Growthworks, one of Canada’s leading venture capital management companies, has decided to invest in Octopz Inc. According to Les Lyall, Senior VP of Growthworks:
The Octopz team has developed an extremely compelling collaboration platform that we believe has significant potential to facilitate business around the world. Our investment in the Octopz team further demonstrates our commitment to funding the development of seed stage technology companies, and working with partners such as the MaRS Discovery District to support commercialization in Ontario
As you can imagine our CEO, Barry Fogarty, and the rest of us at Octopz are very happy too. Here’s some of what Barry had to say about the deal:
We are delighted to partner with GrowthWorks and to have their commitment, support and expertise as we take Octopz out of the R&D phase and into the marketplace. We’re all extremely pleased with the positive response Octopz has received from our partners and pilot users – including some of the leading retail organizations in Canada.
The full news announcement, which also went out on the wire service today, is here.
Technorati Tags: collaboration, Octopz, online collaboration, venture capital
April 16, 2007 at 2:58 pm
[...] tech ventured blog The Alarm Clock highlights that Octopz has received venture funding from GrowthWorks. So does social networking news site [...]