20
Jun-2019

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

iF Clients, News   /   Tags: ,

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 post: