Angel Investment News

Keep your finger on the pulse of our Angel investment community by reading the latest news about NACO members and partners.

To submit a story about a NACO member, Angel group or partner organization, contact the media team at media@nacocanada.com or 416-581-0009 ext. 2.

May 2017

AngelList Enables Initial Coin Offerings, or ICOs

May 23, 2017

For a new form of funding, initial coin offerings, or ICOs, have been raising money at astonishing speed — amassing about $440 million over two years, mostly for developers of early-stage projects.These crowdsales of new cryptocurrencies give entrepreneurs access to funding from the crowd, and token buyers, in turn, get something akin to a form of equity in the network, since, if the platform becomes more popular, the price for their shares should rise. Read More.

27 Big Industries Where Blockchain Could Be Used

May 23, 2017

Bitcoin’s existence as a decentralized digital currency is made possible by what’s known as blockchain technology, essentially a public ledger that securely and automatically verifies and records a high volume of transactions digitally. Here are a few of the ways that companies — both large and small — are trying to harness the power of the blockchain. Read More.

$1B+ Market Map: The World’s 196 Unicorn Companies In One Infographic

May 23, 2017

The largest share of the world’s unicorns (17%) are in e-commerce and/or operate an online marketplace. Rounding out the top three most crowded markets for unicorns are: internet software & services (14%) and fintech (11%). Forty companies became unicorns worth $1B+ or more last year. The most valuable company in the e- commerce / marketplace category is Airbnb ($29B), while Infor and Dropbox are the two most valuable companies operating in internet software & services, worth $10B and $9.4B, respectively. Read More.

Vanedge Capital leads $5 mln Series A financing of Bitfusion

May 8, 2017

Bitfusion, a U.S. provider of artificial intelligence (AI) infrastructure management software, has secured US$5 million in a Series A financing. The round was led by Canadian venture capital firm Vanedge Capital. Read More. 

Moneyball for your Startup Accelerator Application

May 8, 2017

You have done your research to figure out if your company is a fit for a program like YCombinator, Techstars, UpRamp, or one of the many others in the world and now you are ready to start the online application process. Good friggin’ luck, because you have likely already lost the game. Read More. 

Pythian secures $15 mln in financing from BDC Capital

May 8, 2017

Ottawa-based information technology services company the Pythian Group Inc has closed a $15 million mezzanine financing with BDC Capital‘s Growth and Transition Capital. The proceeds will be used to invest in growth initiatives, including expansion into Europe, and to repurchase shares from several long-term shareholders. Read More.

Infographic: Who Invests in Canadian SaaS?

May 1, 2017

Time and time again SaaS startups contemplate who they should approach for investment. There’s a general sense in our community that it’s difficult to raise money in Canada. Software startups have this misconception before they do their own digging that they need to go south of the border to raise a round. SaaS founders – before you pack your bags for a trip to San Francisco – have a look at this. Read More.

How CETA Can Help Fill Talent Gap In BC’s Tech Sector

May 1, 2017

Experts from BC and across Canada say the soon-to-be ratified Comprehensive Economic and Trade Agreement (CETA) can provide some relief by easing restrictions on bringing labour across borders from the European Union’s 28 member countries.  It’s forecasted that “the availability of homegrown ICT talent will not be sufficient to meet these hiring requirements.” To fill the talent gap, BC SMEs must look overseas. Read More.

The Kapor Center Releases “2017 Tech Leavers” Report

May 1, 2017

The Tech Leavers Study is a first-of-its-kind study examining why people voluntarily left their jobs in tech. The Kapor Center for Social Impact and Harris Poll surveyed a representative sample of more than 2,000 U.S. adults who have left a job in a technology-related industry or function within the last three years. The key takeaway is that workplace culture drives turnover, significantly affecting the retention of underrepresented groups, and costing the industry more than $16 billion each year. Read More.

Real Matters looks to raise up to $132 mln in IPO

May 1, 2017

Founded in 2004, Real Matters runs an online platform that offers proprietary data on real estate services, such as appraisals, mortgage closings and title searches. Real Matters is seeking a $1.1 billion valuation with the issue. Real Matters will account for $100 million of the IPO’s proceeds, including proceeds generated by the greenshoe option. The money will be used to help discharge costs associated with the company’s buy of Linear Title & Closing last year, repay debt, and advance its growth strategy. Read More.

Innovacorp joins in $1.5 mln seed financing of The Money Finder

May 1, 2017

Halifax-based financial technology startup The Money Finder has raised $1 million in a seed-stage financing. Canadian venture capital firm Build Ventures led the round and was joined by Innovacorp. The Money Finder specializes in cash-flow planning training software and programs for financial professionals. It plans to use the fund raised to add more technical resources to the company’s team. Build Ventures invests in technology opportunities in Atlantic Canada. Read More.

Exiger buys Canadian Regulatory Tech Startup OutsideIQ for $30 mln

May 1, 2017

The deal, reported earlier by Reuters, is for $30 million, and is one of the top 10 largest disclosed acquisitions of a venture-backed Canadian tech firm since 2014, according to Thomson Reuters data. New York-based Exiger, which has used OutsideIQ’s cloud-based software since 2014, sells technology and services to help businesses comply with complex global regulations in areas such as money laundering and financial crimes. Read More.

April 2017

PwC Report: Foreign Investment Increase, Deal Activity Decrease

April 26, 2017

Canadian VC’s invested $623 million ($460 million USD) in Canadian companies in Q1 2017, according to a new MoneyTree Report from PwC Canada and CB Insights. Overall, total deal investment was up 10 percent over Q1 2016’s total of $567 million ($419 million USD). Deal activity dropped 25 percent through the quarter from Q4 2016, However, deals and dollars into Canadian companies had hit eight-quarter highs in Q4 2016, with investment figures fuelled by BlueRock Therapeutics’ $295 million ($225 million USD) biotechnology mega-round. Read More.

WeWork’s Creator Awards Open in Toronto

April 26, 2017

The funding, which takes the form of loans or equity investments, range between $18,000 to $360,000. The Awards fall into three categories: Incubate, which is open to applicants have a great idea or a specific project that needs funding and assistance; Launch, which is open to applicants with a product that need help expanding to the market; and Scale, which is targeted to already-successful applicants with a proven track record. Applications are due May 12. Read More.

How do investors evaluate founding teams?

April 26, 2017

Village Capital  partnered with the psychometrics consultancy Waypoint People Solutions to survey 500 of their alumni companies–both founders and their teams–around eight personality traits that commonly correlate with company performance. In general, investors rely on past experience and intuition. The survey’s findings provide a rich point for evaluating generally accepted wisdom. Read More.

Zymeworks targets $110 mln in Canada’s first VC-backed IPO in two years

April 26, 2017

Zymeworks, a Vancouver biotherapeutics provider, has set the terms of its recently filed initial public offering in Canada and the United States. The event marks Canada’s first venture-backed IPO in two years. Zymeworks, backed by multiple VC and strategic investors, plans to raise as much as $110 million (US$82.8 million) from a sale of as many as 5.2 million common shares at US$13 to US$16 per unit, according to the updated prospectus. Read More.

NACO and Partners Launch Resources for NACO Common Docs

April 26, 2017

Freely generate firs-draft financing sheets with the Compass platform, and take advantage of free scenario-building software to study the outcome of different sets of terms. Take advantage of these resources and standardize your funding process with the rest of the Canadian early-stage ecosystem today.

 

The INFINITI-Lab Accelerator is Now Accepting Applications

April 18, 2017

INFINITI and Multiplicity have teamed up to support Toronto’s incredible entrepreneurial community to grow and share new ideas with the world. The INFINITI-Lab is now accepting applications from pre-seed startups with a focusing on the Internet of Things and “Smart Cities”. The program will give entrepreneurs the chance to qualify and participate in INFINITI’s flagship Accelerator program at the global headquarters in Hong Kong. Read More. 

New funding announced for Calgary startups

April 13, 2017

GE Canada, BDC Capital and Ryerson Futures launch fund for Zone Startups Calgary. The fund will help companies in Zone Startups Calgary (ZSC), an accelerator that drives growth of startups in the industrial internet of things, cybersecurity and energy sectors, on their paths to commercialization.”We are excited to join GE and Ryerson Futures to catalyze the ZSC Accelerator Fund and we invite others to join us in funding the active innovation ecosystem in Calgary,” said Michael Denham, President and CEO at BDC. Read More.

 

 

Startups, VCs among investors of $80 mln in AI institute Vector

April 5, 2017

Vector Institute, a new artificial intelligence facility, has been launched at Toronto’s MaRS Discovery District. Chaired by former TD Bank Group CEO Ed Clark, Vector will develop a Canadian economic cluster through partnerships that advance AI research and drive the adoption and commercialization of AI technologies. The Canadian and Ontario governments have committed funding to Vector. Additionally, more than 30 companies agreed to commit $80 million over 10 years. They included venture-backed startups, such as Clearpath, FreshBooksIntegrate.AI and Thalmic Labs, as well as investors, such as Georgian Partners. Read More.

Robotics startup Novarc seeded with $1 mln by Seaspan, BDC

April 5, 2017

Novarc Technologies Inc, a Vancouver robotics systems platform, has raised $1 million in a seed-stage financing. The round was led by Canadian marine transportation business Seaspan ULC with participation from Canadian venture capital firm BDC Capital. Founded in 2013, Novarc builds advanced custom robots for pipe welding and materials handling, a solution used in the shipbuilding industry. It will use the funds raised to scale commercialization of its Spool Welding Robot technology, expand sales and marketing activity in North America, and continue investing in R&D. Read More.

Nissan teams up with Multiplicity for new IoT focused accelerator

April 4, 2017

Nissan’s upscale auto brand Infiniti is teaming up with Multiplicity to get the namesake Toronto Lab up and running, and selected Toronto because of its strong startup culture, according to the company. Multiplicity is a non-profit based in the city that offers education and mentorship services to startups and entrepreneurs. It’s a good way to get boots on the ground in a new market, tapping into someone already plugged into the local scene that can help direct Infiniti’s resources to help the automaker best achieve its goal of spotting and fostering talent. Read More.

 

March 2017

The Fruits of the Venture Capital Action Plan

March 28, 2017

The Venture Capital Action Plan (VCAP) was created in 2013 by the Government of Canada to encourage investment by private companies in early-stage companies. Its goal is to help small and medium-sized Canadian businesses grow and prosper. You can find a detailed graphic which points to the structure and distribution of government funds down to specific VC funds by clicking here.

What began as $500 million in commitments from the federal and provincial governments resulted in an additional $3.88 billion of private capital being attracted to the VC ecosystem, or $7.75 of private capital for every $1 of government funding. Read More. 

The top 9 VC investors in bitcoin & blockchain

March 28, 2017

While the recent political environment has injected a degree of uncertainty into the markets, one asset doing particularly well is bitcoin. The digital currency’s exchange rate (the price to buy one bitcoin) has been on a steady upward trajectory since the end of October, breaking the $1,000 mark on New Year’s Day. Read More.

Canadian Marijuana Stocks Soar After Reports That Justin Trudeau Plans to Legalize Weed

March 28, 2017

Shares of Canopy Growth Corp. were up 11% in trading, Aurora Cannabis rose 10%, Aphria rose 7.9%, SupremePharma jumped 6%, OrganiGram holdings also rose 10%, while Emblem Corp rose 6%. According to the CBC, Prime Minister Justin Trudeau’s government is expected to announce the legislation in the week of April 10. Read More.

Uber rival Grab to raise massive round

March 27, 2017

Grab, the Singapore-based ride-hailing company that’s a main competitor to Uber in Southeast Asia, is in the process of raising more than $1.5 billion in a round led by Japanese tech conglomerate SoftBank (TKO: 9984), according to a Bloomberg report. The company previously secured a $750 million investment in September, valuing it at about $3 billion and bringing Grab’s total raised to more than $1.4 billion.

News of the funding comes about a month after Ola, a ride-hailing startup based in India, raised $330 million in another round that included funding from SoftBank. With that financing, Ola’s valuation dropped to an estimated $3.5 billion from a peak of about $5 billion, a dip likely fueled in part by Uber stepping up investment in its own Indian business.

 

Bloated insurance industry disrupted by nimble tech startups

March 14, 2017

Given a terrible customer service track record and bloated infrastructure, the global insurance industry stands poised to be disrupted. Nimble, tech-driven firms are challenging the status quo, using behavioral economics and technologies like IoT and cloud to target inefficiencies in the insurance value chain ranging from customer acquisition to back-office processing.

Read the Pitchbook Fintech Analyst report, and see the profiles of promising companies in each nascent insurance sector studied, as well as an outline of the burgeoning variety of niche products available. You can get the report directly from Pitchbook’s website.

Brightspark Invites You to Co-Invest

March 10, 2017

The Brightspark team is thrilled to share their newest investment opportunity.  Brightspark is investing in AdHawk, and you are invited to review the company’s information and co-invest with them. AdHawk, a Waterloo-based company, has created an eye tracking technology that is 10x faster, smaller, more power efficient, and less expensive than camera-based instruments. The company has produced the first microsystem that tracks movement of the eye based on an infrared scan of the cornea’s position. Read more. 

Get Your Startups to Be Profiled As Breakthrough Brands

March 10, 2017

Do you know a growing brand making a big impact on the world?

The second annual Interbrand Breakthrough Brands report is being launched in May 2017.The Interbrand Breakthrough Brands report highlights emerging brands that are still growing their influence and impact, but define significant shifts in the marketplace. The report isn’t a ranking or a list; it’s a platform to spotlight brands around the globe that are showing us where we’re headed. Think you know a brand that makes the cut? Apply or share this application. Deadline is March 17th. Read more. 

February 2017

Two Angel investors in Uber Try To Change Company Culture

February 24, 2017

Two early investors in Uber said their efforts to change the company’s “aggressive” culture from within haven’t worked, and thus are going public in the the hope that others can exert additional pressure on the company.The two investors, Mitch and Freda Kapor of Kapor Capital, wrote an open letter to the Uber board and investors published on Medium Thursday.

“We feel we have hit a dead end in trying to influence the company quietly from the inside,” the two said in the letter. The Kapors decried “toxic patterns” they have observed at Uber, and noted that past promises to improve behavior ultimately returned to “aggressive business as usual.”Read More.

 

Toronto tech entrepreneurs sell BlueCat Networks for $400-million

February 24, 2017

Brothers Richard and Michael Hyatt have been business partners for more than 30 years. At grade school in Richmond Hill, Ont, Richard, a self-taught programmer, created video games on his Commodore 64, and Michael sold copies in the schoolyard. In his early 20s, Richard wrote a program to help their father, an engineer, manage risk assessment on complex projects. The software was so good they built a firm, Dyadem International, Ltd., to sell it. IHS Inc. bought the Hyatts out in 2011 for almost $100-million.Now, the Hyatts have struck their biggest deal yet. Read More.

Bridgit’s Co-Founder On Mentorship & Getting Comfortable With “Trying And Failing”

February 24, 2017

Today, we look at two co-founders from the Waterloo Region building their first company, the construction-focused startup Bridgit.  Mallorie Brodie and Lauren Lake speak honestly about the trial by fire building your first business can be.“You absolutely have to be resilient if you’re a young founder that’s starting a company today,” Brodie says. “You don’t get everything right the first time.”“You have to get very comfortable with trying and failing,” she continues. “It’s just part of the game, so make sure that if you feel like you’re having one of those tough days where things aren’t going well, just keep going.” Read More

Ask An Investor: How Do I Prepare For Due Diligence On My Startup

February 24, 2017

“Due diligence” is a term given to the investigation or audit of a potential investment. Throughout the due diligence process, investors look to confirm all material facts in regards to a sale. Investing in early-stage companies is risky, and conducting due diligence can reveal problems with a company’s business early on, allowing investors to identify the key risks. This will allow them to either develop a risk mitigation plan with the company or to back out of the investment. The following article prepares you to ace the due diligence process. Read More.

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.

December 2016

GreenSky Capital Launching New Fund

December 22, 2016

NOT FOR DISTRIBUTION IN THE UNITED STATES

GreenSky Capital Inc. (“GreenSky”), which is affiliated with the GreenSky President’s Club, a NACO-registered Angel Group, announced that it has begun raising capital for GreenSky Accelerator Fund II (the “Fund”). Read More

October 2016

Research Reveals Major Impacts Of Angels — And Some Angel Groups Outperform VCs

October 4, 2016

Angel investing is not just about funding startups. It’s about experienced entrepreneurs providing hands-on assistance and expert advice to help new companies grow. This combination can lead to financial and other personal rewards.  Readers have seen me repeat this, but now there’s academic data to prove just how much value angels can add. Read More.

June 2016

Vemba raises $5M Series A from Upfront and BDMI

June 29, 2016

Toronto-based Vemba announced today $5 million in Series A funding from Upfront Ventures and Bertelsmann Digital Media Investments (BDMI), with participation from John S. and James L. Knight Foundation Enterprise Fund. Read more

Celebrating Victoria’s transformation to Tectoria

June 29, 2016

I’ve watched the transformation of Victoria over the past 25 years. Back in the 1980s, Victoria was a small regional city best known for tourism, a mild climate and being the seat of the provincial government. Now the city has become one of British Columbia’s most vibrant tech hubs – often being called “Tectoria.” This transformation was celebrated last week at the annual VIATEC Technology Awards. Read more

Advice from the Experts on How to Pitch Your Startup to Investors

June 29, 2016

Startups got the opportunity to pitch their companies in front of esteemed investors and influencers from all over the world at Metabridge, a tech conference held in BC June 9 and 10.

The annual conference for Canadian startups is hosted by Accelerate Okanagan, an accelerator and resource hub for the tech industry. Several hundred people attended Metabridge 2016, which featured the Top 15 startup pitches, panels from venture capitalists, and informative keynotes. By the end of the first day, anyone who has launched, or is in the process of launching, a tech company came away with some amazing insight about growing his or her business. Read more

The Ups and Downs of Investing in Today’s Energy Tech Startups

June 21, 2016

At the risk of stating the obvious, the effects of the commodity price crash are severe.

Within Alberta, the epicentre of the nation’s faltering oil economy, jobs continue to be shed at alarming rates and the pain is no longer localized. The effects of overstocked, undervalued oil reserves are increasingly being felt across numerous regions and sectors. Read more

Justin Trudeau touts Canadian tech industry at new Microsoft centre in Vancouver

June 21, 2016

Vancouver’s new Microsoft Canada office launched Friday in a ceremony attended by the prime minister, premier and mayor, all of whom welcomed the U.S. multinational that will provide work for 750 employees when the office is fully staffed. Read more

Canadian government will invite public feedback as it builds innovation strategy

June 17, 2016

Canadians have begun to fancy themselves as being among the world’s most innovative and outside-the-box thinkers. This progress can’t continue however without a consistent stream of support from all levels of government. Read more

FedDev Ontario Supports Innovative Clean Technologies in Brantford

June 17, 2016

Today, Bryan May, Member of Parliament for Cambridge, visited GreenMantra Recycling Technologies Ltd.’s new plant expansion, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario. While touring the facility, MP May announced FedDev Ontario funding of up to $600,000 in GreenMantra Recycling Technologies Ltd. Read more

Toronto-based Overbond raises $7.5 million seed round

June 16, 2016

Toronto-based Overbond, a platform for digital bond issuance, has raised a $7.5 million seed round from Morrison Financial Services Ltd. Read more

Health platform League lands $33-million in VC funding

June 16, 2016

Toronto’s League Inc. has announced one of the largest Series A venture capital funding rounds in Canadian tech history with a $33-million investment lead by OMERS Ventures. Read more

Ask @StartupCFO: how do I make my pitch stand out to investors?

June 14, 2016

The blogosphere is littered with posts on how to prepare an investor pitch. Many VC firms have even posted their preferred format. Imagine if you’re a VC hearing three pitches a day, five days per week. That’s over 700 pitches per year! If every one followed the same format, you’d tune out. Read more

50 Questions Angel Investors Will Ask Entrepreneurs

June 14, 2016

Entrepreneurs need to be prepared when pitching their startup companies to angel investors by anticipating the questions they will receive. The failure to have thoughtful and reasonable answers to these questions will decrease the likelihood of the entrepreneur’s company getting funded. Read more

Montreal-based Inocucor raises $6 million in extended Series A

June 13, 2016

Montreal-based Inocucor, which develops sustainable microbial crop accelerators, announced the closing of its Series A round with at $6 million. Read more

Knowledgehook named Business News Network’s Top Disruptor of the season

June 13, 2016

Throughout the entire season of The Disruptors, there have been 38 startups pitching on the show — from FinTech to wearables to VR, startups from diverse industries had a chance to show how they were forcing traditional industries to rethink the status quo. Read more

May 2016

Vancouver tech startup attracts U.S. investors despite vow to stay in Canada

May 26, 2016

A Vancouver startup that hopes to improve the process of building mobile software apps has attracted one of Silicon Valley’s top venture capital firms to lead its Series A funding round – on condition that it can stay put in Canada. Read more

ProSeeder Technologies and eShares Announce Strategic Partnership

May 25, 2016

ProSeeder Technologies announced today a strategic partnership with eShares, Inc. The partnership provides companies and their shareholders an integrated solution for managing private equity ownership. Read more

 

New platforms make it easier for investors to get data on private companies

May 25, 2016

When worried investors ask the management of a privately held company how it’s doing financially, there’s often a scramble to provide them even the most rudimentary information.

