Maple Leaf Angels Announces MLA48 Fund II

New Fund to be Larger in Size and Scope

Representatives from Maple Leaf Angels Capital Corporation and Sponsors stand with the first limited partner of MLA48 Fund II

Representatives from Maple Leaf Angels Capital Corporation and Sponsors stand with the first limited partner of MLA48 Fund II

Toronto, ON (Oct 5, 2016) - Maple Leaf Angels (MLA) and Maple Leaf Angels Capital Corporation (MLACC) are pleased to announce the launch of their second Angel Investment Fund, MLA48 Fund II.

The new partnership will be restricted to 48 limited partners and will build on the success of Fund I with expanded size and scope.

“MLA48 Fund I was a phenomenal first step in changing the way investors and entrepreneurs think about raising money in Canada,” said Gerard Buckley, Chair of the Board, Maple Leaf Angels Capital Corporation. “With this next fund, we will have an even greater impact on the Canadian startup community.”

MLA48 launched in 2014 as a new and innovative way for promising young companies in the information, communication and entertainment sector in southern Ontario to obtain early stage financing. Since launch, MLA48 has invested in Orchard, Sharethebus, ConferenceCloud, and Oneset. In addition to the $60,000 seed investment from MLA48, three investee companies secured follow-on funding from MLA members.

“We are excited to launch MLA48 Fund II and continue the momentum we have built in the Angel Investing community,” added Brandon Corman, Managing Director of MLA. “We couldn’t have done this without the help of our exceptional legal partner, Aird & Berlis, and the support of all our sponsors.”

“We are very pleased to continue our partnership with Maple Leaf Angels,” said Mat Goldstein, one of the leaders of Aird & Berlis LLP’s Startups Team. “As a strong supporter of startups, we look forward to continuing to provide our legal knowledge and expertise to both founders and funders across Canada.”

Maple Leaf Angels is sponsored by Aird & Berlis, BMO Bank of Montreal, BDO Canada, BrightLane, Jones Deslauriers Blevins and ADP.

 

About MLA48

Established in 2014, MLA48 is a limited partnership designed to foster innovation in Ontario by accelerating funding timelines for Ontario's brightest entrepreneurs while providing diversification for accredited investors. The limited partners are MLA members who invest collectively and the general partner is Maple Leaf Angels Capital Corporation, a subsidiary of Maple Leaf Angels Corporation. 

For more information please visit mapleleafangels.com/mla48fund and follow us on Twitter at @MLA48LP.

 

About Maple Leaf Angels

Established in 2007, Maple Leaf Angels (MLA) is a not-for-profit membership organization. Our mandate is to connect accredited investors with the brightest, most passionate entrepreneurs in a streamlined process within the larger entrepreneurial eco-system.

For more information please visit mapleleafangels.com and follow us on Twitter at @mapleleafangels.

 

About Aird & Berlis

Aird & Berlis LLP is a leading Canadian law firm based in Toronto, serving clients across Canada and globally. The firm’s practice encompasses all principal areas of business law, including corporate/commercial, corporate finance, banking, insolvency and restructuring, energy, environmental, infrastructure/P3, technology and intellectual property, litigation, labour and employment, municipal and land use planning, real estate and tax. The firm’s diverse client base ranges from entrepreneurs to multinational corporations.

 

For More Information

To learn more please contact:

Brandon Corman
Managing Director, Maple Leaf Angels
(416) 646-6235
brandon@mapleleafangels.com

Mat Goldstein
Associate, Aird & Berlis LLP
(416) 865-4637
mgoldstein@airdberlis.com


 

MLA is looking for our next Managing Director!

