Posts Tagged: investment

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 »

Feds invest $15 million in TEC Centre

Western Economic Diversification Canada (WD) announced today that it has invested $15 million in the TEC Centre at the University of Alberta’s Enterprise Square (for more on Enterprise Square and the TEC Centre, see my October 11th post). It is unclear just what, exactly, the money will be spent on: This $15-million investment in TEC… 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 »