500 Global related stories
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InnerSpace raises $4.3 mln in BDC Capital-led seed financingInnerSpace, 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.
500 Startups Japan rebrands as Coral Capital500 Startups Japan announced that it has raised its next fund under the new brand name of Coral Capital. The $45 million fund will involve the same people and continue to invest in seed-stage startups in Japan. The firm raised an oversubscribed $35 million fund for its inaugural effort in 2017 under the 500 Startups name. Founding Partner and CEO James Riney said in a blog post that the new fund was raised in less than three months.
Compass to buy VC-backed ContactuallyCompass has agreed to acquire Contactually, a Washington, DC-based software and service company, according to a blog post https://www.contactually.com/blog/contactually-joins-compass on its site. No financial terms were disclosed. Contactually's backers included Grotech Ventures, Rally Ventures, Correlation Ventures, Point Nine Capital, 500 Startups, Bull City Venture Partners and Middleland Capital.
MedStack seeded with $2.4 mln in Telus Ventures-led roundMedStack, a Toronto-based privacy and security compliance solution for healthcare apps, has raised $2.4 million in a seed-stage financing. The round was led by Telus Ventures, the strategic investment arm of Telus Corp. It was joined by ScaleUP Ventures, Panache Ventures, Ontario Centres of Excellence and angel investors. Founded in 2015 by CEO Balaji Gopalan and CTO Simon Woodside, MedStack builds and manages healthcare privacy compliance in cloud hosting tools. To date, more than 50 companies have leveraged its platform. The funds raised will be used for the recently-launched MedStack Control, growing teams to enhance the platform’s capabilities, and other priorities.
Sampler secures $3 mln in latest round, BDC, Shipfusion leadSampler, a Toronto-based digital product sampling platform, has raised $3 million in its latest financing. The round, which brings total funding to $6.3 million, was led by BDC Capital’s Women in Technology Fund and Shipfusion Inc, a U.S. e-commerce fulfillment business. They were joined by new investors Factory LLC and StandUp Ventures and existing investors, including Freycinet Ventures and MaRS Investment Accelerator Fund. Founded in 2013 by CEO Marie Chevrier, Sampler provides technology that helps consumer packaged goods brands deliver physical samples to digitally-targeted consumers. The company will use the funds raised to expand its sales, marketing and product team.
