InnerSpace raises $4.3 mln in BDC Capital-led seed financing

InnerSpace, a Toronto-based turnkey indoor location platform, has secured about $4.3 million (US$3.2 million) in a seed-stage financing. The round was led by BDC Capital‘s Women in Technology Venture Fund. It was joined by MaRS Investment Accelerator Fund, 500 Startups, Industry Ventures, Zach Coelius’ AngelList syndicate and others. Founded in 2014 and led by CEO James Wu, InnerSpace provides an internet-of-things-based platform that automatically maps and deploys location services in indoor spaces. Its customers include technology businesses, airlines, food and service organizations, sporting and entertainment facilities, and property managers.

26 March 2019•4 mins read
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