. This second set of recommendations focuses on unleashing Canada’s economic potential by unlocking innovation to drive growth, bringing more Canadians into the labour force, building a highly skilled Canadian workforce for the jobs of tomorrow, and strengthening Canada’s trading partnerships.

    Germane to NACO’s mission is to inform public policy affecting Angel investors across Canada. We are certainly glad to see key players and influencers of the ecosystem mirror the views that NACO has also expressed in the past – specifically, the motion of creating matching funds to increase liquidity and fuel both Angels and Angel-backed startups. You can know more of NACO’s role in public policy by visiting our Public Policy Page.

    See the Advisory Council’s full recommendation set. Read More.

  • Kickstarter opens Canadian office after snapping up Vancouver startup February 1, 2017

    Kickstarter PBC, the eight-year-old technology company that is practically eponymous for crowdfunding, has opened its first international office in Canada through the acquisition of Vancouver live-streaming video startup Huzza Media Inc.

    On its own, the acquisition is a good moment for Vancouver’s tech community, but it also serves to highlight Canada’s immigration policies when it comes to entrepreneurial newcomers after a tense weekend in the United States that saw more than 2,900 members of Canada’s tech industries sign an open letter to the Trudeau government urging it keep the country’s borders open. Read more. 

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