Program highlights announced cohort
TORONTO, Oct. 30, 2013 /CNW/ - JOLT alumni Greengage Mobile today announced the completion of a $1 million funding round from the
MaRS Investment Accelerator Fund (IAF), RBC Impact Fund and investors
from Waterloo-based Golden Triangle AngelNet (GTAN).
The Toronto-based startup, which graduated from JOLT's summer 2012
program, is a software provider that focuses on enabling and rewarding
positive health, green and community behaviours through its mobile
platform. The funds will be used to grow the company and enhance the
company's mobile app and web-based management platform.
"I am thrilled to congratulate Greengage Mobile on closing their seed
financing round which exemplifies the core thesis of JOLT," said Kerri
Golden, General Partner, JOLT Fund LP. "Great companies are built by
visionary leaders that surround themselves with bold partners and
collaborative thinkers that share the same values."
"JOLT was an incredible experience for Greengage Mobile," said Lindsey
Goodchild, CEO, Greengage Mobile. "We entered JOLT as a small team with
an ambitious vision and left with the resources and training needed to
reach our goals. The JOLT team worked side by side with us and
pushed us to up our game and move the company forward. The mentorship,
connections and access to the MaRS network have been invaluable
resources to our team."
JOLT, launched by MaRS Discovery District just over a year ago, focuses on
accelerating high-growth web and mobile companies. The program recently
announced its Fall 2013 cohort. With the addition of five new
companies, JOLT has grown its portfolio of startups to 17 and network
of founders to 50.
Here's a recap of the companies that make up JOLT's newest cohort:
Cumulonimbus: Cumulonimbus crowdsources live atmospheric data using sensors in
Android devices with pressureNET, an open platform for sensor data
LaunchPad: LaunchPad is a cloud-based mobile development and optimization
platform that allows an entire team to make real-time changes to native
Raise Your Flag: Raise Your Flag helps students who aren't going to university or
college explore careers that don't require a degree or diploma and
create career plans to gain meaningful employment.
Turnstyle Solutions: Turnstyle uses cutting-edge technology to provide businesses an
unprecedented understanding of their customer behaviour.
xTouch: xTouch's technology enables virtually every surface to be
touch-sensitive by simply placing a mobile device on it.
To learn more about these companies, check out JOLT's website - joltco.ca.
MaRS Discovery District (@MaRSDD) is a mission-driven innovation centre located in Toronto. MaRS works
with partners to catalyze, accelerate and amplify innovation. MaRS
supports entrepreneurs building Canada's next generation of growth
companies. In the last three years, MaRS startup clients have raised
over $750 million in capital, earned over $375 million in revenue and
hired well over 3,500 workers into knowledge economy jobs.
About MaRS Investment Accelerator Fund
The Investment Accelerator Fund (IAF) (@MaRSIAF) provides seed funding to qualified emerging companies in Ontario. A
critical component of the Ontario Network of Entrepreneurs (ONE), the
IAF supports the launch and development of innovative companies in
Ontario's priority sectors of advanced materials and manufacturing,
information technology, cleantech and life sciences. To learn more,
About Greengage Mobile
Greengage Mobile (@greengagemobile) is a web and mobile software platform that is designed to engage and
drive adoption of health/wellness, community, and green actions on a
large scale by prompting and rewarding positive behavioral changes
through mobile. Founded in 2010, Greengage Mobile is headquartered in
the heart of Toronto, Canada and is backed by the MaRS IAF, RBC
Generator Fund, and GTAN investors. For more information, visit https://www.greengagemobile.com/.
JOLT (@joltco) is a Toronto-based startup accelerator dedicated to building
high-growth Canadian web and mobile companies. JOLT offers these
selected companies working space in the MaRS Commons, seed financing and mentorship, as well as access to seasoned partners
and some of the top angel and venture capital investors in the
industry. By combining the expertise of its numerous partners in the
creative arts, design and technology sectors with MaRS'
business-building experience, JOLT provides the selected companies with
business validation, streamlined market entry and a greater opportunity
SOURCE: MaRS Discovery District
For further information:
Executive Director, JOLT