Good News Ventures

At Good News Ventures, we invest in early stage technology companies founded by true grit entrepreneurs. We back passionate and determined founders as they develop their impressive ideas into prominent businesses. We admire those who embrace the risk and uncertainty and aren’t afraid to break with convention. We invest in all sectors including AI, IoT, big data, B2B, cloud/SaaS, mobile, marketplaces, finance, healthcare, applications, infrastructure, networking, security, space technology, storage. Our partners provide significant value in strategic advice and networking. We have put together exceptional roster of advisors who have various background and can help entrepreneurs take ideas from a concept to a business through mentorships and guidance. We focus on providing exceptional value for the founders and remarkable returns for investors. We evaluate risk vs rewards and ensure potential returns are in line with our investment philosophy. The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark—Michelangelo

Flux, Michael

Investment Partner

Rudy Joss

Investment Partner

Mona Kung

Partner

Markandaier, Mohan

Founding Partner

Mukhamedyarov, Marat

Founding Partner

Past deals in Toronto

Hudson Labs

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

Coinchange

Seed Round in 2021
Coinchange is a Canadian fintech company founded in 2018 with the mission to enable access to a fair, innovative, and inclusive financial future for all. Coinchange provides cutting-edge products and services to businesses, individuals, and institutions looking to unlock the full potential of digital assets. A user-friendly platform and innovative solutions allow financial advisers, crypto hedge funds, and high net worth clients to automate earnings, invest in institutional crypto funds, trade seamlessly, and access yield as a service. Coinchange prioritizes security, compliance, and risk-mitigation, working with industry leaders, to earn and maintain the trust and assets of its clients. With Coinchange it's easy to automate earnings, invest in institutional crypto funds, and earn with confidence regardless of the market conditions due to their risk-managed yield strategies that provide a consistent return on investments. Join today and yield the impossible with Coinchange.

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
Webapp.io is a Y Combinator-backed developer tools company that helps developers build next generation web applications. They’ve built an extremely performant custom hypervisor that makes webapp development 10x faster by automating repetitive code review steps.

Funnelytics

Seed Round in 2020
Funnelytics is a customer journey mapping and analytics tool

Funnelytics

Seed Round in 2020
Funnelytics is a customer journey mapping and analytics tool

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.

Spellbook

Equity Crowdfunding in 2019
Spellbook is a legal software startup that specializes in developing a generative artificial intelligence tool for contract drafting aimed at legal professionals. Its technology harnesses advanced language models to enhance contracting performance, utilizing extensive legal datasets. The platform automates document creation and streamlines routine legal tasks, allowing law firms to draft and review contracts more efficiently. Additionally, Spellbook supports online collaboration, enabling law firms to maintain clients' minute books in a shared workspace, thereby improving client intake processes and overall service delivery.

Doorr

Pre Seed Round in 2019
Doorr provides a mortgage platform for brokers and financial institutions. Through an entirely digital experience, its platform enables brokers and financial institutions to connect and collaborate with their clients on pre-approvals, refinances, and purchases. The platform was created to simplify and provide consumers with visibility into the mortgage application and approval process.

Envoi

Pre Seed Round in 2018
Same day delivery. Returns. Exchanges. Envoi is a one-stop, national last mile partner that gives enterprise retailers end-to-end visibility, a consistent quality of service, and ensures their omnichannel investments don’t go to waste.

iRestify

Seed Round in 2018
iRestify is an enterprise-level facilities management platform that empowers property managers to run their operations more productively while elevating the experience of their tenants.

Lending Loop

Seed Round in 2018
Lending Loop is Canada's first peer-to-peer lending marketplace, dedicated to providing local businesses with accessible capital at fair interest rates. By eliminating costly intermediaries like banks, it facilitates a direct connection between Canadian businesses seeking funds and individual lenders looking for investment opportunities. Through its online platform, Lending Loop enables small businesses to secure debt financing efficiently, ensuring a straightforward application process and attractive returns for lenders. This model not only supports the growth of local enterprises but also fosters a collaborative financial ecosystem that benefits all participants.

#Paid

Convertible Note in 2018
#Paid is a technology company that provides a creative marketing platform designed to connect brands with social media creators for collaborative campaigns. The platform facilitates partnerships between brands and relevant creators, including artists, travelers, storytellers, and photographers, to enhance product placement on social media. By transforming creator-generated content into paid advertisements, #Paid enables authentic and engaging collaborations that allow brands to effectively reach their target audiences through the creators' established followings.

Hockeystick

Venture Round in 2018
Hockeystick operates an online financial data platform that connects startups with potential funders. Its cloud-based system automates data collection and reporting, providing private equity funds, venture capitalists, lenders, and companies with comprehensive reports and analytics. This enables users to monitor their portfolios effectively and drive growth. By enhancing transparency and communication, Hockeystick ensures that investors are well-informed about the businesses they support, allowing them to engage more actively, whether through strategic advice or facilitating future financing rounds.

CalendarHero

Seed Round in 2018
CalendarHero develops a digital assistant application designed to minimize the distractions at work from operational tasks. The company's digital assistant application is an automated virtual assistant that streamline office works including meeting scheduling, workload management, arranging contact list, setting reminders and storing background information, enabling enterprise managers to improve productivity at work.

KitchenMate

Convertible Note in 2017
KitchenMate is a provider of premium food vending and micro-market services, catering to offices, commercial buildings, schools, and hospitals in Toronto. The company aims to enhance on-site food services by offering fresh food options tailored for modern workplaces. KitchenMate's offerings include a smart fridge and cooker system, recyclable meal packaging, and in-app loyalty programs. Additionally, the company allows staff members to prepare meals for employees, facilitating easy access to shared dining experiences.

RYSE

Convertible Note in 2017
RYSE creates devices to motorize and automate window coverings. The RYSE SmartShade automates existing window shades that has a beaded chain or cord loop. RYSE was awarded the Motorized Product of the Year by the Consumer Technology Association in 2017, RYSE is compatible with a variety of window shades and allows you to control and schedule your shades from the comfort of your phone.

CalendarHero

Seed Round in 2017
CalendarHero develops a digital assistant application designed to minimize the distractions at work from operational tasks. The company's digital assistant application is an automated virtual assistant that streamline office works including meeting scheduling, workload management, arranging contact list, setting reminders and storing background information, enabling enterprise managers to improve productivity at work.

Intelocate

Pre Seed Round in 2017
Intelocate is a powerful and collaborative way to plan, launch, communicate and connect all layers of multi-location businesses and projects.

Sampler

Seed Round in 2016
Sampler is a provider of digital product sampling services. The company helps consumer-packaged goods brands of all sizes and categories deliver physical samples to digitally targeted consumers. Its turnkey solution helps brands gather consumer feedback and demographic insights that helps increase successful trials and in turn conversion rates.

FleetOps

Seed Round in 2016
FleetOps is a freight marketplace.It works by automating the allocation of loads to truck drivers that can deliver them. It does this by leveraging the data of telematics providers (ex. BigRoad.com) which provide thousands of data-points on vehicles, and by interacting with drivers through a mobile application which truck drivers are required to use called an ELD (read more here: http://bit.ly/2vqq4w7). This telematics data gives us information on: • Where trucks are • Where trucks are headed • What routes trucks typically use • When they’re handling a back-haul (return journey) • When trucks are idle, etc. • Driver behaviour • Available driving hours We run AI/ML algorithms against this and computationally determine which loads are most-appropriate for which drivers. When we make these determinations, we send drivers shipment opportunities
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