“We call it ‘interns and Excel’ – people will get on the phone and say, ‘I haven’t heard from you in three quarters,’ and they’ll send them a PDF or a Google spreadsheet,” said Raymond Luk, founder and chief executive officer of Hockeystick.co, a financial-technology startup that helps companies share financial and other relevant data with investors. Read more

Techvibes: Wealthsimple Launches Portfolio Review to Give Investors a Second Opinion

May 19, 2016

Online investment manager Wealthsimple has launched a free second opinion product for investors. Read more

BetaKit: Novacap closes its Industries IV Fund at $470 million

May 18, 2016

Longueuil-based Novacap, Quebec’s largest private equity fund manager with $1.5 billion in assets, closed its Novacap Industries IV Fund at $470 million. Read more

Techvibes: FreshGrade Raise $11.6 Million to Connect Teachers, Parents, and Students

May 10, 2016

FreshGrade, an education platforms for teachers, parents and students, has finalized an $11.6 million Series A round. The round was led by Relay Ventures. Read More

BetaKit: #StartupDay Brings Startups and Gov’t Together to Shape Canada’s Innovation Strategy

May 9, 2016

Last week, 1,500 startup founders, policy makers, and industry leaders touched down in Ottawa for Startup Canada’s Day on the Hill, which brought all stakeholders together to shape Canada’s innovation agenda. Read More

Anges Québec: Soundbite Medical Solutions Launches R&D Activities in Sherbrooke

May 5, 2016

Soundbite Medical Solutions has chosen Sherbrooke to officially launch its operations and start an important phase in the development of a cutting-edge medical device that will replace bypass surgery and amputations for treating blocked arteries. Read More

BetaKit: With New Seed Funding, Hockeystick Looks to Compete with CB Insights for Startup Data

May 4, 2016

Raymond Luk agrees with my conceit that Canadian entrepreneurs have a natural predisposition towards building B2B companies. “For Canada, and first-time entrepreneurs, and the state of our ecosystem, B2B is a real natural fit,” he says, adding that startups looking to solve real problems for other businesses often have a quicker path to revenue. Read More

Fortune: What the Most Successful Entrepreneurs Get Right About Angel Investors

May 3, 2016

The ever-growing number of AngelList done deals can make it look like getting funded is about as easy as applying for a job on LinkedIn: Post your startup’s profile, do some research on the best Angel investors for a particular industry, send a few personalized notes to the right investors, and let the money come pouring in. Read More

Marketwired: FedDev Ontario Supports Angel Investor Network in Downtown Toronto and Southern Ontario

May 3, 2016

Today, Adam Vaughan, Member of Parliament for Spadina−Fort York, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario, announced funding of up to $300,000 in Brightspark Investors Club Ontario to expand its Angel investor membership. Read More

April 2016

The Globe and Mail: In a Tough Funding Climate, Filmmakers Find Creative Ways to Raise Money

April 26, 2016

For horror-film director and producer Tricia Lee, the scariest part of her third feature, One Drop, was finding the cash to make it. Feature filmmakers in Canada have traditionally relied on grants. But they’re tough to get for newer filmmakers because “everybody applies to them,” Ms. Lee said. Read More

TechCrunch: Wattpad Sets its Sights on Brands, Publishers and Hollywood with Wattpad Studios

April 26, 2016

Wattpad, a popular site where authors can share stories with readers, is announcing its broader ambitions with the launch of a new division called Wattpad Studios. The company describes Studios as a way for Wattpad to partner with the entertainment industry. Read More

Vancouver Sun: Financing Evolves to Let Companies Capitalize on the Crowd

April 22, 2016

Before Guusto co-founders Skai Dalziel and Joe Facciolo tried crowdfunding to raise money for the online gift-giving startup they’d spend two years building, they tried the usual venture-capital routes. They had put their own money in, recruited some friends and family and were making the rounds of startup pitch sessions to woo potential Angel investors. Read More

BetaKit: BMO and DMZ Partner to Launch Four Month Next Big Idea in Fintech Program

April 20, 2016

BMO and the DMZ have announced a partnership to identify — and support — the next big Canadian FinTech startup. The program, called The Next Big Idea in FinTech, will provide six startups with a four-month placement at the DMZ, an opportunity to pilot their technology with BMO, as well as connections with venture capital firms. Read More

Techvibes: Why Canadian Fintech Startups Can’t Live Without Incumbent Financial Institutions

April 19, 2016

Canada is abuzz with fintech startups who offer highly attractive alternative financial solutions to consumers across Canada. With more than 80 fintech companies attracting nearly $1 billion in investments since 2010, a growing number of fintech companies are partnering with long-standing financial institutions to successfully launch their programs across Canada. Read More

The London Free Press: Investors Want More Than Returns, Exec Says

April 19, 2016

When small businesses pitch to investors for cash, it’s not all about the money. NACO member and managing director of the Southern Ontario Angel Group, John Pollock, says that investors are looking just as hard at the character of the businessperson, and an ongoing relationship, as they are the bottom line. Read More

Business Vancouver: Vancouver’s Mobify Pursues Machine Learning, Acquires Fellow B.C. Startup Pathful

April 18, 2016

Mobify is keeping its expansion into the realm of artificial intelligence (AI) close to home. The Vancouver-based startup announced Monday (April 19) it has acquired fellow local tech company Pathful in a bid to acquire technology capable of advanced machine learning to study and adapt to users’ behaviour. Read More

BetaKit: Two Day Traction Conference Featuring Speakers From Hootsuite, Y Combinator

April 14, 2016

“Accelerate your business growth and revenue.” This is the succinct slogan of the Traction conference returning June 22 and 23 to Vancouver. Geared for companies of any size (but particularly hitting the streams that startup founders love), the event has grown from one day (last year) to two and the list of premier speakers is growing, including crowd pleasers from Y Combinator, Hotwire, Hootsuite, and more. Read More

Techvibes: Two More Canadian Startups to Pitch Investors at Google’s Annual Demo Day

April 13, 2016

Two Canadian startups are hoping to follow in the footsteps of Waterloo’s Bridgit, who recently took the top prize at Google for Entrepreneur’s Demo Day in Silicon Valley. Founded by Lauren Lake and Mallorie Brodie (pictured), Bridgit won Google for Entrepreneur’s inaugural Demo Day: Women’s Edition in December. Read More

Canada News Wire: Venture Capital Action Plan Secures $1.35 Billion in Capital With Final Closing of HarbourVest Canada Growth Fund

April 5, 2016

The Business Development Bank of Canada (BDC) is pleased to announce that the Venture Capital Action Plan (VCAP) has completed its goal of supporting the close of four private sector-led funds of funds with a total of $1.35 billion under management. Read More

Communitech: Mayors Cite Candian Social Values in Touting Toronto-Waterloo Region Corridor

April 5, 2016

After escaping an Ontario snowstorm and landing in the sun-kissed global mecca of innovation, the mayors of Toronto and Waterloo Region faced their first challenge in building Canada’s answer to Silicon Valley. Read More

 

The Globe and Mail: In a Tough Funding Climate, Filmmakers Find Creative Ways to Make Money

April 1, 2016

For horror-film director and producer Tricia Lee, the scariest part of her third feature, One Drop, was finding the cash to make it. Feature filmmakers in Canada have traditionally relied on grants. But they’re tough to get for newer filmmakers because “everybody applies to them,” Read More

March 2016

BetaKit: Startup Canada Podcast: Ray Walia Talks Vancouver’s Startup Scene

March 29, 2016

“You can have an amazing life and have an amazing career under somebody’s umbrella or you can be the one holding the umbrella and shaping the world for other people.” Ray Walia chose the latter. Read More

Maclean’s: Why ‘Sucking Up’ to Foreign Tech Companies is a Good Idea

March 28, 2016

It’s been gratifying to see so many thoughtful Canadians weighing in on how our country can be more competitive in the global innovation economy. I say “our country” even though I have lived and worked in California for almost 20 years. Read More

JONES DesLauriers Blevins: JONES DesLauriers Blevins Partners with Maple Leaf Angels and MLA48

March 23, 2016

JONES DesLauriers Blevins (JDB) is pleased to announce a new partnership with Maple Leaf Angels Corporation (MLA) and MLA48, MLA’s Angel investment fund. MLA, a network of experienced entrepreneurs and investors, offers coaching, mentorship, networking opportunities and access to capital for seed and early-stage technology companies in the information, communication and entertainment sector. Read More

BusinessWire: Permission Click Secures $1.75M in Seed Funds from Friesens Corp. and Others

March 22, 2016

Permission Click Inc. today announced the closing of a $1.75M seed round from investors, including Friesens Corp. and Real Ventures, among others. The Permission Click digital platform helps schools and parents better coordinate permission slips, forms and payments required for student participation in school activities and events. Read More

Innovation Cluster: Innovation Cluster’s Path to Building a Successful Business – A Smash Hit

March 17, 2016

Our ground-breaking course designed to help Peterborough area entrepreneurs get their businesses up and running is drawing rave reviews from its first cohort of 21 participants. The four week course, The Path to Building a Successful Business, was the brainchild of the our programs officer, Carey McMaster, who sensed a need among the community’s fledgling entrepreneurs, and worked to fill it. Read More

The Toronto Star: Alive and Kik-ing

March 11, 2016

Ted Livingston started the company with a $25,000 inheritance from his grandfather and money he saved from co-op jobs. “There were no salaries,” says Livingston. “Of course we’re not going to pay each other,” he says of his partner, Chris Best. Read More

BetaKit: Canadian Bar Association Partnering with MaRS LegalX Cluster

March 9, 2016

As part of the Canadian Bar Association’s legal conference this summer, MaRS’ LegalX cluster will be launching an event showcasing the future of legal tech. Legal tech startups will attend the conference and showcase their products to groups of investors as well as attending legal professionals. Read More

Maintenance Assistant: Maintenance Assistant Secures $5 Million Series A to Accelerate Record Growth

March 8, 2016

Maintenance Assistant Inc, the industry leading provider of cloud-based maintenance and asset management software, today secured $5 million in a Series A round led by BuildGroup. The funds will be used to fuel the company’s growth in mid-market and enterprise segments where customers have for years been forced to choose from a handful of complex, legacy solutions. Read More

Inc.: What You Need to Know About Moving Your Startup to Canada

March 7, 2016

When Donald Trump and Hillary Clinton emerged as the victors of last week’s Super Tuesday polls, the number of Google searches for “moving to Canada” spiked considerably. Social-media activity—including Twitter users announcing their great migration—was centered on Trump’s political ascendance. Read More

GreenSky Capital Inc.: Pyrowave Inc. Receives $1M+ of Funding from SDTC for Commercial Scale Demonstration

March 7, 2016

On Friday, Sustainable Development Technology Canada (“SDTC”) announced $1.032M of financial support for Pyrowave Inc. In Q4 2015, the GreenSky Accelerator Fund led a $790,000 syndicated financing round. Read More

Medium: The One Question Every Angel Investor Should Be Asking

March 7, 2016

Angel investors fund approximately 70,000 deals a year in the US, deploying north of $24 billion annually. Most of the investors in those deals expect to lose money on their investment. But it doesn’t have to be this way. Read More

First Round: Transform Employee Equity Compensation in Two Steps — Here’s How

March 7, 2016

Once upon a time there was a tech startup in the Valley. Its steady hum of growth turned into a loud buzz in the press. Investors poured in money every six months at a 3X valuation. Its employees were exhilarated and talked of “exercising options,” “going all in,” and “getting a good tax treatment.” Read More

Anges Québec: Members of Anges Québec Provide $200,000 in Funding to Support Startup Operations at ISIOS

March 3, 2016

After two years positioning its services in its target market, ISIOS has obtained an initial $200,000 in funding, which will enable it to continue its startup operations. The new capital will allow the firm to boost the marketing of its ISIOS software and pursue its continuous improvement program for its technology platform. Read More

The Globe and Mail: Canadian Tech Unicorn Hootsuite Gets Written Down by Fidelity

March 2, 2016

Fidelity Investments cut the value of its stake in Hootsuite Media Inc., one of Canada’s most highly valued technology startups, in a sign that lowered U.S. investor expectations are making their way north of the border. The Boston asset manager wrote down its investment in Hootsuite, maker of social media marketing software, by 18 per cent. Read More

Ready to Rocket: 2016 ICT Emerging Rockets

March 1, 2016

Ready to Rocket is a unique business recognition list that profiles British Columbia technology companies with the greatest potential for revenue growth. Each year, based on analysis of trends that will drive growth in the information technology sector, Rocket Builders identifies the top private companies that are best positioned to capitalize on the trends for growth. Meet the 2016 ICT Emerging Rockets. Read More

February 2016

The Globe and Mail: To Revive Canada’s Economy, Reward Those Who Pitch In

February 26, 2016

Vaudeville ain’t what it used to be, nor is the Canadian economy. But the economy can bounce back, and this week Finance Minister Bill Morneau announced something to help it do just that. Largely lost in the fallout when Mr. Morneau revealed that this year’s fiscal deficit will be much larger than expected was the creation of a special agency – the Advisory Council on Economic Growth. Read More

Techvibes: 2016 Fundica Roadshow Arrives in Toronto on March 4 at Telus House

February 26, 2016

The 2016 Fundica Roadshow, a national initiative with 10 city stops across Canada, today announced the details of its first Toronto stop at the Telus House on March 4th. The Fundica Roadshow gives startups and SMEs the opportunity to pitch their businesses – and potentially secure financing – to a panel of financial institutions, venture capitalists, Angel investors, government organizations and private lenders. Read More

Communitech: Communitech NYC Key to Helping Startups Go Global Faster

February 25, 2016

Fish where the fish are. It’s a dusty old saying with an obvious message – if you want to land the big one, you need to go to where the big one is most likely to be. Among the many big things Canada is known for (including actual fish, if that’s your thing), customers and markets don’t rank highly. It’s why one of the first things any Canadian entrepreneur serious about building a scalable business does is get on a plane and fly south. Read More

BetaKit: Why Investors Need to Pay More Attention to the Water Tech Industry

February 25, 2016

A month ago, prime minister Justin Trudeau announced that the Canadian government was dedicating $12 million to water tech projects that bring both industry enterprises and academic researchers together. As the United Nations warns of serious water scarcity within the next fifteen years, innovative cleantech startups have the potential to be a major part of alleviating the issue, while governments, inevitably, make policy changes. Read More

Maclean’s: Why Does Trudeau Keep Sucking Up To Foreign Tech Companies?

February 25, 2016

Prime Minister Justin Trudeau touted technological innovation at the recent grand opening of Google’s new Canadian development headquarters, a refurbished rubber factory in Kitchener, Ont. What’s happening here “really matters,” Trudeau opined, and not just for the region, but Canada and the world. At one point, he even gamely peered through a “virtual reality” Cardboard viewfinder, which, once a smartphone was slipped inside, offered a rudimentary glimpse of Google’s vision of the future. Read More

Anges Québec: Chronogolf Raises $1.5 Million

February 24, 2016

Today, we are proud to announce that Chronogolf has raised $1.5 million in its second round of financing. This will help the company further develop its leadership position as an all-in-one golf course management solution and marketplace. The golf industry is changing! Modern golfers are evolving and the role of golf managers has become increasingly complex and stressful. Read More

The Huffington Post: Trailblazing Women: Jenny Tooth OBE, CEO, UK British Angels Association

February 20, 2016

Jenny Tooth OBE is CEO of the UK Business Angels Association, the trade body for Angel and early stage investing, representing over 15,000 investors around the UK. Jenny has over 20 years’ experience of facilitating SMEs access to investment, both in the UK and internationally. She ran her own consultancy on Access to finance for SMEs, including spending nine years based in Brussels, working closely with the EC. Read More

Winnipeg Free Press: More Funds Flowing From Angel Investor Funds

February 12, 2016

No one will ever say Winnipeg is a hotbed of Angel investing activity but there’s no denying there’s more money and more deals getting done these days. Late last year, the early stage medical device company, Cubresa Inc., closed a $3.5-million round of financing with most of the funds coming from a Winnipeg Angel group called Manitoba Knights. Read More

The Chronicle Herald: THE HIDDEN TRUTH: At the Heart of Business

February 8, 2016

We have it wrong. How we work isn’t working, but we keep on doing it. I am a firm believer that entrepreneurs are the backbone of our province’s road to prosperity. But three things are working against us: First, entrepreneurship is an anxiety-ridden endeavor that creates enormous levels of stress and poor judgment. Read More

The Globe and Mail: New Crowdfunding Rules Widen Pool For Canada’s Private Capital Markets

February 8, 2016

Several new crowdfunding rules across Canada are opening the door to retail investors looking to put dollars directly into companies that want to raise funds in the private capital market. Until recently, the majority of retail investors were locked out of Canada’s private capital markets – mainly for their own protection. Read More

GeekWire: 5 Tips For First-Time Female Angel Investors Looking to Support Entrepreneurs

February 4, 2016

Katherine Hague wants more women investing in startups. The Female Funders founder stopped by Seattle’s Columbia City Club on Thursday morning for the final stop of her eight-city Female Funders breakfast series. Read More

Financial Post: Move Over Kickstarter, Equity Crowdfunding Lets You Get a Piece of The Action, Not Just a Lousy T-Shirt

February 4, 2016

Judeh Siwady had Spacefy ready for market in February 2015, but he was looking for a non-traditional means of financing the Toronto-based company he founded in 2014, something that would connect with the current Internet zeitgeist. Read More

BetaKit: Canadian VC Investments Hit $2.6 Billion in 2015 Up 11% YOY

February 1, 2016

Thomson Reuters has so far reported good news for Canadian VC investment in 2015; the organization first reported that Q1 2015 was the best year for Canadian startup investment since 2007, while the first three quarters of VC investment in 2015 was at a a 14-year high. Read More

January 2016

Canadian Securities Law: The TSXV Plans to Revitalize Canada’s Public Venture Market

January 28, 2016

Canada’s public venture market has traditionally served as a catalyst of growth for many small-cap and early-stage companies. However, it has experienced a recent decline due to various factors, including a sustained collapse in commodity prices. Read More

Canadian Business: Why the Low Loonie Could be Great News for Canada’s Tech Scene

January 26, 2016

Canada’s tech sector will likely see a flurry of foreign investment in 2016, as the tumbling dollar turns homegrown startups into absolute bargains for American venture capitalists. The loonie’s plunge below 70¢ against the U.S. dollar in mid-January was bad news for energy companies but will boost the competitiveness of our high-tech firms. Read More

The Globe and Mail: Scared Canadian Investors Sitting on Estimated $75-Billion in Extra Cash

January 26, 2016

Canadians are holding a record $75-billion in cash amid an “ocean of fear” about investing in the markets, a new study finds. That means they could miss out on billions in payback, warns the study released today by Canadian Imperial Bank of Commerce economists Benjamin Tal and Royce Mendes. Read More

Bloomberg: Shoes.com Looks to Raise at Least $25 Million for Acquisitions

January 25, 2016

Shoes.com, the Canadian Web retailer that almost tripled its revenue to C$235 million ($165 million) last year, has plans to raise from $25 million to $50 million in private funding to help pay for acquisitions. The company, which competes with Zappos.com and Shoebuy.com as well as online retailers such as Amazon.com Inc., is looking to raise the money by the end of March from existing investors and a strategic partner, said Chief Executive Officer Roger Hardy. Read More

BetaKit: Female Funders Kicks Off Breakfast Series to Inspire 1000 New Angel Investors

January 20, 2016

Kicking off an eight-city event in Toronto, Katherine Hague stood before a full room of female investors — both active and aspiring — to present what she calls her “passion project that spiraled out of control.” For the next few weeks, Hague is making stops in cities across North America to host the Female Funders Breakfast Series as part of her mission to help 1,000 women pursue Angel investing. Read More

The Wall Street Journal: As Angel Investors Pull Back, Valuations Take a Hit

January 20, 2016

Startup valuations drop to lowest level since 2012 as investors grow more cautious. A dose of reality may be hitting Angel investing. After valuations for young companies seeking funding soared to five-year highs last year, some Angel investors—or wealthy individuals who buy stakes in startups—are starting to pull back. Read more

CBC: BC Tech Summit Hopes to Push Province into the Future

January 17, 2016

Greg Caws calls home a cattle ranch in the East Kootenay community of Wardner and says he appreciates the perspective of rural British Columbia, where relatives have worked as miners and loggers. He’s also an entrepreneur who champions the technology sector with unsung stories of companies marrying those traditional industries with cutting-edge innovations. Read More

Linkedin: The Metric That Matters For Startups in 2016

January 15, 2016

2015 is the end of an era, the era of startup growth at any cost. In 2016, the question that will immediately follow, “What is your annual growth rate?” will be “What are your unit economics?” This change in investor mentality is catalyzed by the increasing cost of startup capital. Read more

CBC: Trudeau Announces Funding For Water Research in Ontario

January 14, 2016

The federal government is investing up to $12 million in the Southern Ontario Water Consortium, Prime Minister Justin Trudeau announced Thursday morning at the University of Waterloo. The SOWC is a group of post-secondary institutions in the province that are working on new clean-water technologies. Read More

Communitech: Trudeau at Google: “What’s happening here really, really matters”

January 14, 2016

Prime Minister Justin Trudeau took the stage at the grand opening of Google’s Canadian engineering headquarters in Waterloo Region this morning with a clear message: The best path out of economic hardship is to cultivate innovation. Read more

Business Standard: 4 Mistakes First-Time Angel Investors Make

January 13, 2016

A lot can go wrong if you’re not careful about where you make your Angel investments. Making these mistakes is certainly going to force you to learn real-world economics the hard way, which makes it smart to avoid making these mistakes in the first place. Read more

Maple Leaf Angels: MLA48 Angel Investment Fund Completes Third Investment

January 11, 2016

MLA48, Canada’s first Angel investment fund committed to providing a 48-hour turnaround on investment decisions, has announced its third investment in ConferenceCloud, an innovative digital platform that provides a virtual solution for the next generation of hybrid conference events. Read More

The Chronicle Herald: NowNS: More Cash Needed for Nova Scotia Startups

January 11, 2016

Ross Finlay took some management accounting courses at university, but you really don’t need an MBA to understand when he explains the numbers. In its Now or Never report, Ray Ivany’s commission on the future of Nova Scotia called for 4,200 startups in the near future, a 50 per cent increase over the current 10-year average. Read More

TechCrunch: What to Know Before You Co-Invest

January 9, 2016

One of my investors candidly asked me recently, “Shelly, if I have an opportunity to invest with people I’ve just met, how do I avoid getting screwed over?” This is a good question; for most investors interested in startups, co-investing is the de facto way to invest. Read more

BetaKit: Reuters: Canadian Deal Activity at Second-Highest Level in 2015

January 8, 2016

According to new data from Thomson Reuters, deal activity outside of Canada from the country’s top pension funds, banks, investment management firms, and insurers, made Canadian deal activity the second-highest ever in 2015. The report showed $278.69 billion USD worth of deal activity involving Canadian entities in 2015, noting that this activity was up 37 percent from last year. Read More

The Huffington Post: A National Angel Investor Tax Credit Program Will Spur Innovation

January 7, 2016

This week the Honourable Chrystia Freeland announced a $50-million handout calledCanExport. In his coverage, Terry Dawes mischaracterized my positions that we need to stop subsidizing private sector risk and make investments in 21st Century infrastructure if we want to spur innovation and improve productivity in Canada. Read More

The Globe and Mail: Too Many Canadian Startups are Bought Out. Here’s How to Change That

January 6, 2016

Last year’s $131-million Shopify IPO signalled a lot more than just a big payday for the Ottawa-based e-commerce software company. It was proof that Canadian-born businesses can launch and mature in this country – something many young companies with roots here never imagined. Read More

Techvibes: Female Funders Touring North America to Inspire Next Generation of Women Investors

January 4, 2016

Female Funders will be hosting an eight-city breakfast series across North America from January 19 to February 4. Female Funders is an organization dedicated to inspiring and educating the next generation of female Angel investors. Read More

December 2015

The Globe and Mail: Rookie MP Bardish Chagger Faces Innovation and Taxation Challenges in Small-Business Portfolio

December 18, 2015

In her role as Canada’s new Minister of Small Business and Tourism, Bardish Chagger, a 35-year-old first-time MP from Waterloo, Ont., is tasked with helping small companies thrive. After just six weeks on the job, Chagger is getting up to speed on the issues in this wide ranging portfolio. Read More

Techvibes: #TechIsBack‎: Reflecting on Three Words that Defined Canadian Tech in 2015‎

December 15, 2015

Was 2015 the year that tech officially made its comeback in Canada?‎ It depends on who you speak to, but for many people the last twelve months have, indeed, stood out as a remarkable time of resurgence for the sector. One four-week period, in particular, set the tone for much of the year. Read More

Anges Québec: Smart Clothing Leader Hexoskin Closes over $1.3M, Accelerates Commercialization of Sports and Medical Research Health Monitoring Platform

December 15, 2015

In a second round of financing, Angel investors from Anges Québec and the Anges Québec Capital fund have invested $1,320,000 in Hexoskin, a world leader in digital health technology. This investment will allow the Québec startup, which designs and manufactures smart shirts for health tracking distributed on five continents, to pursue its exponential growth overseas. Read More

Vancouver Sun: Vancouver Firm Trulioo Gets $15 Million in Funding

December 14, 2015

Vancouver’s financial technology sector just got a boost today with the announcement of a $15-million funding round for Trulioo, a company that offers identity verification services for businesses and organizations around the globe. The investment, in which American Express Ventures joined existing funders BDC Capital, Blumberg Capital and Tenfore Holdings, will fuel growth at the company. Read More

 

Montreal in Technology: What Montreal must take from the Valley

December 11, 2015

Growing up I was very, very, very competitive. I was raised in the era of the “I will eat your lunch” school of thought and winning to me meant “you lose.” Thankfully I was never one to cheat, but I really hated losing. This competitiveness is something that I kept with me in my career too, that is until I moved to the Valley in 2006. Read More

 

KPMG: Defending Against Unwanted Surprises: Bribery and Corruption Due Diligence

December 10, 2015

Purchasers investing around the globe are faced with the increasing challenge of responding to a changing legislative and business environment connected with the fight again bribery and corruption. For example, in recent years there have been changes to the Canadian Corruption of Foreign Public Officials Act (“CFPOA”), increased attention on the UK Bribery Act and new anti-bribery laws introduced in Russia and China. Read More

BetaKit: Bridgit Wins Google Demo Day Women’s Edition

December 10, 2015

It’s been an exciting year for Bridgit. The Kitchener-based startup has so far taken the top prize at September’s C100 startup competition, snagged $25,000 from the Communitech Rev demo day, and earned its place at Google Demo Day Women’s Edition, where the company was selected out of 450 applicants from around the world. Read More

