In case you missed it, here is the content of our October 2016 newsletter, including portoflio highlights, event recaps and educational resources.
May 3, 2016 – Toronto, Ontario – Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
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.
nGUVU, which creates gamification and machine learning software for contact centres, has raised $3 million in funding from Brightspark Ventures and Desjardins Venture Capital.
Topics: Brightspark news
Hopper, the makers of a handy travel application that tells you the best time to fly in order to find the best deals, has now raised additional capital to continue to grow its business. It has also scored a partnership with American Airlines which allows it to sell AA’s tickets through its app. In terms of the new investment, the company announced $16 million in a growth funding round, led by BDC Capital IT Venture Fund. Existing investors, including OMERS Ventures, Accomplice (formerly Atlas Venture) and Brightspark Ventures, also participated.
That brings the startup’s total raise to date to $38 million.
Brightspark Ventures, known for its successful track record of investing in early stage tech companies, has recently opened its doors to Canadian accredited investors. Their innovative model- the first of its kind in Canada- assembles a community of accredited investors providing exclusive access to curated investment opportunities. With support from lead investor Kensington Venture Fund(Kensington) as well as investors from the Brightspark network, Brightspark plans rapid expansion with a presence from coast to coast by the end of 2016 and investments in 5-7 companies annually.