AVAC's Accelerate Fund Invests in Mobile Data Technologies
Acheson, Alberta-based Mobile Data Technologies Ltd., which designs and builds data acquisition and control systems for the oil and gas industry, has secured an undisclosed investment from Accelerate Fund and several angel investors. Proceeds of the investment will be used to continue the company's product expansion plan, which primarily targets U.S. customers. Accelerate Fund is an angel co-investment fund managed by Canadian venture capital firm AVAC. Alberta Enterprise helped launch the fund in 2012 with a $10 million commitment.
26 August 2013•3 mins read