 

CB Insights: The Venture Capital Funnel: Your Chances of Raising Follow-Ons, Exiting, and Becoming a Unicorn

December 9, 2015

The venture capital funnel highlights the natural selection process of the venture capital process. Three-fourths of companies are orphaned or die along the way. Once you take venture capital, what can you expect? Below is what the data says life will look like. Read More

BetaKit: Former Prime Minister Paul Martin Speaks out on Investing in Indigenous Innovation

December 7, 2015

Before he was prime minister of Canada, Paul Martin spent his teen years working in northern Canada alongside indigenous people—a group he’d never been exposed to back in his hometown of Windsor, Ontario. “These were bright, tremendous people. And life just didn’t deal them a happy hand,” Martin said. Read More

The Globe and Mail: Robo-Adviser Wealthsimple to Acquire ShareOwner Investments

December 2, 2015

Online portfolio manager Wealthsimple is gaining ground among competitors as it acquires online brokerage Canadian ShareOwner Investments Inc. It is the first acquisition in Canada between two online advice platforms, also known as robo-advisers. Read More

First Angel Network: Looking Back on a Decade of Angel Investing

December 1, 2015

Time DOES fly when you’re having fun! When Brian and I started First Angel Network (FAN) in 2005, it was meant to be a small venture to find great startups for Angel investors in Atlantic Canada. We thought a few days a month is all it would require. Read More

BetaKit: EY Report Says Canadian Executives Looking Towards M&A for Growth

December 1, 2015

In a statistic trailing only the US, nearly 73 percent of Canadian executives have M&A plans for the next year, compared to only 24 percent in October 2014, according to Ernst & Young’s Canada Capital Confidence Barometer. This is Canada’s highest rate in the survey’s history, which started in 2009. Read More

 

November 2015

The Economist: The Rise and Fall of the Unicorns

November 26, 2015

WORKERS from technology firms recently gathered at a cinema in downtown San Francisco to watch a preview of “The Big Short”, based on the bestselling book by Michael Lewis. The film, which will be released in December, profiles several outsiders who successfully bet against the housing market when everyone else believed it would continue to rise, as it always had. You already know the ending. Read More

Maple Leaf Angels: Home Care Software Startup Raises an Additional $3.6 Million to Accelerate Growth

November 26, 2015

AlayaCare, a home healthcare software startup, today announced that it has raised $3.6 million in its latest round of funding as it accelerates client management, research and product development, and its expansion in the US market. AlayaCare’s proprietary platform provides its clients with an integrated solution that combines back office functions such as scheduling, invoicing, and time and attendance, with clinical documentation and a suite of mobile solutions for care workers and family members. Read More

Anges Québec: SmartReno Receives $1.6 Million from Anges Québec Members and Anges Québec Capital for Expansion

November 24, 2015

Members of Anges Québec and the Anges Québec Capital fund wrapped up a third round of company financing for a total of $1.6 million, helping SmartReno to secure its position as leader of the Canadian renovation referral sector after only three years of operation. This new round of financing allowed SmartReno to acquire its biggest competitor and launch a new financing product for its clients. Read More

BetaKit: OMERS’ John Ruffolo Talks Canada’s New Startup Lobby Group and Using the Government for Leverage

November 19, 2015

Earlier this week, it was revealed that some of Canada’s tech elite have come together to help shape the future of our nation’s innovation economy. The Canadian Council of Innovators is a coalition of 20 Canadian tech companies, with a mandate to lobby the federal government in the interest of Canadian startups looking to scale globally. Read More

Marketwired: Meta, an Artificial Intelligence Platform for Science, Receives $6M in Funding

November 18, 2015

Meta, a machine intelligence and big-data-as-a-service company for researchers and scientific industries, today announces $6 million in funding led by Rho Canada Ventures (previous investments include: Figure1 & Chango). Additional investors include Western Technology Investment (Palantir, Google, Facebook), iGan Partners (Quandl, eSight), and Angel investors from around the world. Read More

IIX Inc.: IIX Receives $26 Million in Series B Funding to Accelerate Global Growth

November 17, 2015

IIX Inc., the global software-defined interconnection company, today announced it has secured $26 million in Series B funding. Formation 8 led this round with continued participation from New Enterprise Associates (NEA). Also participating are prominent technology investors Drew Perkins, Rajiv Ramaswami, and AME Cloud Ventures (launched by Yahoo! co-founder Jerry Yang). Read More

KPMG: Not-for-Profit Accounting Standards Update – November 2015

November 11, 2015

You are probably wondering what happened to the Statement of Principles that was issued in December 2012. It proposed substantive changes to accounting standards for Not-for-Profit Organizations to harmonize the accounting for Government and Other Not-for–Profit Organizations with their respective conceptual frameworks. Read More

Gowlings: Gowlings Once Again Named One of Canada’s Best Employers

November 5, 2015

For the sixth straight year, Gowlings has been recognized as one of the Best Employers in Canada by Aon Hewitt, a world leader in employee research and human resources consulting. The annual Best Employers list, which is based on the results of a comprehensive survey of employees from companies across Canada, honours organizations with the highest levels of employee engagement and workplace satisfaction. Read More

Keiretsu Forum: Keiretsu Forum Continues to Expand in Canada

November 5, 2015

Keiretsu Forum, the world’s largest Angel investor network will launch its fourth Central Canadian chapter in Vaughan, Ontario on November 19th 2015 in partnership with the City of Vaughan. Keiretsu Forum will now have seven active chapters across Canada and 40 chapters across the globe. Read More

Royal Bank of Canada: RBC Named “Best Private Bank in Canada” by Global Private Banking Awards

November 5, 2015

RBC has been recognized as the “Best Private Bank in Canada” for the fourth consecutive year at the 2015 Global Private Banking Awards, presented by PWM (Professional Wealth Management) and The Banker magazines. RBC Wealth Management also won “Best Initiative of the Year in Relationship Management Technology.” Read More

Techvibes: DMZ at Ryerson Ranked Top University-Based Incubator in North America

November 4, 2015

The DMZ at Ryerson University has been ranked the leading university-based incubator in North America by UBI Global, a Stockholm-based research organization that specializes in benchmarking incubation programs. Up from second place last year, the DMZ was ranked the highest among 60 programs of its kind in North America. Read More

The Huffington Post: Pre-Seed Funding and Canada’s Startup Ecosystem

November 2, 2015

Pre-seed, a relatively new stage in the funding process, is becoming more recognized in the Canadian startup ecosystem and in other startup hubs around the world. The trend is growing for a number of reasons, and Canada would benefit from more capital dedicated to pre-seed from truly value-added investors. Read More

October 2015

Gowlings: New Avenues Open to Raise Capital — Expanded Pool of Canadian Provinces, now Including Ontario, Announce Revised Offering Memorandum Exemption

October 31, 2015

Ontario has introduced an offering memorandum (OM) prospectus exemption and five other provinces are modifying their existing OM exemptions to align with this revised model which incorporates additional investor protections. The new or revised OM exemption will be available in Ontario, Québec, Alberta, Saskatchewan, New Brunswick and Nova Scotia. Read More

Ontario Securities Commission: Regulators Finalize Offering Memorandum Exemption

October 29, 2015

The securities regulatory authorities in Alberta, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan (collectively, the participating jurisdictions) today published Multilateral CSA Notice of Amendments to National Instrument 45-106 Prospectus Exemptions Relating to the Offering Memorandum Exemption. Read More

BetaKit: Onevest Launches 1000 Angels, an Invitation-Only Investor Network

October 26, 2015

Onevest, the New York-based startup investing and equity crowdfunding community, has launched a new initiative in its pledge to democratize early stage investing: 1000 Angels, a digital-first, invitation-only investor network. Onevest says 1000 Angels will provide a constantly updated selection of exclusive investment opportunities for its members. Read More

BetaKit: VC Investment in Canada at a 14-Year High

October 26, 2015

In the Thomson Reuters Canadian Venture Capital Review for the first three quarters of 2015, Canadian companies collectively raised a 14-year high of $1.95 billion in venture capital. According to the Reuters report, this amount already exceeds the full VC total for six of the past seven years, and is on pace to hit $2.4 billion by the end of the year. Read More

The Canadian Trade Commissioner Service: Canadian Technology Accelerators

October 25, 2015

The application process, criteria, and application time-frame is determined per CTA. Generally, CTA applications must demonstrate: clear expression of your company’s value proposition and objective(s), preliminary sense of desired contacts, ability to express why you and these contacts should want to meet each other, and a clear understanding of the various financing mechanisms that can help grow your company. Read More

The Globe and Mail: Canada Drone Maker Aeryon Labs Secures $60-Million Financing

October 23, 2015

Canadian commercial drone maker Aeryon Labs Inc said on Friday it has secured $60-million of financing from a U.S. venture capital firm, putting it on a path to expand and more than double its sales growth over the next two years. Aeryon, which is based in BlackBerry’s hometown of Waterloo, Ontario, is focused on making specialized drones for military reconnaissance and public safety uses. Read More

Montreal Gazette: Hacking Health Drives Healthcare Into 21st Century With New Accelerator

October 22, 2015

Dismal paint jobs, flickering fluorescent lights and chipped melamine everywhere, not to mention the malfunctioning take-a-number dispensers and a two-hour wait to get a blood test from a nurse — hospitals here are often the last place you’d associate the word “innovation” with. Read More

Ottawa Community News: Invest Ottawa Invites Public to Peer Inside Innovation Centre

October 20, 2015

There’s still 12 months to go before it officially opens its doors, but the people behind the future Innovation Centre at Bayview Yards are clearly excited about the future. On Oct. 13, business leaders, residents and entrepreneurs mingled at the Tom Brown Arena while getting a taste of what the two-phase facility will be able to offer the city. Read More

Techvibes: Cymax Raises $30-Million, Looks to Revolutionize Furniture E-Commerce

October 14, 2015

Cymax announced today that it has closed a $30 million Series A funding round. The financing round was led by Frind Holdings, BDC Ventures and Salman Partners. Techvibes reported this summer that the under-the-radar Burnaby, BC-based company was a $100 million tech company that sells furniture. Today’s announcement has the Canadian e-commerce company on track to do $180 million in sales this year with even bigger plans for 2016. Read More

BetaKit: Canadian-Made AppDirect Raises $140 Million Series E

October 8, 2015

TechCrunch is reporting that AppDirect has raised a $140 million Series E funding round, led by J.P. Morgan, with participation from the company’s existing institutional investors: iNovia Capital, Mithril Capital Management, Stingray Digital, and Foundry Group. To date, the company has raised a total of $245 million USD. Read More

Exchange Magazine: How Early-Stage Capital can Turbocharge Canada’s Economy

October 7, 2015

Some say elections are about image, not issues. They’re about hairstyles and sound bites, not intellectual debate. There is some truth to this premise, especially in the United States, with everyone from Donald Trump to Kanye West talking about the presidency. Many Canadians want more from their candidates. Many of us want to talk about tangible, realistic and creative solutions to major issues like the economy. Read More

The Globe and Mail: Balsillie Urges Canadian Tech Firms to Step Up Lobbying Efforts

October 6, 2015

Jim Balsillie, one of the architects of the global smartphone revolution, has issued a blistering call to arms to Canada’s emerging tech companies: If you don’t start working the halls of government to advance your interests, you will be outmanoeuvred by global tech giants and their powerful lobbying machines. And he’s offering to help set up an “innovation lobby” in response. Read More

GreenSky Capital Inc.: GreenSky Accelerator Fund Leads $790,000 Round of Financing for Pyrowave Inc.

October 5, 2015

The GreenSky Accelerator Fund I, LP (“the Fund”) is excited to announce that it has closed an investment with Mississauga, Ontario based Pyrowave Inc. The Fund led a $790,000 round of funding alongside members of the GreenSky President’s Club, an affiliated network of high-net worth active Angel investors. Read More

Feldan: Feldan has Secured an Investment of over $1.7 Million from Angel Investors to Support Continued Growth

October 2, 2015

Members of Anges Québec, the Anges Québec Capital fund, and other Angel investors have given Feldan a $1,723,000 cash injection during a fourth round of financing. The Quebec City–based biotechnology firm, which develops cell therapy products, will use the capital to finalize the preclinical development of two products and move them into the first clinical trial phase within two years. Read More

September 2015

BetaKit: ScribbleLive Raises $35 Million Series D

September 23, 2015

ScribbeLive, a Toronto-based company focused on digital content marketing, just announced that it closed $35 million in expansion round funding. The round was led by The OpenText Enterprise Apps Fund, with participation from Emerillon Capital, Blue Cloud Ventures, Northleaf Venture Catalyst Fund and a large U.S.-based asset manager. Read More

Ottawa Business Journal: Shopify Named CIX’s 2015 Innovator of the Year

September 22, 2015

Shopify added to its trophy collection Tuesday when the Ottawa company was named the Canadian Innovation Exchange’s 2015 Innovator of the Year. “Shopify is one of the great Canadian corporate stories of the last decade,” CIX co-chair John Ruffolo said in a statement. Read More

BetaKit: Communitech Rev Awards $50,000 to Protein Testing Solution Nicoya

September 21, 2015

Waterloo-based Nicoya Lifesciences wants to change the way scientists run protein tests, and on Friday night, the company had its idea validated to the tune of $50,000 at Communitech’s Rev Centre Stage pitch event. Nicoya’s personal and portable SPR (Surface Plasmon Resonance) solution makes protein testing simple, quick and accessible – for less than one-tenth the cost of current solutions. Read More

 

The Hindu: Keiretsu Brings ‘Swarm Intelligence’ to Angel Investing in India Startups

September 20, 2015

Keiretsu Forum, the world’s largest Angel investment community is betting big on Indian startups and exploring opportunities. The U.S.-based Angel network makes investments based on ‘swarm intelligence’ or insights gathered from its community of 1,500 investors and members. Read More

 

The Globe and Mail: Funding Female Entrepreneurs is a Proven Job-Creation Strategy

September 18, 2015

We seem to be obsessed these days with unicorns. Unicorns are high-growth companies that get to billion-dollar valuations very quickly. In country after country, leaders are trying to replicate the Silicon Valley model with a “winner takes all” mindset. Read More

 

Gowlings: Gowlings Named Firm of the Year in Multiple Categories at LMG Life Sciences Awards 2015

September 17, 2015

For the third year in a row, Gowlings has been recognized for its unparalleled expertise in the global life sciences industry, taking home six awards at the 2015 LMG Life Sciences Awards ceremony last night in New York. Gowlings won more awards than any other law firm, and received top honours in other categories. Read More

 

Ryerson DMZ: The DMZ at Ryerson University Signs Memorandum of Understanding with Innovation Birmingham

September 16, 2015

The Minister of Trade for Ontario, Canada, together with representatives from the DMZ at Ryerson University, the top-ranked university-based incubator in Canada and fifth in the world, has visited the Innovation Birmingham Campus to sign a Memorandum of Understanding (MoU). Read More

University of Waterloo: Velocity Companies Raise more than $250 Million from Investors

September 15, 2015

Companies that are currently in or launched from Waterloo’s Velocity startup program have raised more than $150 million in funding from investors in just the last 18 months, bringing the total since the incubator launched to more than $250 million. Read More

 

Anges Québec: The Business is in the Bag for Minitrade with an $880K Investment

September 15, 2015

Isabelle Doucet got the idea to found Minitrade at the end of 2012 when she saw bags filled with children’s clothes gathering in her home as well as garments in her own closet, some of which had never been worn. A good idea that quickly found a market! Read More

Financial Post: Why Canada Needs Entrepreneurial Clusters, and how to go about Making Them

September 14, 2015

Imagine you have an idea for a zillion-dollar business, but you need partners, skilled employees, industry contacts — and patient capital to build it. In a perfect world, you could source all that with a few local calls.n this world, it happens in just a few places: Silicon Valley, New York City, London, and maybe Beijing and Tel Aviv. Read More

 

Techvibes: MaRS Forms International Financial Technology Partnership with CUBO in São Paulo

September 10, 2015

MaRS announced today a global partnership with CUBO, a fintech innovation hub based in São Paulo, Brazil. CUBO will be joining MaRS’ Financial Technology cluster, which connects entrepreneurs in emerging payments, peer-to-peer transactions, alternative lending and crypto-currencies, with the financial services sector. Read More

 

Ontario Newsroom: Global Life Sciences Incubator Launching in Ontario

September 8, 2015

Ontario has been selected to be the home of Johnson & Johnson Innovation’s first JLABS incubator outside the United States. JLABS @ Toronto, a partnership with the University of Toronto, MaRS Innovation, MaRS Discovery District and the Province, will leverage Ontario’s highly-skilled workforce and advanced science and technology sector, providing the tools and resources needed to help life science start-ups thrive. Read More

 

BetaKit: OCE and Venture for Canada Partner to Give Recent Stem Grads Work Experience

September 8, 2015

The Ontario Centres of Excellence (OCE) and Venture for Canada are partnering to open up opportunities for Ontario’s post-secondary students in the entrepreneurial ecosystem. Together, they are establishing an OCE – Venture for Canada fellowship stream focused on allowing recent STEM graduates into top Ontario startups. Read More

 

Broadcaster Magazine: The Vancouver Economic Commission Launches First Ever Startup City

September 8, 2015

The Vancouver Economic Commission (VEC) today announced it will launch Startup City, a week-long celebration of Vancouver’s startup community. The event, held at The Imperial during Startup Week, will bring together startups of all stages to learn how to build on the opportunities in Vancouver and make it the best startup ecosystem in the world. Read More

 

August 2015

The Globe and Mail: Female Funders Encourages Women to Become Angel Investors

August 27, 2015

A new online hub is aiming to educate and encourage more women to make investments in startups. The website Female Funders is set to launch Thursday, and its goal is to get 1,000 women to back their first venture this year. These so-called Angel investors fuel new businesses by offering their own capital as an investment. Read More

 

Techvibes: Real Ventures Raises $89 Million for Third Fund with ‘Different Focus’

August 27, 2015

Real Ventures has raised $89 million for its third fund. According to The Globe and Mail, Real Ventures Fund III was led by the McConnell Foundation of Montreal as well as the federal government via the Venture Capital Action Plan program.According to general partner Janet Bannister, who will co-manage the fund, Fund III is mandated to be “a more national fund.” Read More

 

PRWeb: AirVM Raises $8.0 million in Series A Funding

August 27, 2015

AirVM, the leading cloud management platform company, today announced it has closed $8.0 million in Series A funding. Led by RHO Canada Ventures, joined by Build Ventures, and current investor Wesley Clover, the Series A financing positions AirVM for continued global growth as they scale to meet the demand for their cloud management platform, AirSembly. Read More

 

BetaKit: Sharethebus Raises $750,000 Seed Round From Maple Leaf Angels’ MLA48

August 24, 2015

Toronto-based Maple Leaf Angels announced last week that it has led a $750,000 seed funding round for Montreal’s Sharethebus. Initial funding came from the organization’s MLA48 fund, which promises a 48-hour turnaround on investment decisions, with additional investment coming from independent investors and the broader Maple Leaf Angel membership. Read More

 

CBC: Waterloo’s Kik Interactive Partners With China’s Tencent in $50M Deal

August 19, 2015

Chinese company Tencent is investing $50 million into Waterloo, Ont.-based messenger company Kik Interactive. Kik says the new partnership will give the company access to Tencent’s expertise as the creator of WeChat, the top messenger app in China. The app, which is used by half a billion people in China, goes far beyond a basic chat service. Read More

 

BetaKit: PlentyofFish CEO Markus Frind Leads Grouplend’s $10.2M Funding Round

August 19, 2015

Vancouver-based Grouplend announced this week that it has closed a new $10.2 million funding round, led by PlentyofFish CEO, Markus Frind, and founder of Peer 1 Hosting, Lance Tracey. The funding comes just ten months after the online lending platform’s launch. Read More

 

Reuters Canada: OMERS Tech Fund Raises C$260 Million From Cisco, Bank of Montreal

August 17, 2015

OMERS Ventures, one of Canada’s biggest venture-capital firms, said on Monday it has raised about C$260 million ($200 million) for a second fund to invest mainly in early-stage technology companies. Lead investors in the fund are Bank of Montreal BMO.TO, Cisco Systems CSCO.O and the Ontario Municipal Employees Retirement System, parent of OMERS Ventures. Read More

The Globe and Mail: How Wealthsimple Raised $2 Million in Two Weeks

August 11, 2015

In May, 2014, we raised a $2-million seed round for Wealthsimple. It took us 2.5 weeks to raise from 15 amazing investors in Toronto including David Ossip, Dan Debow, Roger Martin, and Joe Canavan. Here are a few tips based on what I think we did right. The following tips assume you have a good idea in a massive market and a killer team. Read More

 

BetaKit: Vancouver’s PHEMI Closes $12.2 Million Round to Tackle Public Sector and Finance

August 11, 2015

PHEMI, a Vancouver-based big data warehouse that allows organizations to access and mine any variety of data to drive insights, announced today that it has raised a $12.2 million Series. A round of venture financing, co-led by CTI Life Sciences Fund (CTI) and British Columbia Discovery Fund (Discovery Capital). Read More

 

Techvibes: CENX Raises $12.5 Million Series D Round That Includes BDC Capital

August 11, 2015

Ottawa’s CENX today announced that it has finalized new equity investment totalling $12.5 million USD. New investors BDC Capital, Mistral Venture Partners, and VMware joined the Series D financing round, in which all current investors participated: Highland Capital Partners, Mesirow Financial Private Equity, Verizon Ventures, Ericsson, DCM Ventures, and Cross Creek Advisors. Read More

 

Financial Post: Everything You Need to Know to Launch a Successful IPO

August 5, 2015

The decision to undertake an initial public offering is a critical one in the life of any company. Going public brings prestige and visibility in the marketplace, but promised rewards often come with high risks, making it even more important that leaders understand the factors underlying the decision, the planning and execution required, and what to expect from life as a public company. Read More

 

July 2015

Communitech: More Pirates, Fewer Bankers: Steve Blank’s Prescription For Scale-Up Funding in Canada

July 31, 2015

In the late 1970s, when Silicon Valley was still young, an equally youthful entrepreneur named Steve embarked on a long and fruitful technology career. No, not that Steve. As much as the legacy of late Apple co-founder Steve Jobs towers over the tech world, I’m talking here about Steve Blank. Read More

 

IEDP: Which Countries Are Most Attractive for Investors?

July 28, 2015

President Obama’s support for Kenya’s young entrepreneurs and general appeal for less corruption and a greater reliance on trade rather than aid across Africa raises the question: where do the countries of Africa sit in terms of business friendliness and entrepreneurship? In fact how do all countries rank? Read More

 

Compass: The 2015 Global Startup Ecosystem Ranking is Live

July 27, 2015

Welcome to the Global Startup Ecosystem Ranking. It has been almost three years since the last Startup Ecosystem Report was released in November 2012, and since then the startup sector has grown at a booming pace. The centerpiece of the 2015 Startup Ecosystem Ranking is our updated and revamped component index, which ranks the top 20 startup ecosystems around the world. Read More

 

Techvibes: Exit Planning For Business Owners

July 21, 2015

While generally overlooked in the startup process, planning an exit strategy should be done well before raising outside capital. Aside from improving ones chances of success, planning and preparing ahead of time is often known to significantly increase exit valuations. Read More

 

TechCrunch: Welcome to The Unicorn Club, 2015: Learning From Billion-Dollar Companies

July 18, 2015

WAs we wrote in our original post – many entrepreneurs, and the venture investors who back them, seek to build big, impactful companies valued at a billion dollars or more. We called these companies “unicorns” because what they had achieved seemed very difficult, rare, and relatively unstudied. Read More

 

Seraf Investor: How Successful Angel Investors Allocate Assets

July 16, 2015

In our discussion on the basics of building an Angel portfolio, we shared our thinking on some key questions related to how many investments you need in your portfolio of startup companies. That leads next to a great discussion — “How much money are we talking about allocating to Angel investing?”. Read More

 

BetaKit: Qoints Wins N100 Startup Competition And $100,000 in Equity Financing

July 16, 2015

The winner of the annual N100 Startup Competition has been announced and Toronto-based Qoints secures $100,000 in equity financing. Now in its 3rd year, the N100, which is an abbreviation “Northumberland” and “$100,000”, is a competition that aims to put early-stage startups on a venture capital track by positioning them for follow-on investment. Read More

 

Canada Business Review: Angel Investing Big in Canada – What Are Other Options For Other Regions?

