Who: TeamBuy.ca, which offers group buying services in Canada.
How Much: $5-million from existing investors. Last July, the Toronto-based company raised $7-million last July from an institutional investor.
The Quote: “We’ve re-imagined the daily deal business model to fit a customer who is demanding more comprehensive and customized shopping,” said Ghassan Halazon, CEO, TeamBuy.ca. “Our current vertical offerings already account for nearly 35 per cent of our business and with the launch of the new Kids & Baby and Home sections on TeamBuy, we anticipate that this will rise to at least half of our overall product mix in the year ahead.”
As Eric Ries suggests in
In the lean world in which startups now operate, making good hires is more important than ever. In simple terms, startups can’t afford to make mistakes because the hiring process eats up a lot of valuable resources, particularly time.
Welcome to weekly recap of news from the Canadian startup landscape, as well as interesting blog posts and articles that caught my attention. If you have suggestions, tips or feedback, let me know by leaving a comment.
For startups, attracting someone’s attention, getting them to check out their product and, finally, having them sign up can be a long but satisfying journey.
Welcome to edition #3 of my weekly look at what’s happening within the Canadian startup landscape, as well as interesting blog posts about startups.