11 Jun 2015
#ICYMI: MaRS venture news for April and May 2015
Spring has arrived and with the warmer weather comes a lot of action within Ontario’s thriving startup community!
- This was big news for the Canadian startup community: Toronto startup Verold was acquired by San Francisco tech giant Box.
- Investment management company Wealthsimple raised $30 million.
- InteraXon raised $10 million in a Series B funding round led by OMERS Ventures.
- MaRS Innovation’s Flybits raised $4.75 million in Series A funding.
- JOLT alumnus Taplytics raised $2.4 million in seed funding.
- Financial technology company Koho raised a $1 million seed round.
- Cleantech venture Hydrogenics signed an agreement valued at over €50 million with Alstom Transport to develop and commercialize hydrogen-powered commuter trains in Europe.
- The C100 selected 20 startups for its next 48hrs in the Valley mentorship program. Congratulations to Bridgit, Borrowell, FundThrough and Wealthsimple.
- Synaptop appeared on “Dragons’ Den,” receiving high praise from the dragons and resulting in a deal!
- Stemming from a great weekend at the Green Living Show, Nanoleaf received some great news coverage, including on Global News and “CTV Morning.”
- SunFarmer was profiled in a CBC News article about the work the company is doing to provide solar power in Nepal.
- PlantForm was profiled in an awesome article on Motherboard.
- Rithm launched its music-streaming service and received a lot of news coverage.
- Forbes: “Rithm music streaming service stays on message.”
- TechCrunch: “Rithm music messenger transitions into a legit streaming service.”
- BetaKit: “Toronto-based Rithm melds music sharing and messaging.”
- Vanhawks was profiled on BNN.
- JOLT grads Cumulonimbus appeared on “CTV News.”
- Magniware was featured as one of five Canadian startups innovating right now by PanamericanWorld.
- InteraXon was featured on “HuffPost Live.”
- Nymi was profiled in the Globe and Mail.
- Figure 1 received some great coverage in the United States in The Verge: “I’m addicted to the gruesome and beautiful photographs on Figure 1, an Instagram for doctors” and in CBS News: “Like Instagram for doctors, with many second opinions.”
- eSight appeared on “The Rachael Ray Show.”
- The Globe and Mail wrote a profile on Rip n Go.