July 15, 2015

When it comes to starting a business, you need funding, right? After all, if you don’t have money to get started, then how do you actually expect to, you know, get started? Luckily enough, there are a variety of ways to go about obtaining investments for your business. Of course, depending on the specific type of company you plan on starting could determine the course of action you take. Read More

 

Ottawa Business Journal: Capital Angel Network Busy, Canadian Venture Capital Sees Best Q2 in 10 Years

July 15, 2015

Ottawa-based GaN Systems’ $24-million venture capital round made the top ten VC deals in the country for the first half of 2015, according to a preliminary report from Thomson Reuters. The full report, to be released at the end of the month, will show Canadian venture capital investment in the second quarter is at its highest level in a decade. Read More

 

Business Review USA: The Most Popular Funding Options For Your Business

July 15, 2015

When it comes to obtaining funds for a business venture, there are plenty of options available— worldwide. Depending on your location and the type of company you wish to start, you may discover that one investment for you is better than another.However, it’s still nice to know that there are choices, and lots of them! Read More

 

Techvibes: Canadian Startups Don’t Need Silicon Valley to Succeed, But Connections do Help

July 13, 2015

“Canadians are the greatest people on Earth. But, for the love of God, don’t shoot for eighth place.” Jonathan Ehrlich, a partner at Foundation Capital, three-time entrepreneur and former head of marketing at Facebook, is speaking to founders of 21 Canadian companies gathered at SAP’s campus in Palo Alto, the heart of Silicon Valley. He’s delivering a message he has clearly given many times before. Read More

 

Waterloo Record: Local Angel Investors Ranked 5th in Canada

July 9, 2015

A local group that funds early-stage startups is ranked fifth in Canada for the amount it invested last year, according to the annual report released by the National Angel Capital Organization. The Golden Triangle Angel Network, which has about 100 members, made 15 investments last year totalling $4.2 million, Rob Douglas, the network’s president, said in an interview Thursday. Read More

 

Seraf Investor: Angel Investing: What’s The Magic Number?

July 9, 2015

Almost every time I meet a new Angel investor one of the very first questions I get is a variation of “Can I make any money investing in startup companies?”. I wish there was a quick, 30 second answer to this question, but there isn’t. This seminal question is at the heart of what new Angels need to understand before they jump in. Read More

 

Waterloo Chronicle: Angel Groups Invested $90.5 Million in 181 Companies Last Year in Canada

July 7, 2015

The National Angel Capital Organization released its annual activity report. The report, which is based on a survey of 30 Angel groups across Canada, reveals these groups made 237 investments in 181 companies, amounting to $90.5 million, with an additional $110.4 million of funding leveraged into the investments. Read More

 

CBC: Northern Ontario Angels Earn No.1 Spot For Business Investment

July 6, 2015

A northern based organization that helps entrepreneurs get their businesses off the ground is being recognized for its work. The Northern Ontario Angels have been named the top Angel investment group in the country by the National Angel Capital Organization, based on a survey of members it did last year. Read More

 

The New York Times: For Startups, How Many Angels is Too Many?

July 6, 2015

Shortly after presenting her start-up to potential investors at a conference, Nancy Hua was bombarded by eager suitors. A little more than 48 hours later, the Silicon Valley entrepreneur had amassed about $2 million from wealthy individuals known as Angel investors. The total number of angels that Ms. Hua raised money from: 21. Read More

 

June 2015

Financial Post: Angel Investors Infused $62M in 2014 Thanks to Interest in Startups

June 29, 2015

Angel investors were some-what bullish in 2014, investing $61.7 million in new ventures last year, a 66% increase over the year before. While that’s good news for startups, the 2014 Report on Angel Investing Activity in Canada showed that follow-on investments fell 37% last year to $28.8 million. Yuri Navarro, executive director of the National Angel Capital Organization, said it’s normal to see fluctuations in the mix of investments of Angel investors. Read More

 

BetaKit: NACO Report Says Canadian Startups Received $90.5 Million From Angel Groups Last Year

June 29, 2015

The National Angel Capital Organization (NACO) has released its annual report on Angel activity in Canada. A survey of 30 Angel groups, representing over 1,700 investors across Canada, the report for the first time includes data provided by Industry Canada on 110 Angel-backed startups to provide a more detailed economic profile. Read More

 

The Globe and Mail: Saskatchewan Startup Offers an Easier Way to Create And Share Videos

June 29, 2015

When Saskatoon Public Schools opened a forum on the painful legacy of Canada’s residential schools this spring, the educators wanted to incorporate a wide range of voices. Using an online storytelling platform, more than 40 people signed up to create their own two-minute videos that addressed the question: “What can we learn from what children, parents, and communities lost?” and posted their replies to the school board’s public page. Read More

 

Techvibes: Canadian Angels Invested $90 Million Across 181 Companies in 2014, Report Finds

June 29, 2015

Angel investor groups made 237 investments in 181 companies across Canada in 2014, amounting to $90.5 million, with an additional $110.4 million of funding leveraged into the investments, according to an annual report from the National Angel Capital Organization. “We’re deeply encouraged by the results of this year’s report, which shows that the increasing connectivity of our member Angels is helping to provide Canadian companies with the capital they need to continue growing locally,” said Yuri Navarro, NACO Executive Director. Read More

 

peHUB: Canadian Angel Investment Activity Reaches $91 Million in 2014

June 29, 2015

The National Angel Capital Organization today released its 2014 Angel activity report based on a survey of Canadian Angel groups, which represents more than 1,700 individual investors. A total of 237 Angel investments were completed last year for a combined $90.5 million of financing. Read More

 

Techvibes: Six Canadian Accelerators Join Microsoft BizSpark Plus Program

June 16, 2015

L-Spark, a Canadian accelerator focused on enterprise SaaS and cloud startups, announced today that it has been selected by Microsoft as one of the Canadian accelerators to be part of the newly launched program BizSpark Plus.Microsoft BizSpark Plus is a program offered through select partners that helps startups succeed by giving access to Microsoft cloud services, software and support. Read More

 

peHUB: VC Perspective: How Long Before Angel Investors (and VCs) Exit?

June 16, 2015

It’s fascinating and fun to be an Angel investor. But do most Angels actually make positive returns? And even more important, how long until they get liquidity? The theoretical returns look extremely attractive. We’ve identified 12 different studies showing annual returns of 18 percent to 54 percent. Read More

 

Tech.London: Announcing the Digital Ecosystem Powered by IBM Cloud

June 15, 2015

IBM, in partnership with the Mayor of London Boris Johnson, Gust, and a wide number of partners from London’s tech community is proud to announce this brand new technological initiative for the UK. Read More

 

Morning Consult: Angel Investing Requires Education

June 11, 2015

Angel investing is a very “sexy” strategy right now. Everyone wants to invest in the next hot startup; have that bigexit; and make tons of money. Celebrities are doing it. Your friends are doing it. Former Bankers are even doing it.  Now with the JOBS Act, accredited investors* can invest in tech startups using online platforms like AngelList. Read More

 

Maple Leaf Angels: MLA48 Angel Investment Fund Completes First Investment

June 10, 2015

MLA48, Canada’s first Angel investment fund committed to providing 48 hour turnaround on investment decisions, today announced its first investment in high-growth start-up, Orchard Labs Inc. The initial investment from MLA48 spurred over $500,000 of further investment from the broader Maple Leaf Angel membership and other independent Angel investors. Read More

 

Fortune: Something is Rotting Under Silicon Valley

June 10, 2015

For all the happy talk and rising valuations, Silicon Valley VCs are in the midst of a pretty troubling trend. I spent a good chunk of last week in Silicon Valley, speaking to venture capitalists who mostly wanted to regale me with tales of their portfolio prowess. Sunshine and unicorns all over Sand Hill Road. Read More

 

ITWorld Canada: Angel Funding For Canada Tech Firms Reaches New Heights

June 8, 2015

Things are looking up for early-stage funding in Canada, according to a report released by the National Angel Capital Organization. NACO, which represents Angel investors north of the border, surveyed 30 groups of these investors across the country. It found that investment has more than doubled since 2012, reaching $90.5 million compared to $40.5m three years ago. Read More

 

Forbes: Sharing an Insider’s Perspective on The Digital Health Revolution

June 8, 2015

Hi, my name is Unity Stoakes, and I am an entrepreneur and investor on a mission to improve the future of health and wellness globally. As a Forbes contributor, I will be sharing an insider’s perspective on the digital health revolution and insights about the wave of innovation that is transforming one of the largest and most complicated industries in the world: health care. Read More

 

Huffington Post Business: Angel Investors Are Still The Lifeblood of Startups

June 4, 2015

Entrepreneurs who require funding for their startup have long counted on self-accredited high net worth individuals (“Angels”) to fill their needs, after friends and family, and before they qualify for institutional investments (“VCs”). New crowd funding platforms on the Internet, like Kickstarter and IndieGoGo, as well as the Jobs Act of 2012, are expected by many to ramp up regular people’s ability to fund new opportunities and kill the need for Angel groups. Read More

 

The Chronicle Herald: Angel Investors Divine For Atlantic Startups

June 1, 2015

In many ways, the Rounds exemplified what happened in fundraising by Atlantic Canadian startups last year. It was a record year largely because companies like the Rounds tapped Angels and government-owned agencies. The Rounds, a Halifax startup that operates a social network for medical professionals, announced a capital raise of $1 million in April 2014 from Innovacorp and a host of Angels. Read More

 

Medium: Stay in Your Overlaps

June 1, 2015

Aspiring entrepreneurs wonder, “how do you decide which idea is worth committing 5–10 years of your life to build?” Similarly, investors ask, “among all the pitches you get, how do you decide where to invest your energy and money?” In 2005, I asked myself this question as an entrepreneur when founding Behance and 99U. Read More

 

Inc.: No Angel Traction? The Problem May be Your Business Type

June 1, 2015

Angels look at business investments differently than other investors. For example, unlike VCs looking for outsized opportunities to put big pools of money to work again and again, Angels have more limited funds to draw on. They have to have a plan for where a company they invest in will get future capital. Read More

 

May 2015

ENTREVESTOR: Venture NL Fund’s First Close

May 27, 2015

The Venture Newfoundland and Labrador Fund, the new public-private investment body that will provide seed financing in the province, has announced its first close and should make its first investment within three weeks. Pelorus Venture Capital Ltd., the subsidiary of GrowthWorks Atlantic that will manage the fund, said Tuesday that the contributions by the government of Newfoundland and Labrador, BDC Capital and Pelorus itself have all closed. Read More

 

NAO-Ontario: NAO-Ontario Announces Formation of The Impact Angel Alliance, With Support From The Government of Ontario

May 25, 2015

NAO-Ontario is proud to announce the formation of the Impact Angel Alliance and welcomes the support of the Ontario’s Ministry of Economic Development Employment and Infrastructure. IAA will operate in partnership with NAO-Ontario and in contact with existing Angel groups across the country. Read More

 

Techvibes: 500 Startups Stops in Toronto Along Global Roadshow

May 24, 2015

Earlier this week marked the first time that the 500 Startups Roadshow stopped at a Canadian city. Toronto was their second stop in a global tour that includes cities like Berlin, Los Angeles and Tel Aviv. Toronto was their second stop in a global tour that includes cities like Berlin, Los Angeles and Tel Aviv. Read More

 

Techvibes: Hootsuite’s Ryan Holmes Named Entrepreneur of The Year Award by CVCA

May 22, 2015

From May 19-21, the Canadian Venture Capital and Private Equity Association held its Annual Conference at the Westin Bayshore Hotel in Vancouver, bringing together panels and keynote speakers discussing topics on the theme of Capitalizing on Change: Uncertainty & Opportunity in Canada’s Shifting Economy. Read More

 

Techvibes: Shopify IPO Priced at $1.2 Billion

May 21, 2015

Shopify has raised $131 million in its initial public offering. The IPO price current values Shopify on the public market at a very unicorn-like $1.27 billion, based on 74.4 million shares outstanding. The IPO price current values Shopify on the public market at a very unicorn-like $1.27 billion, based on 74.4 million shares outstanding. Read More

 

PR Newswire: SHOES.COM Completes $45 Million Dollar Non-Brokered Private Placement

May 20, 2015

SHOES.COM, the world’s fastest growing private online footwear and apparel destination, today announced the closing of a non-brokered private placement of common shares.The company raised net proceeds of approximately $45 million, principally from existing shareholders, at a post-money valuation of $320 million with all stock issued being common shares. Read More

 

LinkedIn: There’s a New Way For Companies to Raise Capital From The Crowd

May 19, 2015

On May 14th, six Canadian provinces jumped into the equity crowdfunding space in a big way. BC, Saskatchewan, Manitoba, Quebec, New Brunswick and Nova Scotia announced a new prospectus exemption for early stage companies to raise capital. When I first read the press release, I have to admit, I wasn’t that excited. Read More

 

Medium: 36 Things I’ve Learned During my First Three Months Investing

May 12, 2015

Here is a short and blunt list of things that I’ve learned transitioning from a founder of a startup to an investor in startups. 1) Invest in amazing people. They will find a way. 2) Make predictions and try to spot emerging trends. Then, find amazing people working in those areas and give them whatever they need. Read More

 

Morningstar: Equity Crowdfunding: A Fad or The Future?

May 12, 2015

Crowdfunding typically refers to online fundraising for a personal project or a charitable cause, open to the public via websites such as Kickstarter, Indiegogo and GoFundMe.Donors don’t expect to get their money back unless a crowdfunding campaign fails to meet its financial goal by a specified time, in which case all donations are returned. Read More

 

Techvibes: The Rare And Elusive Canadian Unicorn

May 11, 2015

Everyone is talking about Shopify and Hootsuite, the elusive unicorns of our Canadian startup community. A “unicorn” in the tech industry refers to a startup company with a valuation of close to, or over $1 billion dollars. A “unicorn” in the tech industry refers to a startup company with a valuation of close to, or over $1 billion dollars. Read More

 

BetaKit: Three Companies Take Top Prize at Healthkick 2015

May 8, 2015

After a flurry of speakers and announcements in the MaRS Discovery District, three companies stood out from the pack yesterday at HealthKick 2015. Taking part in Canada’s largest health startup showcase, EMERpharma, Mindful Scientific, and QoC Health each walked away with a victory in their respective category and $20,000 in cash. Read More

 

BetaKit: $362 Million In Canadian VC Investments in Q1 2015

May 8, 2015

The Canadian Venture Capital & Private Equity Association (CVCA) released its Q1 2015 statistics and revealed a total of $362 million was invested into 121 companies, which is an increase from $11 million and 12 deals when compared to Q4. The highlighted companies are Miovision Technologies, Thrasos Innovation, Essa Pharma, Corsa, Clearpath Robotics and Cynapsus. Read More

 

MaRS: MaRS And SDTC Partnership to Grow Canada’s Clean Technology Sector

May 7, 2015

Sustainable Development Technology Canada (SDTC) and MaRS Discovery District are pleased to announce a new partnership to collaborate and grow high-impact, globally-competitive clean technology companies.The partnership will help high-potential Canadian companies connect with global market opportunities, share information on priority international markets and highlight the work of leading Canadian companies in the field. Read More

 

Forbes: Angel Worst Practices — 10 Ways to Ensure You Lose Money

May 7, 2015

Have you ever noticed that sometimes people learn best when they hear how they should not do something? The hit television show What Not to Wear is very effective in demonstrating wardrobe mistakes to avoid.With that in mind, here’s my list of the worst Angel investing practices, with a tip of the hat to John Huston and the Ohio Tech Angels, who have used this teaching method for many years. Read More

 

Founders Institute: Are You Ready For Funding? The Anatomy of a Future Startup Unicorn

May 6, 2015

There are more billion dollar “unicorn” tech companies than ever before, and as such, there are more startups raising Angel funding with dreams to become the next unicorn than ever before. But what does it really take to get funding from Angels? At the Founder Showcase, Naval Ravikant shared his experience as the Co-Founder of AngelList and defined the five key components of a “fundable startup.” Read More

 

April 2015

KITE Invest: KITE Invest And The National Angel Capital Organization Talk About How it’s Championing Canada’s Angel Investing Community

April 29, 2015

With the sheer size of Canada there are over 30 Angel groups/networks, of which the majority of them are members of NACO. KITE Invest spoke with Yuri Navarro the Executive Director of NACO to discuss the layout of the Canadian Angel Investor community. Read More

 

 

Kensington Capital: Alberta Poised to Become Global Leader in Energy Technology as Oil And Gas Sector Evolves

April 28, 2015

While falling oil prices highlight the need for diversification in the Canadian economy, sectors that have long lived in the shadows of the oil and gas sector are starting to emerge. New technologies are revolutionizing the energy sector with Alberta poised to become a global leader, leveraging its position as a major oil and gas market. Read More

 

The Herald Business: ENTREVESTOR: Nova Scotia Firm’s Luminous Work Gets $3.1m Boost

April 27, 2015

Metamaterial Technologies Inc. has closed a $3.1-million round of funding, which will help the Dartmouth company with its ambitious plans to establish a metamaterials research and development and pilot production facility in Nova Scotia.The company, which has developed revolutionary materials that deflect, enhance or absorb light, has raised $2 million from Innovacorp. Read More

 

Entrepreneur: 5 Qualities Angel Investors Want in Founders

April 22, 2015

What do Angel investors want in startup founders? Drive, passion and smarts? Sure but every founder claims those. Integrity and character? Yes, they are essential, but investors notice them only if they are missing. So what do investors really look for? While every Angel is different, here are the top five attributes I believe all entrepreneurs should have. Read More

 

Forbes: Impact Investing – How to Get a Return While Doing Good

April 22, 2015

Imagine your investments generate both financial returns and measurable social and/or environmental impact. That’s the premise behind “impact investing,” an area that’s quickly gaining traction among Angel investors. It’s not a discrete sector or asset class, but instead is an approach to investing. Read More

 

Strategist Magazine: Shopify’s IPO Gets The Ball Rolling For Canadian Tech

April 16, 2015

If you haven’t already heard, the Ottawa-based tech giant, Shopify, has just applied for an initial public offering that has so far been valued at around $100,000,000. In just 10 years, Shopify has grown from two guys unsatisfied with existing e-commerce options for their snowboard store to a tech mogul with connections to the likes of Richard Branson. This is a true Canadian success story, and it’s definitely not the only one. Read More

 

Angel Resource Institute: 2014 Annual ARI Halo Report

April 15, 2015

The Angel Resource Institute (ARI) released the 2014 Annual ARI Halo Report today, a national survey of Angel group investment activity sponsored by PitchBook. ARI’s Vice Chairman of Research Rob Wiltbank announced the findings at the opening session of the Angel Capital Association’s Annual Summit in San Diego. Read More

 

The DMZ: After Five Years, We’ve Rebranded

April 15, 2015

We’ve grown up a lot in the five years since we first opened our doors. When the Digital Media Zone launched in April 2010, it was a small working space occupied by a handful of Ryerson University-based startups that were developing digital media products and platforms. Our name made sense. Our branding, like us, was young and experimental. We weren’t sure what the future held. Read More

 

The Daily Courier: Angels Invest $38 Million

April 10, 2015

Duane Lockwood of Hoopla.com, Alex Miller of Visland Media and Rob Bartlett of What the Fast all received investments from members of VA Angels to grow their businesses. On Friday, they attended a VA Angels news conference in Kelowna where the group announced it hit the milestone of investing $38 million in 100 companies. Read More

 

Medium: What did Billion Dollar Companies Look Like at The Series A?

April 7, 2015

There is a lot of coverage of the companies that have reached valuations of over a billion dollars. Many of these companies were not always fast growing businesses. At Shasta Ventures, we focus on investing at the early stage, so we studied 32 high value consumer companies to see what they looked like around their Series A. Read More

 

Anges Quebec: Four Angels Participate in The $1.5M Financing of The Movie “Anna” Produced By Go Films

April 6, 2015

Inspired by the audacity and creativity of Quebec cinema, four members of Anges Québec, including Marc LeBel, have invested $350K in the production of the movie “Anna” which will be released in fall 2015. The feature film, shot in Québec and Asia, benefited from a total budget of $1,550,000 with the financial participation of Téléfilm Canada, Go Films, and Québec and Canadian cinema and television tax credit programs. Read More

 

Medium: The Secrets of Unicorn Companies

April 6, 2015

We are in era of unprecedented value creation, and its symbol is the Unicorn — a company that rapidly gains to a valuation of a billion-dollars and beyond. While pundits are again asking “Are we in a bubble?” entrepreneurs are asking a more vital question: “What are the secrets that allow fresh startups to scale so dramatically?” Read More

 

Business Standard: BSE Institute’s Startup Accelerator Program Eyes Trilateral Agreement

April 4, 2015

Zone Startups India, an accelerator programme by BSE Institute, and Canada-based Ryerson University, is in talks for a trilateral agreement with Ryerson University, Toronto and Witwatersrand University, Johannesburg. With an objective to encourage and promote innovation and entrepreneurship between the three centres, the trilateral pact will facilitate knowledge exchange, student exchange, startup exchange and faculty exchange. Read More

 

Forbes: The Difference Between Angels And Sharks

April 2, 2015

As one of the most popular programs on television, “Shark Tank” is helping the public hear the term “Angel investor ” and grasp what they do. The TV sharks have likely invested in and coached many entrepreneurs, and helped increase their success. However, although there are similarities between Angel investors and the TV sharks, I see many differences. Read More

 

Capital Angels: Ottawa Area Angels Inject $5M Into Innovative, Early-Stage Companies in 2014

April 2, 2015

Capital Angel Network announced today that $5M was invested into new ventures in 2014, by members of the group along with the co-investment through the Ottawa area ecosystem of Angel investors. An additional $2M was syndicated from other Angel groups. Promising companies receiving investment include Gesturelogic, Tattoo Hero, and Rent Frock Repeat. Read More

 

March 2015

TSX: Solegear Bioplastic Technologies Inc. Opens The Market

March 31, 2015

Toby Reid, Founder & CEO, Solegear Bioplastic Technologies Inc. (SGB) joined Michael J. Kousaie, Head of Business Development, Technology, Toronto Stock Exchange and TSX Venture Exchange to open the market. Solegear Bioplastic Technologies Inc. is a materials firm that develops, produces and distributes bioplastics that utilize annually renewable plant-based ingredients formulated using green chemistry. Read More

Entrepreneur: This Woman Might be The Most Successful Impact Investor You’ve Never Heard of

March 31, 2015

The February ribbon cutting for Gigawatt Global’s new $24 million solar field in Rwanda was an impact investment showcase. More than 28,000 solar panels, arranged in the shape of the African continent, added six percent to the entire country’s electricity production. Gigawatt Global, an American-owned Dutch company, completed the project in less than a year after signing a power-purchase agreement with Rwanda’s national utility service. The solar field is the first operation project under President Obama’s Power Africa Initiative. Read More

 

The Chronicle Herald: ENTREVESTOR: Solace Sparks Business With Boeing, Other Firms

March 30, 2015

After proving its wireless power technology can recharge drones, Solace Power is embarking on the second phase of a development project with aircraft manufacturer Boeing. But Kris McNeil, CEO of the Mount Pearl, N.L., company, was quick to point out in an interview last week that the Boeing contract is only one of the projects Solace is working on. Read More

 

Techvibes: BDC Pledges $700 Million to Female Entrepreneurs

March 27, 2015

This week, the Honourable Dr. K. Kellie Leitch, Minister of Labour and Minister of Status of Women, hosted the Government of Canada’s Women Entrepreneurs Forum in Ottawa. During the event it was announced that the Business Development Bank of Canada has earmarked $700 million of existing funding over three years to finance women-owned businesses. Read More

