Relay Ventures promotes Jake Cassaday to partner

Canadian mobile venture capital firm Relay Ventures has promoted Jake Cassaday to partner. Cassaday joined the firm as an intern in 2014, after serving as an executive at Spin Master. He became a Relay associate in 2015 and was promoted to associate partner in 2017. Cassaday, who has sourced and closed deals in Canada and the United States, sits on the boards of several Relay portfolio companies, include Alate Partners, which raised a $40 million seed round in November. Based in Toronto, Relay is currently investing from Relay Ventures III, which which raised $200 million in 2016.