Anges Québec gets into holiday spirit with $755k investment in Portable North Pole

Portable North Pole (PNP), a web and mobile application developed by Montréal-based UGroupMedia Inc, has obtained $755,000 in financing from members of Anges Québec and Anges Québec Capital Fund. The fund contributed $375,000 to the deal, while a dozen angel investors, including investment project leader Jean-Luc Sansregret, contributed $380,000. PNP, which allows users to create, view and download video messages from Santa Claus, will use the funds to consolidate working capital, support development of its platform and a new mobile game, and hire personnel. Anges Québec manages a network of 140 investors that has to date backed 33 early-stage companies.

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