Velocity startups raise over $100 mln in five years
University of Waterloo incubator Velocity has reported that startups supported by it have raised more than $100 million over the past five years. Funding obtained by Velocity clients includes the backing of angel investors, venture capital firms, government programs, and grants from the Velocity Fund. Successful fund-raisers include companies featured in major 2013 deals, such as: KiK Interactive, developer of a smartphone messaging platform, which secured a $19.5 million Series B round; smartwatch maker Pebble, which netted US$15 million in a Series A deal; and Thalmic Labs, a developer of gesture control and wearable technology, which attracted a Series A financing valued at $14.5 million.
29 January 2014•3 mins read
