Good News Ventures

Good News Ventures LLC is a venture capital firm based in Circleville, Ohio, specializing in pre-seed, seed stage, and early stage investments across various sectors. The firm is industry agnostic, investing in fields such as artificial intelligence, Internet of Things, big data, cloud services, mobile applications, finance, healthcare, and space technology, among others. Good News Ventures primarily focuses on companies located in Toronto, Canada, and North America, seeking to partner with passionate entrepreneurs who demonstrate resilience and innovative thinking. The firm emphasizes providing strategic advice and networking opportunities through a network of experienced advisors, helping founders navigate the challenges of transforming ideas into successful businesses. Good News Ventures aims to deliver exceptional value to entrepreneurs while generating significant returns for its investors, carefully balancing risk and reward in its investment approach.

Samer Bishay

Partner

Mona Kung

Partner

Mohan Markandaier

Managing Partner

Marat Mukhamedyarov

Managing Partner

Past deals in Ontario

Bedrock AI

Seed Round in 2021
Bedrock AI is software that extracts hard-to-find information in a public company filing like annual reports.

Coinchange

Seed Round in 2021
Coinchange is an innovative financial services company helping people and companies navigate the new digital asset economy. It offer secure transactions, streamlined verification, fast settlement, and no deposit, withdraw and other annoying fees.

Quantum bridge technologies QBT

Pre Seed Round in 2021
QBT is building the next generation of the internet by overlaying their proprietary software and quantum repeater hardware in order to allow quantum communication between any two parties around the globe.

webapp.io

Seed Round in 2020
Traditional CI approaches need you to mix Dockerfiles with a big YAML file to define pipelines. Layer turns this pattern on its head - we've extended the Dockerfile to make it specifically for testing: - It's only one file, so you can write CI configurations without looking at docs - Our runners are fully featured VMs, and we take memory snapshots instead of just the filesystem so you can restore a configured Redis instance from a previous pipeline. ## Benefits - Get a unique link to share the frontend changes for every commit - we'll spin up the environment whenever it's requested, so you don't have to pay to keep them up - CI runs significantly faster because you can set up your environment (e.g., `docker-compose up -d`) once, and rewind to that snapshot for every following pipeline. - It's easier to onboard team members because they just have to read the single Layerfile to understand the whole CI process (incl. how to install everything) - Debugging is easier because you can enter a web console into the last snapshot up to a week after a test passed or failed.

Funnelytics

Seed Round in 2020
Funnelytics Inc., founded in 2017 and based in Toronto, Canada, specializes in developing a funnel mapping and analytics tool tailored for digital marketers. The software allows users to design, track, and analyze marketing funnels, enabling a more effective approach to marketing analysis. Funnelytics provides features that allow enterprises to create custom funnels or utilize existing templates, facilitating the measurement of performance across various channels. Users can estimate campaign conversion rates, assess expenses and traffic volumes, and calculate profit and return on investment. This functionality empowers marketers and business owners to visually map and track their sales and marketing campaigns, ultimately enhancing their overall marketing effectiveness.

Funnelytics

Seed Round in 2020
Funnelytics Inc., founded in 2017 and based in Toronto, Canada, specializes in developing a funnel mapping and analytics tool tailored for digital marketers. The software allows users to design, track, and analyze marketing funnels, enabling a more effective approach to marketing analysis. Funnelytics provides features that allow enterprises to create custom funnels or utilize existing templates, facilitating the measurement of performance across various channels. Users can estimate campaign conversion rates, assess expenses and traffic volumes, and calculate profit and return on investment. This functionality empowers marketers and business owners to visually map and track their sales and marketing campaigns, ultimately enhancing their overall marketing effectiveness.

Spellbook

Equity Crowdfunding in 2019
Rally is a web app where users can manage their contracts and company’s legal documents in a frictionless manner and entirely on the cloud.

