1517 Fund

Medella Health, a Canadian developer of smart contact lenses, has secured $1.4 million in seed-stage funding. The investors in the round included 1517 Fund, Fifty Years Fund, Garage Capital and BDC Capital. Founded in 2013 and led by CEO Harry Gandhi, Medella has designed a contact lens to help patients monitor and manage glucose levels via a mobile device. It plans to use the funds raised to scale its technology and partner with micro-fabrication companies, contact lens manufacturers, and healthcare providers. Medella Health is located in the startup work space of the University of Waterloo's Velocity Garage.

Medella Health, a Canadian developer of smart contact lenses, has secured $1.4 million in seed-stage funding. The investors in the round included 1517 Fund, Fifty Years Fund, Garage Capital and BDC Capital. Founded in 2013 and led by CEO Harry Gandhi, Medella has designed a contact lens to help patients monitor and manage glucose levels via a mobile device. It plans to use the funds raised to scale its technology and partner with micro-fabrication companies, contact lens manufacturers, and healthcare providers. Medella Health is located in the startup work space of the University of Waterloo's Velocity Garage.

True Ventures led the round with participation from 1517 Fund and SciFounders.

Kenota Health, a Waterloo, Ontario-based developer of medical diagnostic tools, recently secured C$11 million in funding.

San Francisco-based Cabin, a provider of hospitality transportation, announced it has raised $3 million in seed funding. FF Angel, a seed-stage fund operated by Founders Fund, led the round, which included SV Angel, Floodgate, Box Group, Brainchild Holdings, Justin Rosenstein, StartX, FJ Labs and 1517 Fund. Cabin is launching its moving hotel service, initially, between San Francisco and Los Angeles for $115 each way.

Toronto-based Revlo has launched its fan engagement platform on Twitch with the help of $1.12 million in seed-stage financing. Canadian and U.S. investors in the round included YCombinator, Extreme Venture Partners, Tandem Capital, Monstercat, 1517 Fund and Hedgewood. Revlo's technology allows e-sports streamers to better connect, engage, and monetize their fan base. While in beta, the company said it enabled 15,000 broadcasters to interact with an audience of more than 5 million viewers per month. Revlo was founded last year by CEO James Sun, Head of Product Julie Topp and Head of Engineering Adam Hueniken.

New York-based citizen journalist site Fresco News closed a $1.2 million seed round of funsding and released an updated version of its app, which aims to enlist civilians to deliver user-generated content for media organizations. Investors include notable media professionals Reese Schonfeld (co-founder of CNN), Laurel Touby (founder of Media Bistro), Ross Levinsohn (ex-Yahoo of CEO) and Jonathan Miller (former executive with NewsCorp and AOL). Additional seed investors include Michael Jones (former CEO of Myspace), Fresco Capital, 1517 Fund, Social Starts, Wavemaker Partners and others.