The Better Software Company, an L-SPARK Accelerator company, has announced a $750,000 injection of capital from a collective of Ottawa-based Angels from the Capital Angel Network with participation by Purple Angel, and The Investment Accelerator Fund (IAF) after a few months in the L-SPARK Accelerator program.
Recently recognized in the Branham 300 as one of the Top 25 Canadian Up and Coming ICT Companies, The Better Software Company provides a fully integrated Small Business Software solution delivered in the cloud to help owners improve and simplify their entire business.
The Ottawa-based start-up moved into L-SPARK’s office space in January 2015, and has since successfully closed their second investment round. This round was led by the Capital Angel Network, with participation by Purple Angel, IAF and existing investors, Wesley Clover International and Naavon Capital. With this investment the company has now raised a total of $840,000.
“I am overwhelmed by the support The Better Software Company has received from the Ottawa angel community. With this funding our focus will be to deliver simplicity and tight integration to the market of 21 million SME’s in North America,” said Steve Cody, Founder and CEO of The Better Software Company.
Through participation in the Accelerator program, The Better Software Company is now armed with an influx of capital that will allow them to grow operations and scale their business.
“This investment is one of the first rounds facilitated by our Enterprise SaaS Accelerator for the portfolio companies in our inaugural cohort. The Better Software Company is growing rapidly and this funding will fuel its future growth,” says Leo Lax, L-SPARK Managing Director.