The Venture Codex

Led · Equity · Oct 2017

Goldmoney operates a platform enabling users to acquire, store, and spend gold held in secure vaults, and recently expanded wallet functionality to buy, sell, and exchange cryptocurrencies alongside nine global fiat currencies and multiple precious metals. The company launched BlockVault, a subsidiary to provide institutional-grade custodial and investment services for blockchain assets, and plans to use new funding to further develop its blockchain offerings. Goldmoney will power a planned ColdBlocks product—insurable, auditable vaulted-cryptocurrency assets redeemable at LBMA-eligible vaults—scheduled for release at year-end. The firm intends to hire a Toronto-based sales team to market these services to regulated financial service providers, brokerages, investment managers, and high-net-worth individuals. Goldmoney emphasizes institutional auditability and regulatory assurances as differentiators versus existing cryptocurrency custodians.

Participated · Equity · Apr 2010

NexJ Systems provides innovative customer-centered enterprise solutions for the finance, insurance, and health care industries. The company's offerings target financial services, insurance firms, and health‑care providers with enterprise software focused on customer workflows. In April 2010 NexJ secured $22.5M in private financing to support its growth. Investors in the round include GMP Securities L.P., Canaccord Adams Inc., and Wellington West. According to chairman and CEO William M. Tatham, the funds will enable continued rapid growth in financial services and insurance and accelerate investment in people-centered eHealth solutions. The company was founded in 2003 by former executives of Janna Systems and is based in Toronto, Ontario.

Led · Series D · Jul 2009

Quickplay operates an end-to-end managed video platform that powers premium video and TV to any device for service providers and content providers. The company distributes 700 live channels, manages 2 million VOD assets, maintains content connections to 250 premium content providers and serves an addressable market of over 700 million subscribers. Quickplay counts major service providers such as AT&T, Bell and TELUS among its customers and has received more than $150 million of total investment since its 2003 inception. The company will use recent financing to scale its managed video platform, reduce content-delivery inefficiencies, and further monetize live and on-demand premium video using cloud economics. Quickplay accelerated its LTE Broadcast strategy with the March 4, 2015 acquisition of Roundbox Inc. to enable multicast and unicast delivery across mobile networks. It operates facilities in Toronto, San Diego, Singapore, Chennai and Frankfurt and plans continued investment to support Next Generation TV capabilities such as Android TV and LTE Broadcast. QuickPlay Media is a Toronto, ON-based provider of cloud-based infrastructure and managed service solutions for distributing premium video to IP-connected devices. Led by CEO and founder Wayne Purboo, the company serves large communications and media customers including AT&T U-verse, Bell, Research In Motion (RIM), Rogers Communications, Samsung, SIRIUS XM Radio, Television Broadcasts Limited (TVB) and Verizon. In June 2011 QuickPlay acquired the network operations center assets of FLO TV from Qualcomm as part of its U.S. expansion, broadening its abilities to manage on-demand content and live TV coverage of major sporting and news events. The company received an approximately $100m equity investment from funds affiliated with Madison Dearborn Partners. Following the close, Madison Dearborn and QuickPlay’s employees own the majority of the company, with a limited number of minority shareholders including Toronto-based Difference Capital Inc. QuickPlay intends to use the proceeds from the investment to continue to expand. QuickPlay Media provides mobile video services and powers Sirius' smartphone service. Its offering includes several dozen TV shows and is currently available only on BlackBerry devices. The company has obvious expansion plans, and the article suggests an iPhone play may be likely. QuickPlay announced a $12 million financing led by GMP Securities with participation from existing investors. Industry heavyweights such as Qualcomm and Cisco are increasing efforts to push mobile video, particularly as an advertising medium. The company is positioned to benefit as smartphones become powerful enough to play more video. QuickPlay Media operates the OpenVideo platform, which powers mobile video services for 10 major mobile operators in Canada and the United States. The platform delivers both live and on-demand content from more than 120 different media companies. Key features of the OpenVideo service delivery platform include a content management system, open APIs for partner integration, and advanced service delivery capabilities. The company provides its technology to carriers to enable mobile TV and video services. Financially, QuickPlay announced it has raised $15 million in a third round of capital. QuickPlay Media is described in the articles as a leading provider of mobile video and rich-media services. The company announced the completion of a $12 million Series B during the CTIA Wireless IT & Entertainment Conference. The announcement is datelined Toronto & Los Angeles. The articles repeat QuickPlay's positioning around mobile video and rich media but do not provide details on product roadmap or specific future plans. No operating metrics, investors, or uses of proceeds were disclosed in the provided text.