Chaordix has secured Series A financing, led by Yaletown Venture Partners and with participation by the Business Development Bank of Canada. Headquartered in Calgary, Canada, Chaordix crowdsourcing programs help global organizations gain market research, brand loyalty and innovation. PRESS RELEASE Chaordix(R) Inc., the global standard in crowdsourced market intelligence, today announced it has secured Series [...]
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Video conferencing start-up Mingleverse has inked $1.4 million in seed financing from Yaletown Venture Partners, undisclosed angel investors and its co-founder and CEO Ron Stevens. Mingleverse’s online video conferencing platform creates a virtual environment – similar to Second Life – where users can create avatars and interact with up to 50 other users at one time. Yaletown Venture Partners is based in Vancouver.
Yaletown Venture Partners recently closed on more than C$100 million for its second fund, which focuses on early-stage IT and cleantech investment opportunities in the U.S. and Canada. But it no longer has all four of its original partners.
Steve Hnatiuk recently left the firm, in order to pursue other opportunities in the Canadian VC market (he says to expect an announcement this fall). No official announcement of his departure, but some eagle-eyed readers noticed the following before and after photos from the Yaletown website:
A survival of the fittest challenge has been playing out in Canada this year, and six-year-old Yaletown Venture Partners has apparently been deemed one of the more robust venture outfits by institutional investors. The firm just closed on an initial $65 million for its second fund, Yaletown Ventures II Limited Partnership. Yaletown closed its first, $42 million fund, [...]