Posts Tagged Kitchener

Everalbum Acquires Kitchener-Based Pout

Pout, a fashion and beauty photo sharing mobile application based in Kitchener, ON has been acquired by Everalbum, an online photo storage solution for mobile devices that is based in San Francisco.

This is Everalbum’s first acquisition since it was founded in 2013.  It just raised $8 million in venture capital in a Series A round led by Khosla Ventures.

Pout was founded in 2014 and was supported by Velocity, the technology incubator run by the University of Waterloo.  The transaction took shape after Everalbum opened a Canadian office in Kitchener’s historic Tannery building, which the team from Pout will now join.

To read more about the deal, click here.

Posted in: M&A News

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Vidyard Raises $18 Million Series B

Kitchener-based video analytics platform Vidyard has raised an $18 million Series B round of venture capital from existing investors iNovia Capital, OMERS Ventures, and SoftTech VC as well as new investors Salesforce Ventures and Bessemer Venture Partners.  Tyler Lessard, the company’s CMO, said that the new capital will be used to expand its workforce from 60 to 150.

Vidyard’s founders started out as producers of online videos for tech companies, then shifted the business to video content hosting services that also features a set of analytic tools that help companies to understand how their videos are being watched, providing data that can be used by marketing automation and customer relationship management platforms.  Prior to this round, the company had raised $7.7 million in venture capital.

Posted in: PE/VC News

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