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Tuesday, April 16th, 2013

Fusebill Raises $2 Million From OMERS Ventures

 

 

Fusebill has received a $2 million Series A investment from OMERS Ventures and Covington Capital.

Tuesday, April 16th, 2013, Ottawa.

“We are thrilled with the support of OMERS Ventures and Covington Capital”. More and more businesses are turning toward subscription-based business models hosted in the cloud. In fact, Gartner Research expects that, by 2015, more than 40% of companies selling media and digital products will rely entirely on subscription management systems to manage their customer lifecycle.

This new investment gives Fusebill the resources to continue our rapid expansion, so businesses adopting subscription based business models have affordable access to business-critical capabilities.

Our focus on small-medium sized companies is one of the reasons both OMERS Ventures and Covington Capital found Fusebill attractive:

“Fusebill fills a big gap for small and medium-sized businesses that in the past haven’t been able to access or afford this kind of technology. This makes Fusebill a very compelling investment for OMERS Ventures.” Derek Smyth, Managing Director of OMERS Ventures.

“We are excited to partner with Fusebill’s complementary management team and OMERS Ventures in building this business.” Matt Hall, SVP Investments of Covington Capital.

All of us at Fusebill would like to send a big thank you OMERS Ventures and Covington Capital.

 

Sources

Techcrunch. https://techcrunch.com/2013/04/16/fusebill-raises-2m-from-omers-and-covington-to-expand-its-subscription-billing-software-for-smbs/

Ottawa Business Journal. http://www.obj.ca/

Yahoo. http://finance.yahoo.com/news/fusebill-announces-2m-investment-led-120000080.html

FInancial Post. http://business.financialpost.com/entrepreneur/fp-startups/startup-roundup?__lsa=fb20-0692

Benefits Canada. http://www.benefitscanada.com/news/omers-invests-in-fusebill-38137

Press Reader. https://www.pressreader.com/canada/ottawa-citizen/20130417/282282432781451

Venture Capital. http://www.venturecapitalupdate.com/funding/04/29/fusebill-raises-2-million-of-seed-funding.html

The Globe And Mail. http://www.theglobeandmail.com/report-on-business/small-business/sb-managing/loreal-makes-big-deal-with-kenyan-entrepreneur/article11277590/

Pulse 2. http://pulse2.com/2013/04/16/subscription-management-saas-company-fusebill-raises-2-million-84374/

VS Post. http://www.vcpost.com/articles/7887/20130417/omers-covington-capital-funds.htm

Serious Tech Lives Here. https://www.serioustechliveshere.com/software-saas-telecom-business-innovation-kanata-north/

Fortune Magazine. http://fortune.com/2013/04/16/venture-capital-deals-331/

Beta Kit. http://betakit.com/subpac-is-the-new-musical-experience-studiofeed-brings-music-into-the-physical-realm-with-the-creation-of-a-tactile-audio-device/

Venture Deal. http://www.venturedeal.com/VentureCapital/a106edd2-1a6d-44f4-98a1-08a2af90a1b0/Fusebill-Receives-$2-million/Default.aspx

Startup Ottawa. http://www.startupottawa.ca/2013/04/29/canadian-startup-fusebill-raises-2-million-from-omers-ventures-and-covington-capital/


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