 

Tech Crunch: A Super Angel’s View on Venture Capital in 2015

March 27, 2015

As the first quarter of 2015 draws to a close, it’s clear that the venture capital industry is evolving. Since 2005, thousands of new millionaires have been minted by the IPOs of Alibaba Group, Lending Club, Go Pro, Box, Zendesk, Facebook, Pandora, Zynga, Linkedin, Homeaway, Zipcar and countless others. Many of those have become Angel investors, a path facilitated by the emergence of Angel List and Funders Club. Read More

 

Financial Post: Canada is Finally Closing The Gap on Venture Capital Options in Midst of Entrepreneurial ‘Renaissance’

March 27, 2015

Last week, the Financial Post sat down with Jérôme Nycz, executive vice-president of BDC Capital (a subsidiary of the Business Development Bank of Canada), to talk about the state of venture capital in Canada. In the interview, Nycz says the gap between Canada and the U.S. on venture capital options is closing. Read More

 

The Globe and Mail: Vancouver’s High-Tech Makeover

March 26, 2015

When the guides of the future plan the itinerary for the walking tour dubbed “Vancouver: Tech City,” they’ll start in Railtown. After all, this is where the social media company Hootsuite emerged in 2008, amid the cheap, converted warehouses between the Downtown Eastside and the docks on Burrard Inlet. Read More

 

Financial Post: East Coast Tech Angel Gerry Pond Named BDC’s First Entrepreneurship Champion

March 25, 2015

Gerry Pond is a key figure in the effort to diversify Atlantic Canada’s traditional, stagnant and natural resources-dependent economy. But Mr. Pond, who on March 24 was named the Business Development Bank of Canada’s first-ever BDC Entrepreneurship Champion, does not believe enough East Coast residents are embracing the economic benefits of his specialty: technology startups. Read More

 

Forbes: How Super Angel Chris Sacca Made Billions, Burned Bridges And Crafted The Best Seed Portfolio Ever

March 25, 2015

Between the parade of wet suits and abundant seafood and yoga joints, Manhattan Beach, just south of Los Angeles, tries to cling fast to its surf town roots. It’s a tough battle. Strolling the boardwalk, I pass beach volleyball gold medalist Kerri Walsh Jennings practicing spikes close by glitzy homes locals say belong to Mark Cuban and former Oracle boss Ray Lane. My guide, tech investor Chris Sacca, represents another evolution: The beach serves as his de facto office, and the 39-year-old eagerly points out spots more notable for his startup stakes than surf breaks. Read More

 

Anges Quebec: Third Round of Financing of Feldan For $1.2M

March 23, 2015

Members of Anges Québec, the Anges Québec Capital Fund and Fier Succès reiterated their confidence in Feldan, a Quebec company that develops cell therapy products, with a new investment of over $1.2M. With this third round of financing completed, the biotechnology company can now rely on a $675K investment from 15 Angels, including Jean-Marc Rousseau and Sylvain Chartier, $475K from the Anges Québec Capital Fund and $75K from Fier Succès. Read More

 

The Prince George Citizen: Angel Investor Graces Prince George For Seminar

March 21, 2015

An Angel investor is flapping his business wings in Prince George this weekend. Randy Thompson is CEO of VA Angels and he is Start Up Canada’s Prairie Angel of the Year. He arrived on Friday for a seminar on how to grow a business through sales and methods of expanding a business sustainably. Today he is having one-on-one meetings with local entrepreneurs. Read More

 

Canadian Business: The 15 Most Innovative Canadian Companies Of 2015

March 21, 2015

Meet 15 inspiring Canadian companies shaking up everything from retail to medicine to robotics. This year’s companies include: D2L, Lumenpulse, Loblaw, Tweed, Suncor Energy, Saltworks, Vanhawks, Frank and Oak, VarageSale, BuildDirect, Vision Critical, Clearpath Robotics, Figure 1, Shopify, and Hootsuite. Read More

 

Business Review Canada: Calling All Angels: The Biggest Angel Investing Trends in Canada

March 20, 2015

Are you currently trying to secure funding for a startup business? You’ve most likely explored and exhausted various options, including crowdfunding and gaining financial help from friends and family. And if you don’t happen to be overly talented at putting cash into a personal savings account to assist you with your venture, then it may be time to explore a new option—Angels. Read More

 

The Globe and Mail: Kitchener’s Clearpath Robotics Gets Cash Boost to Meet High Demand

March 18, 2015

One of Canada’s best-regarded robotics firms, Kitchener-based Clearpath Robotics, has received a $14-million cash injection led by U.S. venture capital firms RRE Ventures and iNovia Capital. The money will be used to expand the company’s work force by as many as 50 people, primarily engineers, to meet the demand for contracts it has signed in the resource and mining industry. Read More

 

Downtown Devil: Phoenix Welcomes Canadian Investment Firm VA Angels to Gateway Community College

March 18, 2015

City officials held a press conference Tuesday morning to welcome the VA Angels, a Canadian Angel investment firm, to its new location in Phoenix. Gateway Community College’s Center for Entrepreneurial Innovation (CEI) will house the VA Angels, said Jeff Saville, executive director of CEI. Saville said the firm will hold its monthly meetings at CEI and will also retain offices there. Read More

 

VA Angels: What we Learned Doing 100 Deals

March 16, 2015

In December, VA Angels did our 100th deal, an exciting company out of Winnipeg called Kindoma (activities on the Facetime platform by entrepreneur Carly Schuler. She just won most promising startup at the Canadian Financing Forum in Vancouver.). 100 is always a number that causes reflection, and I think our group should be proud of the accomplishment, but should share what doing 100 investments has taught us. Read More

 

Bill Payne: Why Does Startup Pricing Vary by Location?

March 16, 2015

Entrepreneurs seem genuinely surprised to find that investors in Peoria or Little Rock are not willing to invest in startup companies at Silicon Valley prices. After all, they just read in TechCrunch that investors funded a company similar to theirs at an $8 million pre-money valuation! The valuation of startup companies shouldn’t be impacted by location, should they? Guess again! Read More

 

Forbes: Three Successful Exits in One Week — How One Angel Did it

March 16, 2015

Can you imagine having three successful exits in a week? It happened to Dušan Stojanovic and this is a story worth dissecting. He is founder and director of True Global Ventures and was named EBAN’s European Angel of the Year 2013, in part because of those exits in 2012. Read More

 

Venture Beat: 8 Emerging Sectors in Fintech that Global Investors Should Explore Now

March 16, 2015

Today, because of the JOBS Act and other regulatory change occurring around the world, we’re seeing a renewed focus on innovation in the private capital markets. The technology now being created for accredited investor online platforms and related services is creating greater transaction flow, transparency and, over time, liquidity. Read More

 

The Globe and Mail: Five Angel Investing Trends to Watch in Canada

March 12, 2015

Canada’s dynamic technology sector is like a constellation of opportunity, with diverse and exciting startups dotting the country. And like the stars above, these bright lights of Canada’s new economy are being fuelled by something powerful and unseen: Angel investment. Read More

 

The Globe and Mail: Square Buys Toronto Payments Startup Kili

March 11, 2015

Square Inc., the mobile payments processing company founded by Twitter’s Jack Dorsey, has snapped up Toronto-based payment startup Kili Technology. It’s the first Canadian acquisition by Square, which raised $150 million in October, 2014, at a valuation of about $6-billion. Read More

 

Canadian Business: The 15 Most Innovative Canadian Companies of 2015

March 11, 2015

Meet 15 inspiring Canadian companies shaking up everything from retail to medicine to robotics. This year’s companies include: D2L, Lumenpulse, Loblaw, Tweed, Suncor Energy, Saltworks, Vanhawks, Frank and Oak, VarageSale, BuildDirect, Vision Critical, Clearpath Robotics, Figure 1, Shopify, and Hootsuite. Read More

 

Founder Institute: What it Takes to be a Startup Ecosystem Leader, According to Sergio Escobar

March 11, 2015

Sergio Escobar, a top Director of the Montreal Founder Institute, has played a major role in setting up the foundation of success within his local start-up ecosystem. He is a respected start-up leader in his community, and has been featured across many notable publications, such as TechVibes, Betakit, Radio-Canada International TV, and most recently interviewed on his local television station, “Money Channel”. Read More

 

Ottawa Business Journal: Capital Angel Network Appoints New Executive Director

March 6, 2015

The Capital Angel Network announced that Jane Baird will take over as executive director of the Ottawa investor group. Ms. Baird replaces Parm Gill, who will remain a member of the network. “I’m going to be building on all the great foundational work that he’s done,” said Ms. Baird. “The big thing is really increasing awareness.” Read More

 

AlleyWatch: Angels in The Pipeline Getting up Close And Personal

March 6, 2015

This is the Pipeline Fellowship Conference, the beginning of the six-month boot camp for the women angel investors. It’s an intimate setting where phrases like J Curve (it follows profitability of a company) and the difference between how much yield a single company should have as opposed to the whole portfolio were explained. It’s a conference that’s sorely needed. Out of the top 100 investors, only two are women. Read More

 

WECAN Newsroom: Colin McKillop Will Join WECAN as Its New Executive Director

March 6, 2015

The Windsor Essex Capital Angel Network (WECAN) is pleased to announce that Colin McKillop will join WECAN as its new Executive Director commencing February 10, 2015. Colin brings to WECAN over 20 years of senior executive experience as a CEO and Vice President / General Manager of businesses in the automotive, industrial and oil & gas sectors, and a breadth of experience in Private Equity, Fortune 500 M&A, JV’s, divestures and major investments in technology, R&D and new product/process development and start-ups. Read More

 

The Globe and Mail: Canadian Startups Take Bite Out of The Big Apple Through Federal Program

March 2, 2015

When entrepreneur David Ciccarelli starts pounding the pavement for new business in New York this week it won’t be in a crumpled suit while dragging a roller bag fresh off a flight from Canada. The founder and chief executive of voice talent matching service Voices.com is temporarily setting up shop in Times Square, alongside five other Canadian-based technology companies, as part of the Canadian Technology Accelerator (CTA) in New York digital tech program. Read More

 

Entrepreneur: Angels, Venture Capitalists or The Crowd: Who Should Fund Your Startup?

March 2, 2015

Startup entrepreneurs have more options in raising funds thanks to crowdfunding, an innovative way of fundraising from a large number of investors online. Since the JOBS Act this new investment phenomenon has grown in popularity as a veritable tool for funding startups. Read More

 

Metro News: Invest Ottawa Opens Door To Brazil With New Economic Development Partnership

March 1, 2015

The head of Ottawa’s economic development agency is in Brazil right now not for the warm weather and stunning beaches, but to solidify a new partnership his Sao Paulo-based counterpart’s organization, Plug. Bruce Lazenby, president and CEO of Invest Ottawa, has been looking at Brazil as a potential partner for a long time and now has a formal partnership in place for soft-landing business opportunities to flourish south of the equator. Read More

 

The London Free Press: Meet John Pollock, Managing Director, Southwestern Ontario Angel Group

March 1, 2015

The entrepreneurial bug bit early and hard for John Pollock. As a freshly minted Western University graduate, at the tender age of 20, he found himself winging his way to Africa with a cargo load of word processor and printer technology, state-of-the art stuff in the early 1980s. Read More

 

February 2015

Ottawa Business Journal: Ottawa-Backed Toronto Clothing Startup Opens ByWard Market Showroom

February 27, 2015

After a successful pitch on the CBC show Dragon’s Den, followed by the setback of the deal falling through, startup Rent Frock Repeat landed $1.15 million in funding led by Ottawa’s Angel investment community. “Dragon’s Den was disappointing at the time, but there was a silver lining.We learned so much from not getting the bid about having to be creative and resourceful,” said Kristy Wieber, co-founder of the designer dress rental company, which launched its Ottawa showroom Wednesday.Read More

 

Techcabal: Startup 101: All The Legal Stuff Investors Like to See Before They Invest

February 27, 2015

The desired end result of the dance performed by a founder and an investor is for the founder to get the investor to believe in her/him, and provide the funding required to develop her/his product to the extent he is able to attract sufficient business for both founder and investor to be financially rewarded. Read More

 

Betakit: How Gymtrack Scored A 500 Startups Invite From Dave McClure

February 26, 2015

Ottawa has a notorious reputation as a “hard place to start a startup” but once you sit down with Lee Silverstone, co-founder of Gymtrack, you may change your mind. Lee’s company helps gyms and gym-goers track their fitness progress while lifting weights. Their approach involves hardware that attaches to the machines themselves and then synced to a wearable device (you can learn a little more about them in this recent article on BetaKit). Read More

 

Techvibes: Canadian Government Invests $27 Million Across Seven Companies

February 20, 2015

The Canadian government today announced seven clean technology projects in Ontario receiving investments totalling over $26.8 million. The projects, announced by The Honourable Greg Rickford, Canada’s Minister of Natural Resources, along with Jane Pagel, Acting CEO of Sustainable Development Technology Canada, are benefitting from the government’s investment in SDTC’s SD Tech Fund through Canada’s Economic Action Plan. Read More

 

CNN Money: Female Investors Often Outperform Male Counterparts

February 19, 2015

One of the biggest conundrums in the financial world is this: Survey after survey shows that women lack confidence when it comes to investing and retirement planning. Yet if you look at the actual results, women often perform better than men. Read More

 

Entrevestor: Pond Tells Students: Dream Big

February 19, 2015

The following is the text of an address by Gerry Pond given at the recent Saint Mary’s University convocation, where he was awarded an honorary doctorate:
As you graduate from this fine university and begin the next stage in your journey, you will receive considerable amounts of advice, all well intentioned, and much of it useful. Let me add my voice to the chorus with some thoughts on how you can take what you’ve learned here at Saint Mary’s and use it to create a rewarding life. Read More

Forbes: Angel Strategies That Build Potential For Blockbuster Returns

February 18, 2015

Every Angel wants to hit the home run – to find startups that will bring huge returns. However, we know Angel investing is risky and that the majority of investments will not pan out. That’s why it’s critical for Angels to think not just about hitting home runs but how to win the game, honing their skills in identifying high potential companies and developing strategies that build high returns. Read More

 

SDTC Newsroom: SDTC Looking For Canada’s Next Cleantech Innovators

February 18, 2015

On behalf of the Government of Canada, SDTC is looking for the next wave of innovative cleantech entrepreneurs. The SD Tech Fund™ and the SD Natural Gas Fund™ are open for applications from February 18 to April 15, 2015. Through the SD Tech Fund™, SDTC supports technologies that address the challenges of Clean Air, Soil, Water and Climate Change… Read More

 

Techli: CEO Sundays – Decoding The 3 Types of Angel Investors

February 15, 2015

Angel investment dollars used to mean asking friends and family members to invest in your budding business. These days however, Angel investing has gone mainstream. More ‘regular’ folk are interested in jumping on the Angel investing bandwagon. And for the most part, they are arms-length, high net worth individuals with disposable incomes, looking for a better (read: more profitable, albeit risky) place to park some of their investment dollars. Read More

 

London Community News: World’s Largest Angels Network Expands Into London

February 12, 2015

Keiretsu Forum, the world’s largest angel investor network, is offering an opportunity for area entrepreneurs to gain valuable support, according to the leader of the Toronto chapter. “Part of what our membership brings is not only capital, but also connections. That is really the secret sauce,” said Kevin Sterling, president of Keiretsu’s Toronto chapter. Read More

 

The Globe and Mail: As Canadian Startups Grow, Local Venture Capital Funding Dries up

February 12, 2015

From Shopify Inc. and Hootsuite Media to Desire2Learn Inc., a growing number of medium-sized Canadian technology startups have attracted big-dollar financing over the past 18 months. But industry players say those blockbuster deals may be masking a capital crunch for other Canadian startups. Read More

 

Keiretsu Forum Newsroom: Keiretsu Forum Partners With OCE Discovery For First Ever Canadian Global Deal Expo on April 27th & 28th 2015

February 10, 2015

Keiretsu Forum, the world’s largest private equity Angel investment network, announced its first ever Canadian Global Capital Expo in partnership with the OCE Discovery conference on April 27th & 28th of 2015. Keiretsu’s Angel Capital Expo is the premier gathering of Angel investors and entrepreneurs seeking funding capital to grow their businesses. On April 27th and 28th, more than 200 Angel investors from the Keiretsu global network will join over 3000 OCE Discovery attendees and 350+ companies in celebrating entrepreneurism and investing in Canada. Read More

 

Keiretsu Forum Newsroom: Keiretsu Forum Invests $45.3 Million Globally in 2014

February 10, 2015

Keiretsu Forum announced this week that its global network of private equity investors has confirmed investment of $45.3 million in 79 ventures in 2014, with the average investment amount being $573,114. Life Science companies received 35% of the funding, 31% was invested in Technology, 31% in Real Estate, and 3% in Consumer/Retail Products.Read More

 

Techvibes: Ryerson Futures Now an Approved Business Incubator For Startup Visa Program

February 10, 2015

Ryerson Futures, the accelerator program associated with the Digital Media Zone at Ryerson University, is now an approved business incubator under the Government of Canada’s Startup Visa program. Ryerson says the startup visa program offers a new channel for the university to recruit top talent from around the world. Read More

 

FP Entrepreneur: Canadian Tech Firms Are Getting Funded, But Gaps Remain

February 9, 2015

Things are looking up for venture capital funding in the tech industry, but experts contend that some perennial problems still need solving. Fourth quarter figures released last week by the Canadian Venture Capital Association (CVCA) show the ICT sector scooped the largest share of venture capital funding in 2014, with $1.3 billion — up from $1.1 billion in 2013, which was a 19% increase from 2012. Life sciences netted the second largest amount at $423 million, followed by clean tech at $133 million. Read More

 

Forbes: How Angels Can Get The Best Deal Flow From Accelerators

February 6, 2015

Some amazing companies like Airbnb, Dropbox and SendGrid got their start in business accelerators. Even better, they brought great returns and a fun ride to their investors. So what are the best ways for Angels to leverage and support accelerators so they can find great startups like these? Read More

 

Betakit: Futurpreneur Canada and Propel ICT Team up to Support Entrepreneurs in Atlantic Canada

February 2, 2015

Toronto’s Futurpreneur Canada, formerly the Canadian Youth Business Foundation (CYBF), has announced its teamed up with Propel ICT, a mentorship based “accelerator” based in Moncton to provide financing and support to young entrepreneurs in Atlantic Canada. The goal of the partnership is to assist early stage companies by giving them a chance to receive up to $15,000 in financing from Futurpreneur Canada, and also educational support from Propel ICT’s program. Read More

 

January 2015

Pando: Three Roles That Every Investor Should Play

January 25, 2015

Three roles that every investor should play What’s the right role for an investor to play with their portfolio? Should he or she be the biggest cheerleader, the toughest critic, or just have the deepest pockets? As someone who is still relatively early in his investing career, I often think about what qualities set a successful investor relationship apart from the rest. Good investing and strong relationships don’t just happen. Like in a marriage, you have to work every day on making the relationship better and more productive for all involved. Read More

 

Futurpreneur Canada: Help Us Find the 2015 Mentor of the Year!

January 22, 2015

The BDC Mentorship Award Presented by Futurpreneur Canada will honour a Canadian business mentor credited by their mentees and peers for having provided valuable advice and support. Through a significant commitment of time and effort, the BDC Mentorship Award winner will have contributed to the creation and growth of Canadian companies by building their mentees’ professional skills and abilities. Nominations for the 2015 BDC Mentorship Award Presented by Futurpreneur Canada are now open. Read More

 

Inc: The Five Types of Angel Investors

January 22, 2015

I have been on both sides of the Angel Investment table. I have been an investor in several companies and I have used Angel financing to start companies. I get a lot of questions from first time entrepreneurs about where to find Angel Investors. I’m not talking about Angel Funds, where a group of Angels pool their money to make investments. These groups are often a fine bridge between independent Angel Investors and Venture Capital Funds. For the purposes of this article, I’m referring to individual Angel Investors that are often the only source of financing to startup entrepreneurs. Read More

 

Press Release: Government of Canada Supports Innovative Technologies in Ottawa

January 22, 2015

Two Ottawa companies will accelerate the development of their software technologies and access new markets, thanks to investments of up to $1.25 million announced today by the Honourable Gordon O’Connor, Member of Parliament for Carleton-Mississippi Mills. FedDev Ontario’s support of up to $750,000 for AppZero Software Corporation will allow further development and commercialization of its automated computer application migration software. With the support for Windows Server 2003 reaching its end in July 2015, this investment will help AppZero meet the increased demand its partners are generating. AppZero partners include AWS, Dell Services, IBM, HP and Microsoft. Read More

 

Yahoo Finance: N100 Offers Startups the Chance to Compete for $100,000 in Early-Stage Investment

January 21, 2015

The annual $100,000 N100 Startup Competition is entering its third year once again challenging entrepreneurs to compete for real equity. “What distinguishes our startup competition from others is that the $100,000 is an investment,” said Wendy Curtis, Executive Director of Northumberland CFDC, the organization running N100. “Our competition is geared to help startups get onto a solid venture capital track and to position them for follow-on investment.” Read More

 

MacLean’s: Angel Investing Was Always Male-Dominated. That’s Finally Changing

January 19, 2015

Back in 2001, at an Angel-investing conference in Toronto—a gathering of wealthy individuals who provide early-stage funding to start-up businesses, hence the divine moniker—Coralie Lalonde was an unusual sight. As the precocious mid-thirties founder and CEO of Angel-investment group Katsura Investments, she was among peers. But as the event went on, she looked around the room and began to count. “I went, ‘Wait a second, am I the only girl here?’ ” she says. Read More

 

LinkedIn: Should You Be An Angel Investor?

January 15, 2015

Angel investing is hugely appealing to many people because it has the promise of mind-boggling returns. There are a ton of stories about people putting $10,000 or $25,000 into a startup and getting back millions — even tens of millions — of dollars. There stories are not false, but they are obvious edge cases. What are your chances of investing in a Unicorn?Read More

 

Small Business Trends: What are the Fastest Ways to Scare Away Angel Investors?

January 13, 2015

Pitching an idea to potential investors can be a tricky game. You need to find a way to showcase your idea and its potential for profit in the best light possible. But you also need to give enough accurate information to make investors feel comfortable investing in your idea. Read More

 

The Globe and Mail: How to Find the Perfect Business Partner

January 12, 2015

When entrepreneur Brian Scudamore went looking for a business partner three years ago he gathered his LinkedIn contact list and fired off a mass e-mail describing his perfect match. He received a number of suggestions, including three people in three different parts of North America who recommended one guy: Erik Church. After 14 months and interviews with about 75 candidates, Mr. Scudamore picked Mr. Church to be president and chief operating officer of O2E Brands, the company that oversees his three franchise companies: 1-800-GOT-JUNK, Wow 1 Day Painting, and You Move Me. Read More

 

FP Startups: Why You Should Resolve to Fail Early and Often This Year

January 11, 2015

Here’s an unusual challenge for Canadian entrepreneurs in the year ahead: fail.

