Apple’s Buy of Locationary Provides Exits to Several Canadian VC Firms


As reported by Reuters, the non-disclosed acquisition by technology giant Apple Inc. of Toronto-based startup Locationary, a management and exchange platform for local business places information, provides investment exits to a number of Canadian venture capital firms. Among the company’s investors are MaRS Investment Accelerator Fund, managed by MaRS Discovery District, and Trellis Capital Corp., which invested $2.5 million in Locationary in July 2011. Joining in that deal were existing investors Extreme Venture Partners and Plazacorp Ventures, as well as angel investors. Locationary was founded in 2010.

For more information about Locationary, please visit the company’s website.

Photo courtesy of Shutterstock.

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