Quest Ventures unveils bid to acquire visual search company Slyce
Canadian venture capital firm Quest Ventures has proposed to buy 100 percent of Slyce Inc (TSX-V: SLC), a visual product search platform that went public in 2014. The all-cash offer is priced at $0.85 per share. In a letter to Slyce's board of directors, Quest CEO James Beals said the firm is "confident that the operating outlook for Slyce Inc in a private company scenario would be substantially improved over its current prospects." Quest has committed to invest $35 million to help grow the business once privatized. Toronto-based Slyce was co-founded by Cameron Chell, a Canadian serial entrepreneur. It has been backed by angel investors and venture capital firms since its launch in 2012.
19 November 2015•5 mins read
