JOLT companies raise $10.5 mln primarily from angel investors
JOLT, an accelerator and seed fund focused on Web and mobile ventures, reports to have invested in 23 companies since its launch in 2012. These companies, 17 of which remain active, have raised $10.5 million, with nearly half of its program graduates attracting outside funding. JOLT said companies secured an average of $1.1 million in seed financing, with 63 percent of the total coming from angel investors. To date, JOLT has invested $910,000 across its portfolio. The organization is affiliated with Toronto commercialization hub MaRS Discovery District.
17 November 2014•3 mins read
