We are pleased to announce that our portfolio company, Sosido, has signed a customer agreement with the Canadian Association of Pharmacy in Oncology (CAPhO). CAPhO promotes the practice of oncology pharmacy in Canada by conducting educational events, maintaining appropriate professional practice standards, and facilitating communication between oncology pharmacists and other interested health professionals
We were pleased to be a part of Fundica’s Funding Roadshow 2013 held on May 24th in Vancouver. In addition to visiting our city, the Funding Roadshow travelled to five other major cities across Canada and included 180 talented entrepreneurs who were given the opportunity to pitch to a panel of funders.
LX Ventures is catching momentum, growing faster than expected, and we expect it to accelerate in Q4.
Our portfolio has increased to 14 high tech companies in the past quarter, and we are just getting started. My team and I are thrilled to have acquired Mobio Technologies and Sosido Networks. Both acquisitions present highly valuable growth opportunities for our Adtech and Healthtech vertical.
Last Friday Maura Rodgers, founder of Strutta and Mike Edwards, CEO of LX Ventures, hosted an in-depth information session on the Startup Visa Canada initiative, where they conducted a live question and answer period with angel investors, VC’s, and entrepreneurs both from in Canada and abroad.
“Those who cannot remember the past are condemned to repeat it”
- George Santayana
As someone who has spent a dozen years in the capital markets heavily in the areas of corporate finance and investor relations, I can say that it seems that several of us have lost sight of this quote. In Vancouver particularly, we have become somewhat like armchair geologists and have only invested our risk capital in the resource sector. The majority of the brokers and fund managers I call only have an interest in resource stocks. Now many only have a narrow mandate so this is somewhat to be expected however, as a manager of money, one has to read the writing on the wall and change accordingly. Continue reading
We are excited to announce that our wholly owned subsidiary, Fodio Technologies Inc., has brought on Gary Boddington as the new CEO. Gary joins the current Fodio team of Ray Walia, Director, and Kevin Rathbun, CFO. In his role at Fodio, Gary will be instrumental in developing Fodio into a global player in the back office management industry.
On May 17, the BCIC held a Royal Reception for HRH Prince Andrew, Duke of York, at the Vancouver Convention Centre to showcase British Columbia’s most innovative startups. Prince Andrew’s visit to Vancouver centred on his involvement and interest in the advancement of technology entrepreneurs in British Columbia and to better understand the tech ecosystem in Canada as a whole.
Earlier this month, we announced that we entered into a term sheet agreement to acquire Sosido Networks Inc. (Sosido), we are happy to announce that we have now completed the acquisition of Sosido.
As with our acquisition of Mobio last week, the completion of this acquisition marks a significant milestone in our high growth strategy of launching, acquiring, and integrating early stage high growth technology companies poised for breakout in the HealthTech, AdTech, and FinTech verticals. Continue reading
We’re growing again! Earlier this year, we announced five new additions to our Board of Advisors – you can read about them here and here. Now we would like to take this opportunity welcome three new additions to the LXV management team.
Joining our current management team of CEO Mike Edwards, COO Ray Walia, Director & Executive Chairman Keir Reynolds, and CFO Kevin Rathbun are the additions of Patrick Audley as VP Technology, Mark Binns as VP Marketing, and Bernd Petak as VP Operations.
“Patrick, Mark and Bernd bring extensive management and entrepreneurial success to LX Ventures. Their expertise will strengthen our ability to acquire, develop and accelerate our portfolio companies,” said Mike Edwards, President and CEO of LX Ventures. Continue reading