It is with excitement that we share the news of our latest investment, leading a Series B round in Toronto-based InteraXon. This is a follow-on investment for us and brings InteraXon’s total amount raised to $18.9 million to date.
Wave (waveapps.com) has closed a $10 million Series C investment with participation from CRV, The Social+Capital Partnership, OMERS Ventures, and a strategic investor in the global fintech software space. This brings total investment in Wave to $35 million, with the new funds earmarked for ongoing innovation and development of small business financial tools.
InteraXon, the Toronto-based brain health technology company, today announced that it has raised $10 million in Series B funding led by OMERS Ventures, its second investment to the company since 2013. The series also included investment from firms including Felicis Ventures, Horizons Ventures and Flextronics Lab IX.
You are a Canadian entrepreneur, with a software solution you've tested to the point that you've won over your vital first Canadian customers. You are working hard with your team to take the lessons learned from those clients, refine your product and business case, scale up to new customers and generate income.
A few weeks ago, Amazon announced that it will offer consumers an unlimited cloud storage plan for less than $60/year. This price reduction wasn’t a huge surprise, as the average price of Amazon’s Cloud Drive was already higher than most of its key competitors. But what’s more interesting is how Amazon’s competitors will react. We can expect that the other large players, like Google, Microsoft, Dropbox and Apple (to a certain extent), will follow Amazon and re-organize their cloud storage plans in the near future.