|Dear Angels and Friends,
York Angel Investors is excited to announce the closing of HTBase!
February 22nd, 2016 – Markham, Ontario, CANADA
York Angel Investors Inc. (YAI), is proud to announce an investment in the amount of $900,000.00 CDN with HTBase of Toronto, Ontario. This investment was done in collaboration with Golden Triangle Network (GTAN), Laurier Startup Fund, NorthSpring Capital Partners and Spark Angels.
Bruno Andrade, CEO of HTBase, sought angel investment for both financial reasons as well as strategic advice. “I had an opportunity to work with the MaRS Investment Accelerator Fund (IAF), which was a great resource and I was able to meet some amazing individuals through this channel. It was through the IAF that I was introduced to the Angels, including Rudy Joss from York Angel Investors (YAI), amongst others. One of the Angels joined our Board, in fact. Aside from the capital, which was important, it was the partners I found, and I would call them ‘partners’ rather than simply ‘investors’, and their deep expertise, that really added value.”
YAI deal lead, Rudy Joss recognized the full potential of HTBase early on, and worked very hard to keep the momentum moving. “It’s amazing that a company like HTBase, that is new to the market and still fairly small, has managed to secure important contracts with some major corporations,” says Joss. “We liked this opportunity because it was in the tech space, which is familiar territory for us, investment-wise. Moreover, we had seen Bruno’s credentials and were excited to meet him. As a strong entrepreneur with excellent technical and administrative skills, Bruno was as much an appeal as the investment itself.”
With the funding now received, HTBase is looking to expand their marketing & distribution plan, hire a sales force and increase the size of the development team. “We’re expanding on the operations side, bringing more people on board to help us enhance our marketing strategy and establish ourselves in other countries,” Andrade says. “We’re definitely excited about growing our base in the United States, which is where our expansion plan lies right now.”
For more information please contact:
Bruno Andrade / CEO
email@example.com / 1 647-284-4332
About HTBase: HTBase differentiates itself in the cloud space by delivering on the concept of a true cloud-defined data center (CDDC) infrastructure, while enabling IT to retain existing infrastructure or develop new hardware platforms in green fields. I&O leaders and decision makers can, therefore, retain and adapt their existing x96 hardware and storage for hybrid cloud solutions, while delivering IT as a service (ITaaS) to their business units and building an invisible integration with the public cloud and drastically reducing costs. That single cloud environment, makes HTBase a unique company in the space, recognized by leading companies such as Gartner by how we are transforming the way organizations plan and build their IT infrastructure.
About York Angel Investors: The York Angels are a group of accredited investors with a broad range of professional experience. Their individual and group focus is to create a return on investment for themselves and the businesses with which they work. Their involvement provides entrepreneurs with funding, and very importantly, advisors who counsel portfolio companies and their entrepreneurs, based on experience gained through their own successes in expediting and managing growth.
YAI’s portfolio companies benefit from our member expertise in information and communications technology, internet, online applications, enterprise and SaaS software, retail, alternative energy, healthcare and life sciences. This collaborative mentorship approach and strategic financing supports entrepreneurs through various stages of early growth. These critical investments often represent the bridge between the self-financed or seed stage and the venture capital and/or private equity level of funding.
About Spark Angel Durham & Northumberland’s Angel Investor Network: Spark Angel Network is a group of individual investors whose aim is to build economic growth and sustainability within Durham and Northumberland. As successful individuals, the members have come together to provide private equity investment to early-stage technology and innovative businesses.
About The Golden Triangle Network: The Golden Triangle Angel Network (GTAN) is a not-for-profit corporation operating under the Ontario Ministry of Research and Innovation’s Angel Network Program. It is a members-only organization of accredited investors seeking investment opportunities in promising, early-stage businesses. In addition to financial support, GTAN members provide dynamic early-stage companies with valuable mentorship and access to capital networks. It is this priceless assistance that facilitates learning, networking, and growth. In short, GTAN provides its members with opportunities to increase their exposure to quality pre-screened companies seeking capital and gives them the opportunity to expand their network of like-minded investors. GTAN helps accelerate companies into becoming market leaders in their industry by bringing together investment, experience and knowledge.