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OMERS Ventures Invests $16M in Vancouver Firm BuildDirect
1By: Kuljit Grewal | June 25th, 2012 | Business, News, O Canada
BuildDirect, the west coast firm that specializes in the manufacture and online sale of heavy duty construction and building materials has secured $16M in growth stage financing from OMERS Ventures, the VC arm of OMERS (the Ontario Municipal Employees Retirement System). Founded in 1999, BuildDirect has survived the dot-com bubble, U.S. housin...
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Spotify Could be Raising $220 Million in Funding, Valuing Them at $4 Billion
By: Kuljit Grewal | June 19th, 2012 | Business, News, Social Media
According to several sources (including The New York Times), Swedish music service Spotify could be raising up to $220M in a new round of funding led by large investment bank Goldman Sachs, who would foot 50% of that total. Although ...
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App Performance Management Company Crittercism Secures $5.5M in Series A Funding
By: Kuljit Grewal | June 19th, 2012 | Business, Mobile Apps, News
Following a $1.2M seed funding round roughly ten months ago from large VCs such as Google Ventures, Kleiner Perkins, Opus Capital, Shasta Ventures and AOL Ventures, San Francisco’s Crittercism is back at it again. The start-up has kicked off June with an additional $5.5M in Series A funding for its mobile diagnostic and management tools. The...
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Big Names Backing the Video Application Socialcam
By: Kuljit Grewal | June 18th, 2012 | Business, Mobile Apps, News, Social Media
With Facebook’s highly publicized (and high worth) acquisition of photography wonder Instagr.am, the competition to become the equivalent for video is getting increasingly fierce. With that being said, Socialcam, a byproduct application of Justin.tv that allows anyone to create videos, add filters and store those videos onto a cloud or share via Facebook, Twit...
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Internet TV Network Revision3 Acquired by Discovery Media
By: Kuljit Grewal | June 18th, 2012 | Business, News
Internet television pioneer Revision3 has agreed to terms with Discovery Media regarding an acquisition according to both parties. TheSan Francisco based company which was founded in 2005 as a collaborative effort between Digg.com alumni Kevin Rose and Jay Adelson along with TechTV founders David Prager and Jim Louderback (current CEO) is the first such network ...
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Montreal Accelerator Fund FounderFuel Graduates 11 Canadian Start-ups
By: Kuljit Grewal | June 18th, 2012 | Business, Mobile Apps, News, O Canada
FounderFuel, a wonderful and successful accelerator fund take it upon themselves to select and develop entrepreneurial teams over a 12 week period in order to prepare them for the funding process. The firm supports entrepreneurs through a mentor based system along with seed funding and access to influential angel investors and VCs. According to company, the...
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Innovative Eye-Tracking Start-up Secures $3 Million in Series A Funding
By: Kuljit Grewal | June 18th, 2012 | Business
What potential does eye-tracking technology hold for marketing research? That is a question EyeTrackShop hopes to answer with their product that measure the effectiveness of advertisements based on ocular data such as eye movements and time spent on various parts of the screen. According to the company behind the technology, it functions through ...
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Facebook IPO – Much Ado About Nothing?
By: Kuljit Grewal | June 18th, 2012 | Business, News, Social Media
For all the hype and build up that went into the largest technology IPO in history, the company’s stock closed at $38.23 a share (FB, NASDAQ). This is all well and good, until you consider that the stock was priced with much fanfare and hype at $38 a share, earning a meager $0.23 on the day after reaching an opening trading price high of $42. Although that share price values the 8 y...
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Quora Raises $50 Million in Series B Funding
By: Kuljit Grewal | June 17th, 2012 | Business, News
Quora, a question and answer based website created and developed by two Facebook alumni will no longer have to answer any questions regarding the legitimacy of their concept and website. Given the fact that several highly respected and influential parties such as Facebook board member Peter Thiel, Matrix’s Josh Hannah (WikiHow’s co-founder) and Northbridgeâ€...
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Allerta’s Pebble Ends Kickstarter Campaign on a High
By: Kuljit Grewal | June 13th, 2012 | Business, Gadgets, O Canada
In what has been an incredibly fun and feel good story, Canadian start-up Allerta and their fantastic interactive Smartwatch the Pebble has had a record breaking run on the aptly named crowd funding site Kickstarter. All in all, and with 3 days to spare, the company and their innovative e-paper watches for ...
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