Weever Apps closes $1M equity round
Toronto, ON, June 5, 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.”
About Weever Apps
Based out of Hamilton, Weever Apps enables organizations to capture data, manage workflows and access actionable insights in real-time. Our cloud-based software helps organizations access actionable information pertaining to: Inspections & Audits, Quality Compliance, Maintenance Management, Safety Incidents & Emergencies, and Suggestions & Continuous Improvements. Learn more about Weever Apps and its products at weeverapps.com.
About GreenSky Capital
GreenSky Capital Inc. is an award-winning Toronto-based firm that manages venture capital and provides financial advisory services. GreenSky makes investments in early-stage Canadian technology companies through its affiliated venture capital funds, GreenSky Accelerator Fund I, II and III. Our principals bring a unique combination of experience in technology, law and finance to high-growth potential companies and dedicated entrepreneurs. Learn more about GreenSky at greenskycapital.com.
About MaRS IAF
MaRS Investment Accelerator Fund (IAF) is a leading seed stage fund investing in high-potential IT, health and cleantech companies in Ontario. IAF has over a 10-year history of successfully providing innovative firms with the capital, mentorship, and networks needed to validate ideas and bring products to market. Its mission is to keep Ontario’s talent and technology local while helping its companies go global. For more information, please visit http://www.marsiaf.com/.