Exciting news: Wesley Clover and the Vancouver Founders Fund (VFF) struck its first investment deal together along with Yaletown Partners.
The Vancouver Founder Fund was created by the co-founders of Recon Instruments, Dan Eisenhardt and Fraser Hall. Following the sale of Recon (for $175M) and understanding the lack of a capital market for early stage startups in Canada, Dan and Fraser formed VFF. Now they set out leading or co-leading seed rounds of $500K – $1M in companies primarily in Western Canada.
Tutela Technologies raised the pre-Series A investment round as they look to expand and acquire new customers for their platform. Tutela is a company that collects and analyses anonymous performance and usage data from millions of mobile devices to deliver actionable insights to the mobile and telecom industries. Tutela is generating the world’s largest location based data set describing wireless network quality and how consumers use their mobile devices. Customers across multiple verticals use Tutela’s data and reporting tools to make fully informed decisions regarding infrastructure updates.