Posts Tagged: funding

Mover is making cloud storage solutions in Edmonton

Can you build a successful, scalable technology company in Edmonton? Local startup Mover thinks so, and yesterday they received validation of that goal in the form of $1 million in seed financing from an impressive list of American and Canadian investors. “Absolutely” was Mover CEO Eric Warnke‘s response when I asked if he thought he… Reads more »

Millions of dollars for shorter links

So much for the recession – bit.ly, a URL shortening service, has raised $2 million in funding. TechCrunch did the math (back of the napkin, natch) and figures that bit.ly is worth about $8 million, while its more well-known competitor TinyURL is worth at least $46 million. Who knew there could be so much money… Reads more »

Do you really need a business plan?

Twitter announced a round of funding last Thursday, from Union Square Ventures and a few others. Michael Arrington did some digging and is fairly certain the amount was $5 million on a $20 million pre-money valuation. That’s not too bad, especially when you consider that Twitter is perhaps most famous for not having a business… Reads more »

Raising Money for Tech in Alberta

An incredible number of tech startups have been created in the last year or so, as evidenced by the existence of blogs like TechCrunch and The List to track them all. Despite this, or perhaps because of it, some people are starting to get turned off. Caterina Fake, co-founder of Flickr, recently suggested that it’s… Reads more »