Rather than wait for the ideal moment, product or investment, bring your product to market now, even if it’s still in beta. Test the waters sooner rather than later, crash and burn (ideally, on the cheap) if you have to, learn what went wrong and repeat — over and over again. This unconventional strategy, which I wish I could take credit for, is part of what’s become known as lean startup philosophy, a concept first shared by Silicon Valley entrepreneur Eric Ries in 2008 and expanded on in his 2011 best seller The Lean Startup. Read More

 

Entrepreneur: How Smart Startups Survive Investor Due Diligence

January 9, 2015

For the elite startups and entrepreneurs who manage to attract the investor they dream of and survive the term sheet negotiation, there is still one more hurdle before the money is in the bank. This is the mysterious and dreaded due diligence process, which can kill the whole deal. In reality, it is nothing more than a final integrity check on all aspects of the business and the team. Read More

 

December 2014

Forbes: Ding! Tips To Earn Your Angel Board Member ‘Wings’

December 29, 2014

“Every time a bell rings, an angel gets his wings.” We all remember this saying from “It’s a Wonderful Life.” It’s a powerful image for how we earn just rewards when we apprentice well and learn how to help each other. Like the mythical Angel in the movie, Angel investors need to put in their time and seek out proper training to become full-fledged, high impact Angels—especially when sitting on a startup board of directors. Having the right Angel on a board can be the difference between a startup’s success and failure, and by extension, the success or failure of an Angel investment. Read More

 

The Chronicle Herald: Brushes with Death Fuel Ross Finlay’s Contribution

December 16, 2014

Something you don’t want to overhear when you come to in the emergency room after a motorcycle accident: one ER doctor whispering to another, “How is this guy even alive?” Ross Finlay, co-founder of the First Angel Network Association, knew by the excruciating pain that something was wrong. After all, on Aug. 23, he was heading south along Highway 311 from Tatamagouche to Truro. Driving within the speed limit around a turn, his Honda Gold Wing hit some gravel from a nearby driveway. I’ll leave it to Finlay, 63, to describe what happened next: “I was thrown over a six-foot culvert into a ditch filled in with rocks as our department of infrastructure tends to do,” he recalled over a lunchtime cranberry and soda the other day. Read More

 

IT Business: The 5W’s of Angel Investors: Everything You Wanted To Know About What These Investors Do

December 15, 2014

In the shadows of Bay Street, Canada’s established financial district, and communities across Canada, Canada’s newest entrepreneurs are feeling the impact of new funding. Partnering with innovators since early 2000 and looking for tomorrow’s next billion-dollar company, Angel Networks in Canada and members of Accredited Investors have invested personal funds and created further financing opportunities for these promising young founders. These accredited investors are usually people who are looking to give back to the community and help budding entrepreneurs achieve their goals, with an expectation for a positive return on investment. Read More

 

MI6: Interview with Boriss Mann, Managing Partner at Full Stack

December 13, 2014

Here’s my fifteenth interview with Boris Mann, Managing Partner at Full Stack, a “napkin capital investment firm” located in Vancouver, Canada. Boris is also the Co-founder/advisor at CommandWear. Read More

 

November 2014

GEW 2014: A Quick Recap”

November 25, 2014

Global Entrepreneurship Week officially came to a close on Sunday, wrapping up what promises to be its biggest year yet. Now celebrated in 150 countries by millions of participants through more than 25,000 events and competitions, Global Entrepreneurship Week is the pump fueling an emerging network dedicated to helping entrepreneurs start and scale new businesses. From the opening ceremony in Athens, Greece, to the official closing at the Startup Nations Summit in Seoul, Korea, GEW provided something for everyone. Inspirational speeches from successful entrepreneurs to encourage future founders. Read More

 

Global News: Saskatoon Businesses “Touched By An Angel”

November 21, 2014

It’s as easy as a quick swipe and you’ve paid. Daniel McCann’s mobile payment system appears easy for customers and the vendor. But the vision behind NetSecure wasn’t always so clear. “I looked down at my keyboard and thought, ‘Jeez, why can’t somebody swipe their credit card at their computer?’ ” McCann said. “That was kind of my ‘A-ha’ moment.” Now it’s a multi-million dollar company. In 2007, McCann needed a lot of help. “You’ve got to hire developers, hire engineers, do a lot of work and then buy your inventory. It takes millions of dollars, frankly, which I did not have,” said McCann. Read More

 

The Telegram: Local Business Angel Encourages Entrepreneurs to Spread Wings

November 19, 2014

It seems every day has a title to it and today is no different. Today is titled Global Business Angel Day (GBAD) and one of the province’s business Angels is encouraging young companies to meet with the province’s Angel network. Charlie Oliver, CEO of Martek, is part of the local Angel network. “We have had many young companies, with some great young entrepreneurs who came to us, received focused mentoring and took alternate courses in their business development. Others were in need of debt and not equity input. Some of these we engaged in business with, others we referred to more appropriate sources,” Oliver said in a news release. Read More

 

The Chronicle Herald: Investment Network to Work with U.S. Group

November 19, 2014

A regional Angel network based in Halifax is joining forces with a North Carolina counterpart to create cross-border investment opportunities. First Angel Network announced a partnership Wednesday with Wilmington Investor Network. The groups will share each other’s investment pipelines, giving fledgling companies more access to capital. “I’m just looking forward to making the most out of this; I think there’s some great potential,” Ross Finlay, First Angel co-founder and director, said in an interview. “Every Angel group is looking for enhanced deal flow and also opportunities to co-invest.” Finlay said this is the first formal cross-border alliance between Angel groups that he’s aware of. Read More

 

The Telegram: Local Business Angel Encourages Entrepreneurs to Spread Wings

November 19, 2014

It seems every day has a title to it and today is no different. Today is titled Global Business Angel Day (GBAD) and one of the province’s business angels is encouraging young companies to meet with the province’s angel network. A business angel is someone who gets involved with entrepreneurs or young businesses through financial backing and advice. Charlie Oliver, CEO of Martek, is part of the local angel network. Read More

Forbes: Angels Among Us – Huge Impact on Main Street and Growing Global Reach

November 19, 2014

Thursday, November 20 the important role Angel investors play in helping startups grow is being celebrated as part of the first ever Global Business Angels Day, part of Global Entrepreneurship Week. Angels are often a hidden hero of the startup and innovation economy – so it is important to unveil and celebrate the important contributions Angels make. The measuring stick of any good Angel is financial return on their investment portfolio – but it is amazing how many angel investors I talk to are also excited about other non-financial returns. The thing I hear the most about is helping create jobs and innovation in their communities. Read More

 

Crain’s New York Business: Angel Investor’s Halo Effect

November 18, 2014

It’s a general rule in the startup world that there is no such thing as a full-time Angel investor. And if there is an exception, it’s likely to be David S. Rose, founder and chairman emeritus of New York Angels and managing principal of seed-stage firm Rose Tech Ventures. A scion of the Rose real estate family, Mr. Rose, 57, has invested in more than 100 companies, has a current portfolio of about 50 and is active as a board member or adviser in about a dozen. He also runs Area, which stands for “a real estate accelerator,” is founder and chief executive of Gust, the widely used Angel-investment platform, and is the author of the recently published guide Angel Investing. Read More

 

IT Business Net: Slush Kicks Off Today With More Than 13,000 Attendees from 79 Countries

November 18, 2014

Slush, one of the leading startup and technology events in the world, kicks off today with more than 13,000 attendees from 79 countries. The two-day event held in Helsinki, Finland brings together more than 3,600 companies from around the world, one third of which are startups with less than 50 employees. Largest countries by attendance are Sweden, Estonia, Russia, China, Germany and the UK. Read More

 

Technology for Doctors Online: Urgent Need of MD Guidance to Steer Investment in Healthcare

November 17, 2014

Angel investors are often the first to provide nurturing funds to fledgling companies struggling to get off the ground. Investment in healthcare start-ups is rising, but more participation by doctors who understand life sciences is needed to triage the best ideas that will have a real impact in improving healthcare. In this Q&A, Yuri Navarro (pictured), executive director of the National Angel Capital Organization (NACO Canada) headquartered at the MaRS Centre in Toronto, explains how angel investment works and why the healthcare sector urgently needs guidance by doctors to steer investment in this area. Read More

 

Fortune: A Disruptor Shakes Up Angel Investing

November 13, 2014

By connecting institutions with the earliest-stage startups, AngelList is upending the system. One recent evening a group of institutional money managers was ushered into a backroom at San Francisco brasserie the Cavalier via an unmarked secret entrance that most customers would mistake for an emergency fire exit. Their host was Naval Ravikant, a wildly successful Angel investor—Uber, Twitter, etc.—and serial entrepreneur who wanted to pitch them on his latest venture. Not by asking them to invest in it, but by asking them to invest through it. If enough of the money managers take him up on the offer, it could usher in an era of radical disruption in the world of Angel investing. Read More

 

Financial Post: Women Angels Wanted

November 3, 2014

Angel investor Michelle Scarborough isn’t phased by being the only woman in the board room, but she’d like to see more women taking a seat at the table. Ms. Scarborough, a serial entrepreneur, co-chair of the National Angel Capital Organization (NACO) and partner in the Calgary venture capital firm Fronterra Ventures, has been making Angel investments since her late 20s. That makes her an anomaly — there are no statistics about Canadian Angels, but according to the U.S. Center for Venture Research, only about one in five U.S. Angel investors is a woman. Ms. Scarborough is trying to change that. She founded Calgary’s Women Angel Network and moderated a panel on women and Angel investing at the annual NACO summit in Quebec City earlier this month.Read More

 

October 2014

AITF News Room: Alberta – the Best Investment in Canada

October 30, 2014

When AITF’s Investments and Transactions team hits the road to share good news about Alberta’s thriving business environment, they aren’t just telling people that the province is open for business. They’re also letting people know that Alberta is the place to invest in Canada. A recent report from the Canadian Federation of Independent Businesses (CFIB) supports this claim. According to the CFIB, Edmonton and its surrounding Capital Region are among the best places in Canada to be an entrepreneur. Edmonton and Calgary were also the only places where both the city core and the surrounding areas ranked in the top 10. Calgary ranked 9th and the region around the city placed first, while Edmonton placed 7th and the Capital Region placed 2nd.Read More

 

MLA48 News Room: Maple Leaf Angels Announce MLA48, Canada’s First Angel Investment Fund

October 30, 2014

Maple Leaf Angels Corporation, is pleased to announce the creation of Maple Leaf Angels Capital Corporation and the launch of a limited partnership, known as MLA48; Canada’s first Angel investment fund that commits to make investment decisions within 48 hours. The Fund will provide a new and innovative way for promising young companies in the information, communication and entertainment sector in southern Ontario to obtain early stage financing. MLA48 will offer companies coaching and mentorship, networking opportunities, and access to follow-on funding from the Maple Leaf Angels network. Read More

 

Anges Quebec News Room: Angels Help Chronogolf Gain Ground with a $300K Investment

October 28, 2014

Eleven members of Anges Québec have invested $300 K in Chronogolf, whose integrated solution could give new momentum to the golf industry by improving the interaction between players and course directors. The Chronogolf Pro Cloud software, developed by a young Quebec company, follows the consumption habits of players and offers a customized experience that increases customer traffic, while facilitating management operations. The chronogolf.com website, which lists 1200 golf courses across Canada, is also an integral part of the solution designed and implemented by the company. Read More

 

Forbes: Top 30 Traits Of Successful Angels — How Many Do You Have?

October 23, 2014

Dave Berkus is one of the most successful angels I know. He has made 108 investments in early-stage companies and has an IRR of 97%. Dave is a special case – he is a top speaker, expert in corporate governance, and has a valuation methodology named after him – even so, are there insights smart angels can pick up from this Los Angeles-based investor? What is it about Dave that makes him that good? More to the point–are there traits we can emulate from successful angels like him? Read More

 

BDC Newsroom: 9 Steps to Finding Angel Investors for your Business

October 20, 2014

Angel investors are wealthy, experienced businesspeople who invest their time and money in your high-growth business in exchange for equity. “There are anywhere from 20,000 to 50,000 Angel investors in Canada,” says Yuri Navarro, Executive Director of the National Angel Capital Organization (NACO). “Beside the visible community, there are many who invest, but who don’t advertise it.” Angels are often the first ones to invest in early-stage businesses and that carries a lot of weight in the eyes of future investors. “It’s a vote of confidence that can help attract venture capital funding,” says Dominique Bélanger, Vice President, Strategic Investments and Partnerships at BDC Capital. Navarro and Bélanger offered tips to keep in mind to increase your chances of finding Angel investors and persuading them to fund your company. Read More

 

The Globe and Mail: Visa Program Opens Doors to Overseas Talent

October 15, 2014

When Ukrainian-born entrepreneurs Stanislav Korsei and Oleksandr Zadorozhnyi decided to uproot their lives and move to Canada last fall in search of a better business environment, they didn’t imagine how well it would go – at least not so quickly. In July, the duo behind Zeetl, which provides technology to enable voice conversations on social media, became the first recipients of Canada’s new Start-Up Visa program, which provides permanent residency to immigrant entrepreneurs and their families. Read More

 

Startup Community: The Film

October 13, 2014

Startup Community is a film about what makes the Kitchener-Waterloo Region different. It was funded on Indiegogo by the community, for the community. Watch Movie

 

BNN: Angel Investor Pumps Millions into Fledging Tech Firms

October 10, 2014

Tech investor Randall Howard has pumped millions into the Canadian tech sector — giving fledging tech firms a fighting chance against the giants. Howard has been honoured Canadian Angel of the Year by The National Angel Capital Organization. Watch Video

 

Forbes: Women Angels: Tapping Into a Serious Investment Source

October 8, 2014

In the last decade, I’ve had the pleasure of watching the ranks of women angels more than double. The growth of women in the field is great because it’s having a ripple effect – in terms of more individual investors, more angel dollars and more support of entrepreneurs. Women angel investors are also earning serious cred from other investors. So how did this happen? And more importantly, how do we keep it going? Read more

 

Financial Post: “The Money is Out There”: How to Craft Your Pitch for Angel Investors

October 6, 2014

According to the National Angel Capital Organization, 29 angel groups across Canada invested $89-million in 199 startup businesses last year. That’s up 120% from 2012 when $40.5-million was invested. Karen Grant, executive director of the Angel One Investor Network in Oakville, Ont., has seen a strong uptake on good quality applications firsthand. “The money is out there. Not only are the number of investments going up year over, but the round size is also increasing,” she says. “Investors are putting more money in year over year. The right companies are getting the funding they need.” Read more

 

Financial Post: Clean Tech Portal Links Firms to Multiple Funding Sources

October 6, 2014

A new clean technology funding portal could give businesses in the sector the edge they need to tap into the coffers of the portal’s industry partner — Sustainable Development Technology Canada, a tough-to-crack, government-backed foundation. “On clean tech, we felt the biggest and most important player is really SDTC because it absolutely dominates the financing landscape,” said Teri Kirk, chief executive of the Funding Portal, a searchable database that matches organizations to more than 7,000 private and public funding sources. Read more

 

Winnipeg Free Press: Permission Click Wins Award

October 3, 2014

Winnipeg’s Permission Click won the Most Promising Startup of the Year at the annual National Angel Capital Organization summit this week in Quebec City. Chris Johnson, the CEO of the Winnipeg startup, beat out 14 other startups for the prestigious award sponsored by KPMG after two days of pitching and a final five-pitch competition. Johnson said it was a gruelling few days of work including having to hone down a 15-minute pitch to five minutes with only a couple of hours to pull it off. “This is the most significant thing to happen to Permission Click,” he said. Read more

 

Techvibes: Permission Click Named Most Promising Startup of the Year at NACO

October 3, 2014

Permission Click is the winner of the Most Promising Startup of the Year at the annual NACO Summit. The Winnipeg startup beat out 14 other startups for the award after two days of pitching and a final-five pitch competition. Permission Click is a digital permission slip and payment collection for schools. Schools can build, send and collect permission slips and fees from parents in seconds on any device, anywhere. Permission Click can deploy into a school in less than five minutes without the need for IT support from districts. Read more

 

Techvibes: Randall Howard Named Canadian Angel of the Year by NACO and BDC Capital

October 3, 2014

NACO, the National champion of Canada’s angel investing community, announced today, the winner of the Canadian Angel of the Year Award. The award, presented by BDC Capital during the annual NACO Summit, is each year given to “an experienced angel investor who has made a significant contribution to the development of the Canadian Angel ecosystem.” The winner of the Canadian Angel of the Year Award, Randall Howard, a senior serial technology executive, was selected among four nominees who were evaluated by an independent panel of judges. Read more

 

Betakit: Randall Howard Receives the “Canadian Angel of the Year” Award

October 3, 2014

NACO, the National champion of Canada’s angel investing community, and BDC announced the winner of the “Canadian Angel of the Year Award” was given to Randall Howard. This prestigious award is given to a Canadian who made a “significant contribution” to the development of the Canadian Angel ecosystem between June 1, 2012 and May 30, 2014. Randall Howard, is described as “a senior serial technology executive,” is a partner in Verdexus and CEO of Middlebrook Corp. Howard has invested and mentored over 20 early-stage companies, mainly in Waterloo. Read more

 

Randall Howard: Canadian Angel of the Year Award

October 3, 2014

At the NACO Summit in Québec City, it was truly humbling to receive the Canadian Angel of the Year Award. I see this partly as a calling to be an ambassador to continue to help raise the Angel bar in Canada in the coming years. I wish to thank all those kind colleagues who, unbeknownst to me, wrote letters of nomination. Also, this is all based on the remarkable people at GTAN and in the Waterloo and Canadian ecosystem generally. In response to the award, and recognizing the opportunity to build on current success, I shared the following observations and future challenges at the closing Keynote on Friday 3 October, 2014. Read more

 

Start-Up Winnipeg: Manitoba’s Permission Click Wins Most Promising Startup of the Year, presented by KPMG Enterprise at the NACO Summit

October 3, 2014

The Winnipeg, MB startup beat out 14 other startups for the prestigious award after two days of pitching and a final five pitch competition. The judging panel was made up of Angels and early-stage VC’s. “NACO put together an incredible field of startups to compete for this award that we were honoured to be included in. Coming away with the title considering that field and the truly world-class judging panel is the kind of thing I suspect we’ll look back at years from now and say ‘that event was an acceleration point’.” Chris Johnson, CEO of Permission Click. Read more

 

CBC – The Exchange with Amanda Lang: Investors Back ‘Startup’ Immigration Visa

October 2, 2014

Yuri Navarro of the National Angel Capital Organization on a pilot program for a new visa to lure entrepreneurs to Canada. Watch video

 

Waterloo Region Record: Tech investor Randall Howard is Angel of the Year

October 2, 2014

Angel investor Randall Howard was honoured Thursday night with a national award for his work with a local group of investors who have pumped millions into technology startups in Waterloo Region. The National Angel Capital Organization presented Howard with the BDC Capital Canadian Angel of the Year Award in Montreal for his work with the Golden Triangle Angel Network. Read more

 

Techvibes: 200 Canadian Angels Descend on Quebec City for Summit, Angel of Year to be Revealed

October 2, 2014

More than 200 Angels from across Canada gathered in Quebec City for the National Angel Summit this week. The National Angel Capital Organization is holding the largest gathering of Canadian Angel Investors. The three-day summit is focusing on a range of topics highlighting the theme of accelerating the Angel Asset Class. One of the goals of the Summit, organizers say, is to discuss the standardization of Angel Investing documents. Read more

 

Yahoo Finance Canada: Randall Howard named Canadian Angel of the Year

October 2, 2014

NACO’s Canadian Angel of the Year Award, presented by BDC Capital has been awarded to Randall Howard. Awarded at the NACO National Angel Summit, it’s presented to an investor who’s made a significant contribution to Canada’s Angel ecosystem. Read more

 

September 2014

The Leader-Post: OneStory Among Many Stories to be Told at Investors Summit

September 12, 2014

Katrina German never thought she would grow a tech company. “It’s been wild,” she said. “It’s like having two full-time jobs everyday.” German, who was once producing and filming biographies, started Saskatoon-based OneStory, a crowdsourced platform developed to create and share video interviews, or “stories.” Her company was selected to attend the National Angels Summit, a three-day event for investors to check out Canada’s up and coming businesses. Beginning Oct. 1 in Quebec City, OneStory will be one of 15 Canadian startups invited to the event, pitching its business model to a crowd of more than 200 investors. The winner is named Canada’s most promising startup. Read more

 

Techvibes: The 15 Companies Competing to Win Most Promising Startup of Year Award

September 2, 2014

NACO’s annual Pitch Competition celebrates dynamic early-stage companies that have demonstrated successful growth, and whose outstanding achievements have made them some of Canada’s most promising startups. 15 semi-finalists will vie today to be one of the five finalists to pitch on stage to over 200 Angel investors, venture capitalists and industry leaders. “We have an exciting group of startups pitching at this years competition,” says Yuri Navarro, Executive Director of the National Angel Capital Organization. Read more

 

August 2014

SDTC News Room: Government of Canada and Canadian Gas Association to Create New SD Natural Gas Fund

August 25, 2014

The Government of Canada, Sustainable Development Technology Canada (SDTC) and the Canadian Gas Association today announced the intention to create the SD Natural Gas Fund™, which will support the development and demonstration of new downstream natural gas technologies. Under the proposed agreement, the SD Natural Gas Fund will bring together contributions from Canadian Gas Association members through their Energy Technology Innovation Canada Initiative to match contributions from SDTC’s SD Tech Fund™, up to a combined total of $30 million over three years. Read more

 

May 2014

Innovation Cluster Media Room: Angels Invest $89M Into Canadian Start-ups

May 28, 2014

According to a new report released this week by one of the Greater Peterborough Innovation Cluster’s Industry Partners, the National Angel Capital Organization (NACO), Angel groups invested $89 million in 2013, a 120% growth from the $40.5 million invested in 2012. NACO’s “2013 Report on Angel Investing Activity in Canada: Accelerating the Asset Class” is the fourth of its kind. This year’s report captures more data and provides deeper insights into the activity of the early stage risk capital market. In addition to analysis on the practices and investments of Canada’s leading Angel groups, it also contains information about Canada’s emerging business accelerators – an increasingly important part of the start-up ecosystem. Read more

 

Techvibes: A Map of Where Canada’s Angel Groups are Located and How Much They Invest

May 27, 2014

A report entitled “Angel Investing Activity in Canada: Accelerating the Asset Class” produced by the National Angel Capital Organization has mapped out Canada’s Angel investment groups, revealing where they’re located and how much each regions invests. Central Canada is the obvious hub, accounting for 68% of all investments and 78% of the dollar value of all investments made in 2013. Western Canada picks up the rest, while Eastern Canada’s presence is virtually non-existent. Read more

 

PE Hub: Angels Invest $89 Million in Canadian Innovative Companies in 2013

May 27, 2014

Canadian Angel groups invested a total of $89 million in early-stage companies last year. That is according to a new report published by the National Angel Capital Organization in partnership with the Canadian government, KPMG Enterprise and BDC Venture Capital. The 29 groups that participated in the study, representing more than 2,100 individual investors, were engaged in 199 deals in 2013. Angel funds were focused on information technology sectors, which took around $29 million invested, as well as life sciences and clean technology. The report also found that startups sponsored by Canadian accelerators last year captured more than $31 million from Angel investors, venture capitalists and government sources. Read more

 

Techvibes: The Five Biggest and Most Active Angel Investing Groups in Canada

May 26, 2014

A report entitled “Angel Investing Activity in Canada: Accelerating the Asset Class” produced by the National Angel Capital Organization has revealed Canada’s most active Angel investing groups.Read more

 

Now Digital Network: Angel Groups in Canada Invested Over $89 Million in 2013

May 26, 2014

Angel investors in Canada collectively invested over $89 million in Canada in 2013, with groups in Central Canada investing the bulk ($70 million) of that money. Meanwhile, Canadian accelerator programs reported attracting more than $31.1 million in Angel money, venture capital (VC) and government funding. The new data comes from the National Angel Capital Organization’s (NACO) report entitled “2013 Report on Angel Investing Activity in Canada: Accelerating the Asset Class”.Read more

 

ITCanada Online: Canadian Angel Investors Put $89M into Startups in 2013, NACO says

May 26, 2014

Canadian Angel investors have poured about $89 million into startups this year, more than twice what was recorded in 2012, according to a new survey from the National Angel Capital Organization (NACO). In an annual report detailing Angel investments made in 2013, NACO found 29 Angel groups had made 199 investments, while representing more than 2,100 investors. The sectors that received the most funding included information and communication technology (ICT), which garnered about $28.8 million, life sciences at $20.5 million, and clean technology, which netted $7.5 million. Read more

 

Techvibes: Angel Investing Groups Growing Presence Substantially in Canada, Report Reveals

May 26, 2014

In 2013, nearly 30 Angel groups made just under 200 investments totalling $89 million—more than double the amount invested by Angel groups in 2012. This is according to a report entitled Angel Investing Activity in Canada: Accelerating the Asset Class. Produced by the National Angel Capital Organization — with help from BDC Venture Capital, the government, and KPMG — the report delves deep into Canada’s Angel investing scene and reveals that there are more than 2,100 Angel investors across the country. Read more

