News

CoolIT Systems leads industry shift from air to liquid cooling

CoolIT Systems Inc. has completed a $6.2 million series B growth financing in conjunction with an expansion of business to service growing demand. Existing investors led by iNovia Capital and new investor Chart Venture Partners, L.P. of New York came together under a shared belief that CoolIT is ideally positioned to support the present industry shift from air to liquid cooling.
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Montreal-Based Mobile Game Studio Gamerizon Closes Five Million Dollars Investment Round

Gamerizon, a Montreal-based studio specialized in mobile games development and responsible for the very successful Chop Chop™ franchise on the iOS platform, announced this morning that it closed a five million dollars investment round with a prestigious syndicate led by Vanedge Capital and including iNovia Capital.
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Woozworld Raises $6 Million To Expand Services and Its Market-reach

Woozworld (http://www.woozworld.com), a massive multiplayer user-generated social game for tweens (ages nine – 14), announced today that it has raised $6 million in new funding. In addition, Bernard Gershon, former General Manager and Senior Vice President of Disney, has joined its board of advisors.
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Empire Avenue’s Social Stock Market Raises $1.2 Million

Virtual investment economy begets not-so-virtual economic investment as Empire Avenue locks in $1.2 million in funding. The investment round is led by the exceptionally savvy team at San Francisco-based Crosslink Capital, whose portfolio includes Pandora, Bleacher Report and Carbonite, and also features iNovia Capital, with prior investments like Collective Media, Tynt and Well.ca, as well as BioWare co-founders Drs. Ray Muzyka and Greg Zeschuk.
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Localmind closes seed financing round

Localmind announced that it completed a $600k seed round from iNovia Capital, Granite Ventures and Real Ventures, with Ian Sobieski, Peter Bordes, Ty Danco, Zach Aarons, and Ash Jhaveri participating. Continue reading

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Milestone Pharmaceuticals Announces $13 Million Equity Financing

Milestone Pharmaceuticals Inc., a cardiovascular drug development company, announces the completion of a $13 million round of equity financing. The round is led by Pappas Ventures, the Business Development Bank of Canada (BDC), and GO Capital. Other participating investors are Fonds de solidarité FTQ (FSTQ), and the company’s previous investors, iNovia Healthcare Ventures, who played a key role during the Company’s founding and was the lead investor in the earlier rounds, and Fonds Bio-Innovation.
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Fixmo Receives US$6.5 million in Series B Funding

Fixmo Inc., a leading provider of secure, end-to-end infrastructure management solutions for mobile devices, today announced it has secured US$6.5 million in Series B financing led by new investor Panorama Capital. Existing investors Rho Ventures Canada, iNovia Capital, Extreme Venture Partners and management also participated in the Series B round. Fixmo will use the funding to support the company’s business expansion and ongoing development of innovative solutions that mitigate the risk associated with enterprise mobile deployments.
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New GrowLab Accelerator Launches. Provides Startups With Up To $25,000 Seed Funding; $150,000 Follow-on Funding

Prominent Canadian and Silicon Valley entrepreneurs and investors today announced the launch of a new accelerator program based in Vancouver. GrowLab is a “startup boot camp” for entrepreneurs whose companies will receive up to $25,000 in seed funding, four months of mentorship, free office space and the opportunity to pitch investors at the end of the program for follow-on funding. The program is accepting applications from entrepreneurs globally and will be based in Vancouver for the first three months, with the fourth month in San Francisco.
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AppDirect Raises $3.25M to Reinvent the Way Businesses Find, Buy and Use Web-Based Applications

At the Under the Radar Conference today, AppDirect announced a $3.25M seed round and introduced a new way for businesses to find, buy and use web-based software. The AppDirect “Business Application Network” connects application developers to businesses through a network of branded
marketplaces. The San Francisco-based company aims to become the central hub for the rapidly growing community of distributors, developers, and users of business applications. Continue reading

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Chango, The Intent Marketing Platform, Expands Search Retargeting Offering with Self-Serve and API Options

Having successfully delivered fully managed search retargeting campaigns at scale for agencies and brands, Chango is now providing direct access to its technology for self-serve marketers and partners. As of May 2nd, clients will be able to harness the power of Chango’s Intent Marketing Platform to launch and optimize campaigns with the same level of control as they have with a SEM campaign. Continue reading

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