Weever closes $1M equity round co-led by GreenSky and MaRS IAF

Toronto, ON – June 4, 2019

GreenSky Capital Inc. is pleased to announce that its affiliated venture fund, the GreenSky Accelerator Fund III, and MaRS Investment Accelerator Fund (IAF) have co-led a $1 million equity investment round in Weever Apps. GreenSky Capital, through its affiliated venture funds, the GreenSky Accelerator Fund I and the GreenSky Accelerator Fund II, led Weever’s first institutional funding round in 2018.

Weever Apps is a Hamilton-based company providing technology to digitize and simplify processes on manufacturing floors. Over the past three years, the company has continued to gain traction with manufacturers across North America with clients, such as Unilever, GE, Xerox, Kellogg’s and Mars.

“We are excited to have both GreenSky Capital and MaRS as partners in this funding round. With this additional funding support, we are well positioned to continue to augment our product offering and at the same time grow our sales team,” stated Steve McBride, Weever’s CEO.

Mike List, Principal at GreenSky, added: “The Weever team has been excellent at achieving sales growth and we are excited to see what they are able to do with this additional capital. We are also excited to be able to co-lead this additional investment round with MaRS. The MaRS team has been excellent to work with and we look forward to future opportunities to work together.”

This post was originally published on Green Sky Capital Inc. News. Read the full article at: https://www.greenskycapital.com/weever-closes-1m-equity-round-co-led-by-greensky-and-mars-iaf/ 

Share this article
Facebook
Twitter
LinkedIn
WhatsApp
Email
View All Categories

Featured iF Clients

A 6-week training & mentorship program that offers startups and growing businesses opportunities to build strategic connections, and prepare to secure investment capital.

Ready to accelerate your business growth?

Founders Fast Track is 6 week mentorship program that provides your startup with access to industry expertise, resources, networking opportunities, and skills to help you secure investment capital.

Applications are open until April 14, 2024

Synapse Life Science Pitch Competition

Get tickets for the 2024 Synapse Competition!

Innovation Factory’s Synapse Competition is Ontario’s premier life science pitch competition, dedicated to fostering innovation in the life science sector.

Why you should attend:

  • Meet the finalists at the 11th annual Synapse Competition showcase!
  • Discover emerging life science innovations
  • Network with industry leaders and a thriving life science ecosystem.

March 20, 2024 | 4:00pm – 8:00pm EDT