 

Betakit: Angel Groups in Canada Invested Over $89 Million in 2013

May 26, 2014

Angel investors in Canada collectively invested over $89 million in Canada in 2013, with groups in Central Canada investing the bulk ($70 million) of that money. Meanwhile, Canadian accelerator programs reported attracting more than $31.1 million in Angel money, venture capital (VC) and government funding. The new data comes from the National Angel Capital Organization’s (NACO) report entitled “2013 Report on Angel Investing Activity in Canada: Accelerating the Asset Class”. Not all groups in Canada took part in the survey, which is important to remember: 29 of 33 Angel groups approached participated in the survey, while 12 of 18 accelerator programs approached participated. Nevertheless, the yearly survey can act as a barometer for how the nation’s investing economy is performing. Read more

 

Private Equity: Startups Banked $89M from Canadian Angel Investors in 2014

May 26, 2014

Following to the National Angel Capital Organization (NACO) new survey released, Canadian Angel investors have injected about $89 million into startups during 2014, more than twice what was recorded two year ago. Read more

 

HTX Media Room: NACO Canada Releases 2013 Report on Angel Investing Activity

May 26, 2014

The 2013 Report on Angel Investing Activity in Canada: Accelerating the Asset Class, the fourth of its kind, is released in partnership with the Government of Canada, KPMG Enterprise and BDC Venture Capital.Read more

 

Financial Post: Why This Newfoundland Angel Investor Doesn’t Buy Into Dragons’ Den Scare Tactics

May 25, 2014

Don’t draw any parallels between Angel investing and the antics on CBC’s Dragons’ Den when talking to Jo Mark Zurel. During pitch meetings held in his home-base of St. John’s, Nfld., he goes in leaning toward investing and supporting innovative entrepreneurs, the total opposite of the scare tactics and criticism seen on the popular Canadian reality show, he said. “It’s the dark side of Angel investing, where they really frighten entrepreneurs and they also frighten off investors because nobody wants to be part of that sort of thing… We go in with a bias to writing a cheque,” he said. Read more

 

The Record: Kitchener Tech Firm Lands $4.5-Million Funding Deal

May 24, 2014

A Kitchener company that provides technology for mobile newsgathering has secured $4.5 million in venture capital funding. Dejero says it will use the money from Toronto-based Best Funds to expand its sales and develop cutting-edge technology for the broadcasting industry. Dejero has developed technology that makes it possible for broadcasters to transmit live video from remote locations using mobile devices, including laptops, tablets and smartphones. Read more

 

Financial Post: Angel Investing Groups Across Canada Put More Money in Firms Under Their Wing Than in New Ventures

May 23, 2014

Investing activity among organized Angel groups in Canada fell roughly 15% in 2013 from the year before, while Angels were spending a larger proportion of their available funds on follow-on investments, a Canada-wide survey by the National Angel Capital Organization found. “There are a number of Angel groups that are starting now to focus on trying to get those exits,” said Yuri Navarro, executive director of NACO, an independent non-profit association that supports Angel groups. “Because they do now have a nice big pool of investments that their members have put [money] into already.” Read more

 

Betakit: Mobile News Gathering Platform Dejero Gets $4.5 Million from BEST Funds

May 23, 2014

Kitchener startup Dejero has raised $4.5 million in venture capital from BEST Funds. Dejero is an award-winning bonded wireless transmission innovator, or a startup that creates mobile, wireless solutions for news teams chasing live stories. The Dejero LIVE+ Platform allows both traditional and online broadcasters to transmit high-quality HD or SD live video from mobile devices, including professional-grade rugged transmitters, versatile camera-mounted units, laptops, tablets, and smartphones. The platform lets broadcasters increase their live and recorded video content in a reliable, easy-to-use, and cost-effective manner. Read more

Innovation Cluster Media Room: Innovation Cluster Launches New Program to Support Peterborough Entrepreneurs

May 23, 2014

At a Breakfast “networking and learning event” held Friday, May 23, 2014 at Trent University and titled “Developing the Next Generation of Innovators“, the Greater Peterborough Innovation Cluster launched a new program designed to aid the growth of Peterborough’s technology entrepreneurs. Hosted by the Innovation Cluster’s incubator, known as The Cube, the “Office Hours” program consists of free, private, one-on-one sessions for Peterborough’s entrepreneurs with the organization’s legal, financial, marketing, HR and digital media service provider partners.Read more

 

News Room: The Funding Portal Secures OSC Registration to Launch New Private Financing Service

May 13, 2014

The Funding Portal Inc. reported today that it has been registered by the Ontario Securities Commission (OSC) as an Exempt Market Dealer (EMD), establishing the company as Canada’s first comprehensive service for securing both government funding and private financing. Registrations with all other securities regulators across Canada are expected to be completed under the OSC Passport System next week. The Funding Portal is now the only service in Canada that assists companies to access financing from more than 4,500 government funding programs, and 2,500 sources of private financing, ranging from grants, contributions and tax incentives to accredited investors, venture capital, Angels, and bank financing – all via an online database that is verified and updated daily. Read more

 

Globe and Mail: Meet First ‘Ordinary Investor’ to Buy Stake in a Company Online

May 9, 2014

Calgary-based SeedUps Canada uses its website to connect early stage companies with potential investors, a process known as equity crowdfunding. Back in March, securities commissions in seven provinces announced proposed rules to regulate raising capital online. Crowdfunding, in a general sense, has been conducted in Canada to this point on portals such as Kickstarter and Indiegogo, which enable fundraising for businesses and projects in exchange for benefits rather than equity. Read more

 

Betakit: Waterloo Startups Voltera, Edusigh and Trendradius All Shine at GTAN|Start Competition

May 8, 2014

Three startups from Kitchener-Waterloo region have been awarded $5,000 after pitching their ideas at the GTAN|START Competition on May 2. Voltera, Edusight and TrendRadius all took home the healthy cash prizes. GTAN, or the “Golden Triangle Angel Network” is one of the most active Angel investment groups in Canada. It started five years ago and has invested more than $20 million dollars in 40 companies. […] “This was our most successful GTAN pitch event,” said GTAN President Rob Douglas. “The caliber of startups that are coming out of this community are truly impressive, and the judges had a difficult job.” Read more

 

The Motley Fool: An Interview with Angel Investor and Entrepreneur David S. Rose

May 7, 2014

Join The Motley Fool’s Brendan Byrnes for a conversation with David S. Rose, serial entrepreneur, super-Angel investor, and author of Angel Investing: The Gust Guide to Making Money and Having Fun Investing in Startups. An Inc. 500 CEO, Rose is founder and CEO of Gust — a global platform that allows entrepreneurs to collaborate with investors through all aspects of the investment relationship — as well as founder and chairman emeritus of the leading Angel investment group, New York Angels. Read more

 

TechCrunch: Top Hat Raises $10M Series B Round For Its Classroom Response System

May 6, 2014

Top Hat, the mobile and web-based classroom response and engagement tool, today announced that it has raised a $10 million series B led by Georgian Partners, with participation from Emergence Capital Partners, iNovia Capital, SoftTech VC, Version One Ventures and Golden Venture Partners. With the exception of Georgian, all of the other investors in this round also participated in Top Hat’s $8 million Series A in July 2012. Read more

 

The New York Times: Billions Not Required for Angel Investing

May 2, 2014

JUST about every major tech success — from Facebook to LinkedIn to Instagram — started with Angel investors taking a chance. These risk takers ended up being richly rewarded for their early investments, and no doubt they have inspired would-be Angels to search for the next big thing. Such success, though, is highly unlikely in the dicey business of Angel investing. Many investments go to zero, or they languish in a start-up that never really takes off or attracts buyers. It’s no wonder people brag so fulsomely about the winners. Read more

 

April 2014

Inc Magazine: David Rose – What Angel Investors Look For in a Startup

April 29, 2014

Every year, Angel investors invest more than $20 billion into U.S. startups. Recently Angel investing has moved even further into the mainstream, spurred in part by the popularity of the hit TV show Shark Tank. Yet details on the types of ventures Angels fund and how they do so remain relatively unknown. To cast light on the subject, David Rose, founder of the New York Angels investing group and CEO of investment firm Gust, has written a book, Angel Investing, that was released this week. Inc. spoke with Rose about the role Angel investors play in the startup world and how entrepreneurs can get investments. Read more

 

Betakit: Extreme Startups Alum Shoebox Raises $1.2 Million from BDC

April 28, 2014

Former Extreme Startups alumnus Shoebox has raised $1.2 million in venture capital from the Business Development Bank of Canada (BDC) Venture Capital. Darrell Etherington broke the story earlier today and revealed that the company has dropped the “My” from its name, introducing some crucial new features via updates to its range of apps. Founded in March 2012, Shoebox is a service that provides unlimited online photo backup. It scans a user’s entire offline photo collection, uploads it to cloud storage and applies organization algorithms to automatically categorize pics and provide different ways of viewing them. Read more

 

OCE Newsroom: OCE Delivering Four New Programs for Young Ontarians

April 28, 2014

Ontario Centres of Excellence (OCE) will deliver four new programs on behalf of the Ontario government that mark a significant investment in young entrepreneurs and job creation. “This is a significant step forward in the evolution of Ontario’s entrepreneurship and innovation ecosystem,” said OCE president and CEO Dr. Tom Corr at the program launch in London on April 24. “Together, these programs represent an investment in Ontario’s students and young entrepreneurs that will equip them with the skills, experience and support they need to succeed.” Read more

 

PE Hub: BDC’s Jérôme Nycz Talks About a New Approach to Venture Capital

April 28, 2014

The Business Development Bank of Canada (BDC) embarked three years ago on a new venture capital strategy that has placed it at the centre of many key trends now taking place in the Canadian market — the introduction of VCAP, improving fund-raising conditions, growth in Angel and accelerator communities, and the emergence of more high-growth startups. Jérôme Nycz is BDC’s executive vice-president of subordinate financing and venture capital. Last week, Jérôme gave a speech to the Research Money Conference about the rapidly changing face of the Canadian VC landscape, and the role that the new BDC is playing in this regard. Read more

 

The Chronicle Herald: Biomedical Firm Aims for $1M Goal

April 28, 2014

Halifax medical device company ABK Biomedical is raising about $1 million in equity financing to help get its product on the European market in about a year. While it’s secured about half the total from the First Angel Network, or FAN, it’s also working with the local investment group to engage with other Angel networks in Canada and the U.S. Read more

 

Funding Portal Newsroom: Angel Funding More Than Doubles in 2013

April 27, 2014

Angel groups invested $89 million in 2013, a 120% growth from the $40.5 million invested in 2012, according to a new report released Monday by the National Angel Capital Organization (NACO).The report is based on a survey of 29 Angel groups representing 2,100 investors across the country. Together, these groups participated in a total of 199 investments in 2013. It is important to note, however, that these numbers include only reported Angel group investments; an important portion of Angel investing remains invisible in Canada. Read more

 

Anges Quebec Newsroom: Four Angels Are Tempted by Corfias Fine Chocolates and Invest $575K

April 22, 2014

Artisan chocolate maker Corfias has watered the mouths of four members of Anges Québec, including Maxime Detraux and Bernard Giguère, who invested a total of $575 K in the promising Boucherville-based company, which offers a range of premium fine chocolates across Canada. Lionel Corfias, the chocolatier’s founder and CEO, said: “Corfias started with nothing, and in just seven years it has become a key player in the manufacturing and distribution of premium chocolates across Canada. This investment by members of Anges Québec will enable us to increase our production capacity, accelerate marketing, consolidate our sales force and leverage the full potential of our brand.” Read more

 

Techvibes: ‘Traction Trumps Everything,’ Says GrowLab’s Jonathan Bixby at Startup Grind

April 15, 2014

Bixby’s main message was not his intended one. His initial positioning of the talk as an exploration of the roles that luck and timing play in determining a career proved half-true. The topics did come up sporadically through the interview. He portrayed his beginnings as ignoble—an attempt at a university education was derailed, at least in part, due to his fondness for The Dukes of Hazzard. Entrepreneurship was chosen when he was 23 out of youthful indignation more than anything else. Luck was established as the force that wound up guiding him to life in Vancouver. But it was his deviations from that plan that lead to valuable information for his audience. Read more

 

Press Release: GreenAngel Energy Appoints New Directors

April 15, 2014

GreenAngel Energy Corp. (“GreenAngel”) (TSX VENTURE:GAE) is pleased to announce that it has appointed two new directors to its board, Ms. Thealzel Lee and Mr. Mike Walkinshaw. Thealzel Lee has over 30 years in leadership, organizational and entrepreneurial roles as a business and marketing strategist and as a retail franchise owner. Mike Walkinshaw is a 17 year veteran of clean energy technology in Canada having spent the last 13 years in energy technology venture capital. Read more

 

Ottawa Business Journal: Capital Angels Invested Over $4M in 10 Local Companies Last Year

April 14, 2014

Members of local investment group Capital Angel Network invested over $4 million in 10 Ottawa-region companies last year, the organization said in its yearly report. The investments led to an additional $5.5 million in government matching funds, said Parm Gill, the organization’s executive director, in a press release. “This is a small part of the value chain which the Capital Angel Network offers to its members and to entrepreneurs,” he said. Read more

 

BetaKit: [Video]: Frank & Oak Cofounder Talks About the Jump From Employee to Entrepreneur

April 11, 2014

Frank & Oak cofounder Hicham Ratnani recently gave a talk at a free Founder Institute startup event, and the entrepreneur training & startup launch program is sharing it with the world. In the video below, Ratnani spoke about his time working for Deloitte professinal services firm, where his job entailed working with startups. He spoke about having a desire to make the jump “from the stands onto the field”, which later took the form of Frank & Oak, the successful Canadian men’s fashion brand that recently hit 1 million members. Read more

Mindfirst Inc: Remembering Jim Flaherty at Angel Investor Summit 2002

April 11, 2014

It is with great sadness that we learned today of the sudden passing of Canada’s former Finance Minister, Jim Flaherty. Many friends and associates of Mindfirst Inc. will remember his jovial nature and passionate speech when he attended the second annual Angel Investor Summit in 2002 organized by Mindfirst President, Henry Vehovec. It was during that summit that we launched the National Angel Organization (NAO) that has become today’s National Angel Capital Organization. We extend our sympathies and condolences to the Flaherty family. We can take comfort in the great good that lives on in the work he supported and inspired. Read more

 

Anges Quebec Newsroom: Angels and the Anges Québec Capital Fund Play the Game by Investing Over $1.2M in GameBrotherZ

April 10, 2014

13 members of Anges Québec and the Anges Québec Capital Fund are playing the GameBrotherZ game by investing $1.2 M in the young Quebec company, which has created and popularized innovative board games that are both recreational and educational, such as Spuzzle, Mister Mailman and Boo!, distributed internationally and translated into 23 languages. The Angels, including Maxime Detraux, invested a total of $750 K while the Fund injected $500K. Read more

 

CBC Radio – The Current: Kickstarter Meets Bay Street; Selling Shares Through Crowdfunding

April 10, 2014

Online pleas to crowdfund money comes from thousands looking to make a film or start a business. Now, seven Canadian securities commissions want to take that idea, to let companies sell shares to potential investors through crowdfunding portals. NACO Director Sandi Gilbert discusses the topic. Listen

 

Wharton University of Pennsylvania: The Next Generation Model for the Investor-Startup Ecosystem

April 8, 2014

These days, technology start-ups want more than just a check from venture capital backers and other investors. They are increasingly looking for operational help and industry expertise as well, a recent survey of Wharton alumni in the San Francisco area shows. In a marked departure from the dot-com era of the 1990s, these companies also put more value on market know-how and connections over snagging a high valuation or a venture capitalist with a marquee name, according to a November 2013 survey of 126 mostly senior tech executives or managers who work at young companies. Read more

 

Financial Post: Angel’s Motivation Is To Fix Niagara’s Financing Gap

April 7, 2014

For entrepreneurs in Ontario’s Niagara Region, Angel investors or other sources of cash for startups are few and far between, but Fred Davies is trying to change that. Niagara Region, like many other municipalities across Canada that grew out of an industrial base, is seeing its traditional economic drivers of manufacturing, agriculture and tourism decline. Mr. Davies, an Angel investor and chief executive of Davies Group of Companies, which has hospitality and commercial development holdings, says the Niagara Region has lagged other parts of Canada when it comes to a financing infrastructure for new ventures. Read more

 

The Washington Post: U.S. Congress Looks to Angels to Revive Economy

April 1, 2014

Hoping to fuel more job-creating companies, lawmakers on both sides of the aisle are crafting legislation intended to encourage individual start-up investors, commonly called “Angel investors,” to pour even more capital into new and growing businesses — but they don’t all agree on the best way to help. “We want you to make more investments, we want you to take more risks,” Sen. Chris Murphy (D-Conn.) told investors at the Angel Capital Association’s annual summit last week in Washington.  Read more

 

March 2014

MI6: Angel Interview – Randy Thompson

March 29, 2014

Here’s my third interview with Randy Thompson [profile] who is the CEO of VA Angels [website]. VA Angels have investment groups in Calgary, Edmonton, Lelowna and Winnipeg. Randy is also the CEO of Coupons4Giving, exciting new company helping not for profits and merchants create long term relationships where NFP raises more money and merchant creates local, lasting customers- through coupons. Read more

 

University of Waterloo: Angel Investor Donates $1 Million for Student Entrepreneurs

March 24, 2014

Entrepreneur and Angel investor, Mike Stork, is giving back to the Waterloo Region startup community with a generous donation of $1 million to Velocity at the University of Waterloo. The donation is a double win for student entrepreneurs. The gift has inspired the University to grow the Velocity Fund run by the University’s startup incubator, to support entrepreneurs emerging from the University. “We are tremendously grateful to Mike Stork for this generous investment. Mike is one of the most successful Angel investors in Waterloo Region with close ties to the University of Waterloo and, in particular, Velocity,” said Feridun Hamdullahpur, president and vice-chancellor of Waterloo. Read more

 

BDC Newsroom: BDC Issues First–Ever Canadian Study on the Impact of Advisory Boards

March 20, 2014

A new study from the Business Development Bank of Canada (BDC) finds that advisory boards have a significant impact on a business’s financial performance, yet only 6% of Canadian small and medium-sized enterprises (SMEs) use one. In fact, almost 86% of entrepreneurs who do have an advisory board say it has had an important impact on their business success. “The benefits of having good-quality, independent advice from well-respected, experienced individuals is clear, and we now have research to support it,” says Jean-René Halde, BDC’s President and Chief Executive Officer. Read more

 

Financial Post: A New Approach to Venture Investing

March 19, 2014

Mark Skapinker, raised in South Africa but a resident of Canada for more than three decades, is one of the veterans of the country’s venture capital industry. A participant in many transactions over that period, Skapinker’s recent success came with the sale of its joint investment in New Brunswick-based Radian6 to Salesforce, an investment that produced a return of 2,700%. Read more

 

Betakit: Extreme Startups’ Marcus Daniels: “How We’re Bringing in Rockstar Founders”

March 12, 2014

We’ve known this for a while, but now we have video evidence that Marcus Daniels may be one of Canada’s most outwardly confident accelerator leaders. The serial entrepreneur came on board to lead Extreme Startups last year, and is now in the middle of his second cohort of startups. We caught up with Daniels at DX3 2014 in Toronto and asked him about his philosophy when leading the program. He emphasized a new direction for Extreme Startups, one that has always selected “world-class entrepreneurs”. But now, it’s selecting that same class of “rockstar founders” who already have successful companies, rather than just ideas.Read more

 

Techvibes: A Startup’s Guide to BDC Venture Capital’s Convertible Notes Program: 2014 Edition

March 9, 2014

Although it has been around for a while now, some entrepreneurs still don’t understand exactly what BDC Venture Capital’s convertible note program. This guide is here to aid them. There are more than 100 startup accelerators in Canada by current estimates. However, only six qualify for BDC Venture Capital’s convertible note program, which offers $150,000 convertible notes to select graduates of Canada’s top-rated accelerators. Those six are FounderFuel, Communitech Hyperdrive, Extreme Startups, GrowLab, Launch36, and Execution labs. Read more

 

Press Release: Maple Leaf Angels Corporation Announces New Managing Director

March 6, 2014

Maple Leaf Angels Corporation today announces that Brandon Corman will join Maple Leaf Angels as its new Managing Director commencing April 1, 2014. Corman brings to Maple Leaf Angels a breadth of experience in Angel investing, finance, and entrepreneurship. For over two years he has been the Business Development Manager at the Network of Angel Organizations – Ontario. In this role he was responsible for building Ontario’s Angel investor network. Read more

 

Engineering.com: Fail Faster – What it Takes to be an Inventor

March 3, 2014

It has been almost a year since ENGINEERING.com talked to co-founder of Unified Computer Intelligence Corp. (UCIC) Leor Grebler. It is about time we catch up with UCIC for a look to see what it takes to quit your day job and become an entrepreneurial inventor. The answer: if you want things to take off, you have to fail faster. At the time of our last interview, the creators of the voice commanded computer Ubi had yet to ship their product. Though the company has not yet reached full commercialization, they have shipped about 2,000 units and are getting constant signals from over 500 units participating in the Beta testing. Read more

 

February 2014

MLA News: Through MLA Members and other Angels UCIC has raised $635,000

February 28, 2014

Following a first place finish in the N100 Startup Competition and a highly successful Kickstarter campaign Unified Computer Intelligence Corporation (UCIC) has secured $635,000 in Angel investment. Added to the $100,000 prize for the N100 first place finish this totals $735,000 in investment over the last 8 months. UCIC’s first product the Ubi – the ubiquitous computer – is an “always on” voice activated computer that plugs directly into a wall outlet. Read more

 

Betakit: The Maritimes’ Propel ICT Expands to Include Newfoundland, Wants 86 Companies in 5 Years

February 28, 2014

Propel ICT and its New Brunswick-based startup accelerator Launch36 have grand visions for tech innovation in the Maritimes provinces. Today it announced that it will expand to include Newfoundland & Labrador in its network. “Propel ICT will continue to be the signature Accelerator program in Atlantic Canada,” wrote Launch36′s Trevor McAusland. Launched three years ago, Propel ICT said some doubted that they could accelerate 36 startup companies, but they’re on track to do it. Read more

 

BDC News Room: CVCA 2013 Venture Capital Report: BDC Venture Capital Encouraged by Positive Results, says Ecosystem Continuing to Gain Momentum

February 27, 2014

Data released today by CVCA – Canada’s Venture Capital & Private Equity Association shows a 31% increase in venture capital investments in 2013, with total venture capital financing reaching a six-year high of $2 billion. Jérôme Nycz, Executive Vice President of the Business Development Bank of Canada’s (BDC) Subordinate Financing and Venture Capital divisions was upbeat about these latest numbers. Read more

 

Techvibes: LX Ventures to Raise $3 Million to Help Growth of Mobio, Strutta, Copper.io

February 26, 2014

LX Ventures is raising just over $3 million to continue to accelerate the growth of the Company’s core portfolio companies, including Mobio and Strutta. Issuing just under nine million units for 35 cents each, the Vancouver-based publicly traded incubator says the non-brokered private placement will help foster the growth of the companies under its uncubation, which include the recently acquired Copper.io. Read more

 

The Star: Ubi’s Road From Kickstarter to the Market

February 26, 2014

For a trio of engineers, the idea was slowly bandied about over lunch at an Italian joint in Markham three years ago. Leor Grebler, Mahyar Fotoohi and Amin Abdossalami were friends and colleagues, working at nearby Quanser Consulting. They were happy with their full-time jobs, but wanted to develop something of their own. They wanted to come up with product that people would need every day that would bridge technology and human interaction, essentially become an integral parts of their lives.Read more

 

Betakit: The Accelerator Series – Canada’s Leading Accelerator FounderFuel Does Things in Unorthodox Ways- And It Has Achieved Unorthodox Results

February 24, 2014

Montreal’s FounderFuel accelerator program has made investments into 46 startups since launching in the fall of 2011, the most of any other Canadian accelerator. Quantity can never imply quality, but in this case it might. Several leaders of competing accelerators in Canada have told us throughout The Accelerator Series that the Montreal program is the one they look up to. So besides being one of the oldest programs in Canada with one of the best track-records, what makes this environment different?Read more

 

Techvibes: The Valuable Insights We Gained from Two Years of Accelerating Some Awesome Startups

February 24, 2014

At INcubes, we always preach to our companies to be agile, quick to change, and learn on the go. Trying to lead by example, we are constantly looking to learn from everything we do and to implement lessons in our programs. Since we started in 2011, we reviewed over 1,600 applications and accelerated 17 companies; along the way, we collected valuable feedback and applied it to our Funnel and Acceleration Programs. Read more

 

ProStory: Chris Lumb, CEO of TEC Edmonton – Entrepreneurial Success, Learning From The Field

February 21, 2014

If you’re running a technology-based startup, there is one critical success factor that determines your likelihood of success. This factor applies no matter what sector you are in, how mature your company is, or what your product mix is. Surely not, you may say: a company needs a unique offering, a good management team, appropriate financing, good operations, access to customers, a viable business model, and much more. It can’t be so simple that there is only a single factor that drives success. Read more

Market Watch: Ontario Centres of Excellence Helps Drive Innovative, Eco-Friendly, Big Rig Power Solution

February 20, 2014

An innovative and eco-friendly energy solution that converts exhaust heat from trucks and other large engine vehicles into a power source for on-board heating and cooling systems is getting a boost from Ontario Centres of Excellence (OCE). Through its Market Readiness 3 and Special Energy Fund programs, OCE is investing $250,000 in Bolton, Ontario-based EnerMotion’s Hybrid Power and Energy Recovery (HYPER) technology. Read more

 

Techvibes: BDC and CVCA Launch Innovation Award for Canadian Startups

February 19, 2014

The Business Development Bank of Canada this morning launched the BDC Innovation Award. Launched in partnership with Canada’s Venture Capital & Private Equity Association, this new award will recognize “an early-stage Canadian company that has demonstrated the ability to bring innovation to market, reshaping a sector or industry in a new or unexpected way.” Read more

 

Clean Tech Canada: SDTC Launches New Round of Funding for Cleantech Innovation

February 19, 2014

A not-for-profit foundation funded by the federal government has launched a new round of funding initiative aimed at identified the next wave of cleantech innovators in Canada. Sustainable Development Technology Canada (SDTC) has launched the 25th round of its SD Tech Fund, a financing program that looks to help support entrepreneurs commercialize their cleantech technology. Read more

 

Digital Journal: OCE and CYBF Team Up to Support 10 Young Entrepreneurs

February 18, 2014

Ten innovative Ontario young entrepreneurs will receive up to $95,000 each over the next two years to advance their companies under a joint initiative between Ontario Centres of Excellence (OCE) and the Canadian Youth Business Foundation (CYBF). Announced at OCE’s Discovery trade show and conference last May, the CYBF-OCE Entrepreneurship Fellowship program supports entrepreneurs aged 18-39 in developing businesses around research originating in Ontario’s colleges and universities. The 10 entrepreneurs were selected after a thorough application and review process. Read more

 

Betakit: The Accelerator Series – As The Next 36′s ‘School for Gifted Youngsters’ Expands Its Vision, One Question Remains: How Do We Judge Graduates as “Successful”?

