Ignition Partners, Relay Ventures lead new $14 mln funding of Bionym: Reuters

Canadian technology startup Bionym Inc said on Wednesday it has raised US$14 million in a new Series A round of funding led by U.S. venture capital firm Ignition Partners and Canadian firm Relay Ventures, Reuters reported. Toronto-based Bionym makes a wearable security device dubbed Nymi, which is set to go on sale later this year. Other investors in the company's latest round of funding include Export Development Canada, MasterCard and Salesforce Ventures, the corporate investment group of U.S. cloud computing business Salesforce.com.

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