Rallynow

Venture Round in 2019
Rally is a web app where users can manage their contracts and company’s legal documents in a frictionless manner and entirely on the cloud. Rally gives its users an extensive library of contract and corporate templates and provides an innovative customization process that makes generating documents easier than ever. On Rally you create, customize, and collaborate with your team on documents, as well as negotiate your deals with counterparties before e-signing them and storing them in an active repository that tracks important actions and obligations from both parties.

DarwinAI

Convertible Note in 2019
DarwinAI Corp. specializes in designing and developing a platform that generates deep neural networks for enterprise artificial intelligence applications. The company's flagship product, GenSynth, is a software platform that provides developers and data scientists with tools to accelerate the deep learning development cycle in a transparent manner. GenSynth automatically creates new models that meet specific performance targets while maintaining transparency throughout the development process, allowing users to understand the factors influencing model decisions. Founded in 2017 and headquartered in Waterloo, Canada, DarwinAI leverages patented Generative Synthesis technology to enhance the efficiency, portability, scalability, and comprehensibility of artificial intelligence, making advanced AI accessible to a broader audience.

Envoi Technologies

Pre Seed Round in 2018
Envoi Technologies Inc. is a Canadian company based in Waterloo, founded in 2017. It offers a mobile application and web-based technology platform designed to connect consumers and retail stores with independent contractor couriers. This innovative platform enables same-day delivery services, allowing retailers to efficiently meet consumer demand. By bypassing the traditional courier model, Envoi enhances the speed and visibility of delivery services, providing a more effective solution for retailers and improving the overall customer experience.

iRestify

Seed Round in 2018
iRestify Inc. provides cleaning, disinfecting and maintenance services to property managers in Canada. The company was founded in 2015 and is based in Toronto, Canada.

Lending Loop

Seed Round in 2018
Lending Loop is Canada's first peer-to-peer lending marketplace. Our core focus is providing businesses with accessible capital at fair interest rates through a simple online process. We do this by cutting out the costly intermediaries, such as banks, allowing Canadian businesses and lenders to prosper together. Lending Loop gives all Canadians access to simple and attractive returns by supporting the growth of local Canadian businesses.

#Paid

Convertible Note in 2018
Learn more about #paid’s creator media platform at www.hashtagpaid.com/product

GoWrench

Seed Round in 2018
GoWrench Inc. offers mobile automotive maintenance services. The company allows the customer to request the service through an online booking platform and provides mechanics after receiving a quote. The company was incorporated in 2015 and is based in Hamilton, Canada.

Hockeystick

Venture Round in 2018
Smart companies understand that investors want to know what's going on in your business. It's a key part of the venture investing model and the best investors are expecting more data and more discipline around sharing it. But it's not all about them. You benefit when your investors (and advisors) are better informed. It lets them jump in and help, whether it's opening that door or leading the next financing round.

Zoom.ai

Seed Round in 2018
Zoom.ai Inc. is a Toronto-based company that specializes in developing an artificial intelligence-driven automated virtual assistant. Founded in 2016, the software integrates with a user’s existing data to learn their preferences and streamline various operational tasks. It assists in meeting scheduling, workload management, and logistics coordination, while also providing features like reminders and warm introductions. The virtual assistant facilitates communication through popular messaging platforms, including Slack, Skype, Facebook Messenger, Google Hangouts, SMS, and GroupMe. By automating routine tasks, Zoom.ai aims to enhance productivity for enterprise managers and reduce workplace distractions.

KitchenMate

Convertible Note in 2017
Reshaping your food experience with the only automated restaurant for your workplace. Stay safe, stay on-site with real food, cooked anytime powered by our plug-&-play Smart Cooking System.

