Dejero snags $4.5 mln from BEST Funds

Dejero has received $4.5 million in funding from Toronto venture firm BEST Funds. Based in Waterloo, Ontario, Dejero is a wireless transmission company.

PRESS RELEASE

TORONTO, ONTARIO–(Marketwired – May 22, 2014) – BEST Funds, a Toronto-based venture capital firm that specializes in providing capital to growing technology companies has announced a $4.5 million investment into Dejero, an award-winning bonded wireless transmission innovator from Waterloo, Ontario. The capital will allow Dejero to extend their tremendous sales growth while continuing to develop cutting-edge technologies for the broadcasting industry.
This was an exciting investment for BEST Funds, who provides Canada’s fastest growing companies with the needed capital to expand their growth and become industry leaders. BEST Funds’ Investment Manager Alan Chettiar believes that, “Dejero perfectly exemplifies the type of company that we aim to assist. We are confident that with our capital and their unique and revolutionary LIVE+ product suite, Dejero will continue to grow at an extraordinary pace.”
Of the investment, Brian Cram, CEO of Dejero said, “We have worked hard to create and produce the highest-quality broadcasting equipment, using the latest advancements in 3G and 4G LTE mobile technologies to make electronic newsgathering as immediate and portable as possible. With the $4.5 million investment from BEST Funds, we will be able to further expand our sales growth, allowing us to bring this technology to the forefront of the broadcasting industry around the globe.”
About BEST Funds
BEST Funds is a leading Venture Capital firm that focuses on funding rapidly growing Canadian technology companies by providing capital to execute their growth strategies. Primarily focused on emerging companies in the software and technology industry, BEST Funds actively deploys capital to some of Canada’s fastest growing companies. BEST Funds was established in 1996 and is based in Toronto.
For more information, visit: www.bestfunds.ca
About Dejero
Dejero is a Waterloo, Ontario-based technology company that produces industry leading platforms for the broadcasting sector. Their centrally managed LIVE+ range of products have changed the broadcasting landscape, allowing video journalists to record and transmit live, from the scene of the action, using wireless uplink solutions and its patent-pending Intelligent Connection Management system.
For more information, visit: www.dejero.com

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