February 17, 2014

In a conversation with the Next 36’s executive director, I wasted no time asking what it’s like to be in such a formative position. After all, Claudia Hepburn is tasked with guiding 36 of Canada’s most decorated, high-potential undergraduate-aged future leaders every year. It’s a job that comes with its pressures, one would imagine. “You’re freaking me out now,” she joked with me. I prodded a bit more. The stakes might not appear to be high, but these early twenty-something’s are all setting aside potential internships with Facebook and Google, well-paying jobs at respected firms and even their own ventures, to join the program. Read more

 

Pivot Magazine: Think Calgary for Your Tech Startup

February 17, 2014

When you think of ‘Calgary,’ the first thoughts that come to mind might be the Calgary stampede, oil or the 1988 Winter Olympics. On the bottom of that list might be ‘technology startup.’ Organizations like Innovate Calgary, AcceleratorYYC and Startup Calgary are trying to change that and make entrepreneurs think ‘Calgary’ when looking for a place to launch their businesses. Even startup superstar Brad Feld, a venture capitalist investor at Foundry Group and co-founder of the TechStars accelerator program), is taking notice. Read more

 

Digital Journal: Angel Capital Association Opens Doors to Individual Accredited Investors Seeking Deal Flow and Best Practices by Offering Reduced Fees to Attend 2014 ACA Summit

February 12, 2014

With the face of private accredited investing rapidly evolving, the Angel Capital Association (ACA), the world’s leading professional and trade association for Angel investors, is offering individual accredited investors significant savings to hone deal flow and best practices. Savings include a blended membership and 2014 ACA Summit fee, which reduces annual membership costs by more than 85 percent. Individual investors who belong to accredited platforms that belong to the ACA also receive ACA membership reductions. Read more

 

Financial Post: How Angel Investor Greg Yuel Takes On Both Successful Exits and Abysmal Failures

February 10, 2014

Greg Yuel considers his first Angel investment to be a move to help out a family friend and fellow community member. It was 2002 and John Cross, a well-known innovator and contributor in Saskatoon, approached Mr. Yuel and his father for some help. At the time, Mr. Cross’ biotech company, Philom Bios, was the target of a hostile takeover by a U.S. competitor. Read more

 

Betakit: The Accelerator Series – Riding a New Program Structure, INcubes Looks to Leverage the Zlotnick Effect

February 10, 2014

Ben Zlotnick might be the smartest guy in the Canadian startup accelerator space. After all, he’s collecting equity from companies who join the Toronto-based INcubes, while not actually giving them any up front cash. But for the tech startups the keep coming to learn under Zlotnick’s guidance, not to mention the program’s rising profile, he’s clearly offering value (just not in terms of money). Read more

 

Techvibes: Innovate Calgary Highlights City’s Healthy Tech Community

February 6, 2014

Innovate Calgary presented its 2014 Report to the Community on Monday, February 3, showcasing the outcomes of their clients over 2013. Peter Garrett, President of Innovate Calgary, led the event, which focused heavily on how different organizations throughout the country have all helped their clients achieve the success that they did. Read more

 

Edmonton Sun: Two Edmonton Venture Organizations Merge

February 5, 2014

Two venture “Angel investor” networks are merging. TEC Edmonton and VA Angels Edmonton Chapter will now be known as TEC Venture Angels. Angel investors are the first to give capital to start ups. The new organization will be run by TEC Edmonton, a not-for-profit business incubator and accelerator. VA Angels Edmonton leader Randy Thompson will be TEC Venture Angels executive director. Read more

 

Edmonton Journal: Merger of Angel Investor Groups Heavenly for Startups

February 4, 2014

A merger of two northern Alberta Angel-investing networks promises one-stop shopping for early-stage technology companies. TEC Edmonton’s Alberta Deal Generator and VA Angels Edmonton chapter are joining forces and launching TEC Venture Angels on Wednesday at noon at the Westin Hotel. Read more

 

Digital Media Zone: More Than Money – The Investor-Startup Relationship

February 4, 2014

At its most basic, the goal of every entrepreneur is the same: to find success in the marketplace, to grow a bigger, more successful company, and to make a meaningful difference in their field. But none of this can be done without the help of a certain, very important partner — an investor. But how does a startup find an investor right for their company and, on the flipside, how does an investor find the right startup to invest in? Here, investors and DMZ startups share their two cents about how to foster and maintain a mutually beneficial relationship. Read more

 

Financial Post: The Next 36 Debuts New Executive Education Program

February 4, 2014

The Next 36, Canada’s program for young aspiring entrepreneurs, has launched a new executive education program for high potential founders of tech startups looking to scale quickly called, “The Next Founders.” The founders program is currently seeking 20 participants to join its first cohort, who will receive 50 to 65 hours of masters-level education from professors of the University of Toronto’s Rotman School of Management, University of British Columbia, Harvard University, MIT and Georgetown University. Read more

 

Gowlings: Canada’s New Anti-Spam Legislation To Come Into Force July 1, 2014

February 4, 2014

It is time for franchisors and franchisees to begin considering the potential impact of Canada’s new anti-spam legislation (“CASL”) on their business, as it was recently announced that this legislation will be coming into force on July 1, 2014. CASL is designed to protect Canadian consumers from receiving unsolicited commercial electronic messages (a “CEM”). Read more

 

Entrevestor: Launch36 Looking for Fourth Cohort

February 3, 2014

Launch36, the Atlantic Canadian regional startup accelerator, is calling for applications for its fourth cohort, building on its mission of launching 36 companies in three years. In particular, the accelerator operated by the regional technology association Propel ICT is hoping for its first participants from Newfoundland and Labrador. Read more

 

Betakit: The Accelerator Series – Marcus Daniels and Extreme Startups Want the Best Founders in Canada- And the Best Program in the World

February 3, 2014

Ever since he took over as Extreme Startups’ Managing Director, Marcus Daniels has been a man on a mission. I found him to be an easy-going guy when we first met few months ago, but on the phone he was all business. It’s been four cohorts since Extreme Startups launched, the most recent being Daniels’ first as leader. Read more

Calgary Herald: Ecosystem Supports Technology Innovation, Drives Economic Diversification

February 3, 2014

We are where entrepreneurs, researchers, investors, industry and partners take innovative technology ideas from concepts and startup companies to growing enterprises. Succeeding in the commercialization of an innovation or discovery is best not approached as a solitary endeavour. Engaging the support of the innovation ecosystem can dramatically accelerate the development and growth of a new company, and dramatically increase the probability of success. Read more

January 2014

The Windsor Star: Entrepreneur – Chasing the Money Trickiest Job for Startups

January 30, 2014

Bringing an idea from concept to execution is only one of the challenges facing new entrepreneurs. By far the trickiest part is accessing funding to turn a dream into reality, according to Rob Whent, director of the entrepreneur-in-residence program at the WEtech Alliance, an incubator and support agency for entrepreneurs with high-tech ideas. Read more

 

Betakit: The BDC Introduces Four New Awards for Canadian Entrepreneurs

January 22, 2014

The Business Development Bank of Canada (BDC) has announced a call for entries for four new awards that recognize Canadian entrepreneurs. The four categories are mentorship, innovation, resiliency and serial entrepreneurship. The federal organization also puts on its annual BDC Young Entrepreneur Award, a contest where entrepreneurs aged 18 to 35 are invited to present a turning point their company has reached and the solution they propose to take their business to the next level. Read more

 

Start-up North: Syndicating Canada

January 21, 2014

In 2013, Angel List launched its syndicates feature, a way for Angel investors to pool their funds. By turning syndicates into a turn-key process, Angel List has made this fundraising option broadly available and drastically lowered the barrier to entry for individual investors. Unfortunately, this feature is only available to startups that have a US entity as part of their structure. Can we kick off the process of having more syndicates in Canada? Read more

 

Calgary Herald: Entrevestor – Angel Investment Pays Dividends

January 20, 2014

Almost three years after striking its groundbreaking partnership with Oxford Instruments of Britain, Fredericton-based Green Imaging Technologies has reached an important milestone, paying its first dividend to shareholders. Read more

Betakit: The Accelerator Series – GrowLab Looks to a New Leader in Jonathan Bixby

January 20, 2014

The current chapter in GrowLab‘s story revolves around a changing of the guard. The program that Mike Edwards of LX Ventures helped cofound and build up over several cohorts of startups looks to a new leader in experienced entrepreneur Jonathan Bixby.Read more

 

Techvibes: Investor and Canadian Startup Award Nominee Randy Thompson Explains Envy Between Angels and VCs

January 18, 2014

Randy Thompson has been nominated for a 2013 Canadian Startup Award in the Angel Investor of the Year category. Why does he deserve your vote? Read on. I began my interview with Randy by bemoaning the very political responses I’d received from the big VC firms and startups who were nominated for the awards this year. Many answers consisted of carefully manicured PR speak that made me feel at times that I was interviewing an About Us page. Randy knows the score.Read more

 

Market Watch: GreenAngel Energy Partners With Espresso Capital Partners to Offer 9% Notes

January 16, 2014

GreenAngel Energy Corp (“GreenAngel”) is pleased to announce that it has entered into an agreement with Espresso Capital Partners (“ECP”) whereby GreenAngel will issue interest-bearing notes (the “Notes”) to accredited investors for purposes of participating in ECP’s limited partnership funds. The Notes will provide investors with up to 2.2% in quarterly interest payments. The Notes are RRSP and TFSA eligible. Read more

 

The Globe and Mail: Why Toronto is a Hotbed of Pioneering Wearable Technology

January 15, 2014

“What is going on in Toronto right now?” Last September, that question was posed to Torontonian Tom Emrich at the Designers of Things wearable technology conference in San Francisco – a city many think of as the birthplace of latest tech and startups. The query took Mr. Emrich aback, but it confirmed his feeling that something magical was happening back home. Canada is pushing the limits of wearable technology, and Toronto in particular has become a hotbed, experiencing a flurry of activity and curiosity in this space. Read More

 

Techvibes: Invest Ottawa Announces Winter Cohort for GrindSpaceXL Program

January 14, 2014

Eight startups have been selected to join the GrindSpaceXL accelerator program. The program offers early-stage ventures the opportunity to work in a group environment while meeting deliverables laid out in a personalized development plan based on a needs assessment, according to Invest Ottawa, the organization behind the accelerator. Read more

 

Betakit: The Accelerator Series – Entering Its Fourth Cohort, Hyperdrive Looks to Put the Pedal to the Metal

January 13, 2014

Doug Cooper wants his startups in the Hyperdrive accelerator program to get their next 5, 10, and 20 customers. That’s what he ultimately defines as “successful” for the 29 small businesses that have gone through the program, and the next batch that will be selected this month. Read more

 

Techvibes: A New Model of VC in Canada: Brightspark Looks to Disintermediate Its Own Industry

January 13, 2014

Last week Techvibes reported on the stealthy seed round funding of Toronto’s Hubba. While the cash injection dominated by Facebook friendly angels didn’t sneak under the radar, a more interesting angle around another investor has emerged. Toronto’s Brightspark Ventures is listed as Hubba’s lead investor and was responsible for more than $1 million of the round. Read more

 

York Region: York Region Angel Investors Could Help Your Business in 2014

January 10, 2014

If your resolution for 2014 is to kick-start your business or invest in an enterprise, there is a rather celestial group that could help give wings to your goals. York Angel Investors Inc., a non-profit entity, links entrepreneurs with investors, president Scott MacCannell said. Read more

 

Techvibes: Startup Awards Nominee BDC VC Forms the Backbone of Canada’s Venture Capital Industry

January 8, 2014

BDC VC is a finalist for the 2013 Canadian Startup Awardsin the Venture Capital Firm of the Year category. But as you’ll soon see, not all VC firms are created equal. For startsies, BDC VC is a behemoth. The largest VC firm in Canada, BDC VC has funded a number of the finalists on our list, including ePACT, ShopLocket and Picatic. The firm is distributed throughout the country, and is active in all of our nation’s hotbeds of technological innovation. Read more

 

December 2013

Financial Post: The Reluctant Angel: How One Entrepreneur Stumbled Into Funding Startups

December 23, 2013

Randy Thompson was “dragged, kicking and screaming” into being an Angel investor. It just wasn’t in his plan. Mr. Thompson started out in politics in the late 1980s and early 1990s, working as chief of staff for Fred Stewart, then Alberta minister of technology, research and telecommunications.He left that job to do some consulting for the government and, in 1992, he got an interesting proposal. Read more

 

Techvibes: Halifax’s topLog Raises $400,000 Seed Round from BDC Venture Capital and Others

December 12, 2013

TopLog today announced that it has raised a seed round. The Halifax-based startup raised $400,000 from Innovacorp and BDC Venture Capital. $250,000 came from Innovacorp, Nova Scotia’s early-stage venture capital organization, according to topLog. Read more

 

Fox Business: Becoming an Angel Investor Worth the Risk?

December 11, 2013

Angel Resource Institute’s Robert Wiltbank on the benefits and risks of becoming an Angel investor. Read more

November 2013

The Frank Peters Show: Banff Wrap Up

November 27, 2013

It’s the final day of the NACO Summit in Banff. I might say it’s the best conference of its kind I’ve ever attended — besides great content and speakers, the natural beauty of Banff is looming in every window and it’s so frightfully cold that we’re practically stuck indoors, together, having a great time. Can’t wait til next year! Listen

 

Betakit: Edge to Epic Brings Corporate-Sized Deals to Small Startups

November 26, 2013

Edge to Epic founder Joelle Parenteau used to work in the insurance industry, as she told us over coffee in Toronto, and it was as boring as it sounds. But one thing in particular bothered her, before she started her Ottawa-based startup that leverages group insurance and perks plans for smaller businesses. Read more

 

Techvibes: Four Ways Canada’s Accelerator Landscape Will Shift in 2015

November 24, 2013

When Extreme Startups and GrowLab merged in August 2014, it served notice to the Canadian accelerator landscape that things were being taken a little more seriously. With more programs popping up every year, those two reputable institutions did the opposite of flooding the market. They consolidated their energies into one offering, the HIGHLINE program. It wasn’t hard to decipher what the move pointed at: there’s too many accelerators in Canada, many of which are poor-quality. We chatted with HIGHLINE’s CEO Marcus Daniels about what will change in 2015. Read more

 

Financial Post: Burned Once, Angel Takes On Investments with Caution

November 17, 2013

Parm Gill can be forgiven for being incredibly particular about the projects he chooses as an Angel investor. The Ottawa-based entrepreneur was forced to file for bankruptcy with his first startup, an Internet service provider called Cyberus Online. In 1999, he sold Cyberus to Dallas-based online computer manufacturer Eisa.com. But he soon discovered that Eisa.com had falsifed its financial statements during the sale process, and was swimming in debt. Read more

 

Profit Guide: The Top 4 Questions Angels Will Ask an Exporter

November 6, 2013

Every entrepreneur who wants to expand their business abroad is confronted with the same, tough, question: How do you amass enough financing to underwrite all the expenses and capital investment associated with a serious export push? As most small- and mid-size business owners know, banks rarely give loans to SMEs that need start-up capital for export operations, which means they have to turn to specialized export-financing firms, as well as Export Development Canada (EDC). Read more

October 2013

National Post: Thomas S. Caldwell: Death by Regulation

October 28, 2013

To put the case simply, there are three main “levers” that governments can operate when seeking to grow the economy. They can exert all the expansionary influence they wish on the first two levers — fiscal and monetary policy, but if securities regulation, the third lever, is over-burdensome or locked down, no lasting positive result can occur for the economy as a whole. Sadly, Canada’s third lever is precariously close to being locked down already. Read more

 

The Frank Peters Show: GrowLab’s Mike Edwards

October 16, 2013

He’s got a lot going on! Start with Initio, GrowLabs and LX Ventures. He started as a bootstrapping entrepreneur and today he’s using several financing options, like venture capital and the TSX Venture which he explains. Meet up with the GrowLab team at the NACO Summit in Banff. Listen

 

Shining a Light on Angel Investors with Rob Douglas

October 10, 2013

Many start-ups in Waterloo Region owe part of their funding to angel investors. We hear the term often in this area, but there’s still a lot of mystery around who they are and what they do. Golden Triangle Angel Network president, Rob Douglas, explains. Listen

 

The Record: Laurier Startup Fund Donor Named Angel Investor of Year

October 9, 2013

On Tuesday afternoon, Stork and his wife, Hennie, announced they are donating $1 million to launch the Laurier Start-up Fund, a new program designed to teach Wilfrid Laurier University business students how to make decisions about investing in startups. On Tuesday night, he was honoured as the “Angel of the year” by Golden Triangle Angelnet, a non-profit organization that brings together Angel investors, individuals who put their own money into startups. Read more

 

Daily Exchange: Angel Investors Honour Investments with Top Angel Awards

October 9, 2013

The awards night drew more than 200 attendees. Attendees included a mix of area startups, investors and guests. “We’re extremely pleased with our local track record of innovation, investment and community support driving start-up companies in this area,” said Rob Douglas, president and co-founder of GTAN. “All three of our award recipients should be extremely proud of their accomplishments.” Read more

 

The Frank Peters Show: Innovate Calgary

October 9, 2013

Alex Raczenko is the Entrepreneur in Residence and Pitch Coach; Henry Kutarna is the leader of the Alberta Deal Generator investor group. Together they are part of Innovate Calgary, an incubator/accelerator that’s vertically integrated with the local investor community. Listen

 

Waterloo Chronicle: Angel Network Looking For More Investors

October 1, 2013

Calling all Angels — the Golden Triangle Angel Network is looking to hand out a few more wings and they need the help of local investors to continue their work. GTAN was founded in 2009 when the global credit crunch made it difficult for the area’s tech startups to attract capital to take their fledgling businesses to the next level. Read more

 

Venture Burn: Canada Looking To Entice SA Entrepreneurs With Startup Visa

October 1, 2013

If for whatever reason, you’re sick of the South African startup scene (maybe being able to see Table Mountain from your office window just doesn’t do it for you any more), you might find this intriguing. Canada is actively recruiting foreign entrepreneurs with a startup visa programme. Introduced by the Canadian government, the programme is meant to assist qualified entrepreneurs interested in relocating to Canada. Read more

September 2013

Financial Post: How One Angel Investor Has Perfected Choosing Which Companies He Invests In

September 30, 2013

Colin Wyatt calls his first foray into the world of Angel investing “a wipeout.” It was the late 1990s, and the Canadian technology executive decided to invest $150,000 in a U.K.-based startup called Imagine. Their model was to put kiosks in retail stores which would recognize customers by their mobile phones and print out physical coupons based on their shopping preferences, he said. Read more

 

570NEWS: City of Waterloo Mayor Talks Importance of Angel Investing

September 30, 2013

Brenda Halloran, Mayor of the City of Waterloo, discusses the high tech sector in the Waterloo region and the importance of the Golden Angel Triangle Network (GTAN) investors. Listen

 

Calgary Herald: Great Advice For Any Business, Tech Companies Included: Talk To Your Customers

September 24, 2013

Ironically, it may be one of the toughest parts of starting or running a business. Product development can take a long time, and raising capital can be difficult at the best of times. But talking with customers? It’s one thing many start-ups just don’t do well. Read more

 

NAO-Ontario Press Release: The Secret Sauce Behind Ontario’s High-Growth Start-Ups

September 23, 2013

The Network of Angel Organizations – Ontario (NAO-Ontario) today unveiled its Angel Network Activity for 2012-13. The network, that grew membership to 946 accredited investors, reported a 41 percent increase in direct member investment into 77 new Ontario-based early stage companies. Read more

The Frank Peters Show: Basil Peters, Now Appearing in Banff

September 18, 2013

No relation, but he does call me “Brother” – arguably, for Angel investors he’s written the book of the decade. Welcome back author and Angel investor, Basil Peters. What’s been the impact from Early Exits and how has the concept evolved over the last 3 years? Listen as he shares his insights into how venture capital is changing to address the new entrepreneurial economy. Listen

Uni. of Calgary, The School of Public Policy – Wireless Competition in Canada: An Assessment

September 18, 2013

If there’s one thing Canadians agree on, it’s that Canada’s wireless industry can and should be more competitive. The federal government is on side with the policy objective of having four carriers in every region and has responded with policies that provide commercial advantages to entrants. But, the rub is that there has not been a study that actually assesses the state of competition in wireless services in Canada, until now. Read more

August 2013

Business in Vancouver: Mike Edwards: Super Angel

August 6, 2013

Mike Edwards was pushing 40 when he became an Internet millionaire overnight and decided to retire in Whistler, where he has lived since 1990. A former pro bike racer who thrives on high-octane activities like heli-skiing, high-alpine mountain biking and ironman competitions, he couldn’t ask for a better place to retire. He was just too young. Read more