Acto

Seed Round in 2017
ACTO is an omnichannel education and engagement platform for life sciences companies. They use AI-powered mobile experiences and agency partnerships to educate and engage field reps, physicians and patients, while giving senior commercial and clinical leaders real-time insights. ACTO is a one-stop-shop sales, marketing, and training platform designed to help life sciences companies effectively communicate their clinical evidence story, increase sales, and gather field intelligence.

eleven-x

Seed Round in 2017
Eleven-X Inc. specializes in manufacturing wireless networking equipment that facilitates real-time data collection and connectivity for various applications, including smart cities, campuses, buildings, and industrial environments. Based in Waterloo, Canada, the company operates Canada's first and only coast-to-coast low power wide area network (LPWAN) based on the LoRaWAN standard, which supports a diverse range of Internet of Things (IoT) use cases. These include water monitoring, parking management, lighting control, asset tracking, and waste monitoring in urban settings, as well as environmental monitoring and preventive maintenance in industrial sectors. Eleven-X also caters to utilities, agriculture, and transportation, enabling both public and private sector clients to efficiently manage resources and enhance sustainability efforts. Founded in 2014, Eleven-X is a recognized member of the LoRa Alliance, contributing to advancements in wireless connectivity and IoT technology.

FleetRover

Seed Round in 2017
FleetRover Inc. is a Canadian company based in Kitchener, specializing in web-based fleet tracking software and mobile applications. Founded in 2015, FleetRover offers a platform that enables users to monitor their fleets and deliveries in real-time. The company focuses on the integration of GPS technology and information systems to enhance operational efficiency for trucking and delivery services.

Zoom.ai

Seed Round in 2017
Zoom.ai Inc. is a Toronto-based company that specializes in developing an artificial intelligence-driven automated virtual assistant. Founded in 2016, the software integrates with a user’s existing data to learn their preferences and streamline various operational tasks. It assists in meeting scheduling, workload management, and logistics coordination, while also providing features like reminders and warm introductions. The virtual assistant facilitates communication through popular messaging platforms, including Slack, Skype, Facebook Messenger, Google Hangouts, SMS, and GroupMe. By automating routine tasks, Zoom.ai aims to enhance productivity for enterprise managers and reduce workplace distractions.

Brüha

Seed Round in 2017
Brüha is an online event marketplace. We provide event organizers various tools and services to help them manage their events and sell tickets. Event organizers list and sell event tickets directly through the Brüha platform. They have an opportunity to hire Promoters on Brüha, who are vetted individuals and groups that sell tickets for a commission on the sale.

Intelocate

Pre Seed Round in 2017
Intelocate develops cloud based communication and execution platform which enables retailers configure a network of brand, vendor and sales associates to optimize execution in the retail channel. The company was founded in 2015 and is based in Toronto, Canada.

Sampler

Seed Round in 2016
At Sampler, we help consumer packaged good brands of all sizes and categories deliver physical samples to digitally targeted consumers. Our turnkey solution helps brands gather consumer feedback and demographic insights that will increase successful trial and in-turn conversion rates. Using Sampler, brands no longer need to hand out samples at random, and can get product into the right hands. We call it Direct to Consumer Product Sampling.

HTBASE

Seed Round in 2016
HTBASE delivers a unique Composable IT infrastructure solution to medium and large enterprises with its software-defined platform. Their goal is to enable organizations to transform their operations and deliver technology solutions on an efficient way. Through innovative product and services, HTBASE accelerates the journey to cloud computing in a more agile, trusted and cost-efficient way.

FleetOps

Seed Round in 2016
FleetOps is a freight marketplace based in Toronto, Canada, founded in 2014. The company has developed an application that connects freight from brokers and shippers, automating the allocation of loads to truck drivers. By leveraging data from telematics providers, FleetOps gathers extensive information on vehicle locations, typical routes, idle times, and driver behavior. This data is processed using AI and machine learning algorithms to identify the most suitable loads for each driver. Drivers interact with the system through a mobile application, which is required for compliance with electronic logging device regulations. In addition to facilitating load matching, FleetOps provides tailored analytics and key performance indicators specific to carrier trucking operations, enhancing efficiency and decision-making in logistics.