Posts Tagged Funding

Diagram closes $25 million fund – Big name backers, and focus on three huge markets

Montreal-based Diagram, a new venture firm focused on financial, insurance and healthcare technologies announced the close of a $25 million fund and deployed its first two investments, Dialogue and Collage.

Diagram is looking to make a limited number of large concentrated investments and provide advice, capital and expertise with the support of Power Financial Corporation (TSX:PWF) and certain of its subsidiaries via Portag3 Ventures LP (a corporate partnership exclusively sponsored by Power Financial Corporation, IGM Financial Inc. and Great-West Lifeco Inc). Additional investors include a group of 50 angel investors such as the CEO of Quora and former CTO of Facebook, Adam D’Angelo; the CEO of Hootsuite, Ryan Holmes; the Founder and former CEO of WIND Mobile, Anthony Lacavera; the Founder of Palantir, Joe Lonsdale; and  the former CEO of Rogers, Nadir Mohammed.

Posted in: PE/VC News

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Toronto’s Hubba Raises Seed Round

Congratulations to Ben Zifkin and the rest of the team at Hubba on raising a seed round of $1 million in funding.  Hubba is an innovative startup based in Toronto that is building a platform for retailers, manufacturers, and the ad agencies that work on their behalf to aggregate and share data from a wide variety of sources in one convenient location so that consumers will not have to scour the internet to find product information, customer feedback and reviews, social media campaigns, and other data that can help them make more informed buying decisions.  To learn more, click here.

This funding round was led byBrightspark Ventures.  To read more about this transaction and the innovative way in which the capital was sourced, click here.

Posted in: PE/VC News

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