FedDev Ontario commits funds to VC-backed Waterloo startups

The Federal Economic Development Agency for Southern Ontario (FedDev) has announced plans to invest up to $1.53 million in three Waterloo, Ontario startups. The companies are: Clearpath Robotics, a specialist in vehicle robotics technology; In the Chat, a digital customer service software provider; and WestonExpressions, a developer of an interactive advertising display system. FedDev said these startups have also secured over $3.1 million from venture capital and angel investors. FedDev will also commit up to $500,000 to Golden Triangle Angel Network, an Ontario angel organization.

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