Job Title:                     Managing Director

Job Type:                     Full Time
Location:                      Toronto, ON, CANADA;
Job Category:              Management /Business Development
Industry:                       Capital Markets
Year(s) of Experience: 2-5
Number Of Positions:   1
Salary:                         Competitive salary commensurate with relevant experience

To apply Confidentially: ConfidentialApplications@mapleleafangels.com

Maple Leaf Angels Introduction:

Funding Ontario’s most promising new companies, Maple Leaf Angels is a non-profit organization with a membership of experienced high net worth private individuals who invest in seed and early stage technology companies. While investments are made individually, MLA members enjoy the benefit of best practices and the collective knowledge and networks of the group.  Our mandate is to connect experienced, accredited investors and the brightest, most passionate entrepreneurs in a stream lined expert process within the larger entrepreneurial eco-system. By bringing together investment, experience and a network of partners, MLA enables high potential companies to grow, realize their potential and offer excellent returns.   

We offer a dynamic entrepreneurial environment that fosters creativity and provides unlimited opportunities for personal and professional growth.

We are currently looking for a qualified candidate to lead and promote our organization in the start-up ecosystem. Working with our Board of Directors, our Associate Director and our lead partners, you will be focused on delivering the strategic goals for the organization.

We want to move fast and are looking for the right combination of broad skills and the willingness to pitch-in and get things done.

Position Description / Responsibilities:

Are you up for the challenge?

If you’ve got the skills, we’ve got a very satisfying job for you in a working environment designed to bring out your best - your ambition and drive to succeed will be recognized, supported... and rewarded.

Reporting to and working collaboratively with the Board of Directors, the Managing Director (MD) will have overall strategic and operational responsibility for Maple Leaf Angels programs, expansion, and execution of its mission.  

In this role you will be recruiting for, as well as representing, our organization to our ecosystem of prospective and existing members, entrepreneurs, volunteers, board members, committees, founders, sponsors, government funders, and partnering organizations.

You will be engaging our eco-system members to understand their business priorities, determining the appropriate fit, and executing an appropriate engagement strategy to bring them into the MLA family.

You will be required to manage a quota with the primary objectives of creating valuable deal flow and investments for our members, new member recruitment and satisfaction, securing ongoing government grants and other forms of funding, and new business development with prospective partners.  

Candidates should be comfortable working in a fast-paced dynamic atmosphere, where performance is expected and rewarded.  

Requirements: 

The MD will be a credible, professional, respected representative of the organization in the entrepreneurial eco-systems in which it operates. The ideal candidate should have proven leadership, coaching, and relationship management experience. Concrete demonstrable experience and other qualifications include:

       Advanced degree, ideally an MBA, with 2 to 5 years of management experience with demonstrated business development success;

       Demonstrated ability to turn business strategies into effectively executed plans;

       Ability to manage a budget, and maintain complete and accurate records;

       Ability to lead, guide, motivate and train a combination of paid and volunteer staff and Board Members.

       Marketing, public relations, and fundraising experience with the ability to engage a wide range of stakeholders and cultures would be an asset

       Training and coursework necessary to be registered as a Chief Compliance Officer and Designated Trader for a Exempt Market Dealer with the Ontario Securities Commission would be ideal

       Experience working in the Capital Markets ecosystem would be an asset;

       Experience working within the entrepreneurial ecosystem would be an asset;

       Strong written and verbal communication skills; a persuasive and passionate communicator with excellent interpersonal and multidisciplinary project skills

       Action-oriented, entrepreneurial, adaptable, and innovative approach to business planning and operations.

       Strategic thinker with excellent analytical skills with strong attention to detail.

       A team player with strong EQ, relationship, consultation, and interpersonal skills.

       Ability to multi-task and juggle many projects at once in a fast paced environment.

       Strong verbal and written presentation skills and a highly professional, polished image.

       Successful experience in working with and submitting proposals to all levels of government in sourcing and securing program funding.

       Flexible schedule and able to work evenings and travel when required.

       Proficiency with Word, PowerPoint and Excel programs.

UTEST & MLA Partner to Assist Start-Ups

From April 15 to May 27, 2016, the University of Toronto Early-Stage Technology (“UTEST”) Program, in partnership with angel investor group Maple Leaf Angels (“MLA”), is accepting applications from companies seeking startup funding, strategic mentoring and office space. The UTEST Program assists emerging startups with seed funding, 12 months of incubation space at the Banting Institute in downtown Toronto, exposure to entrepreneurial education provided at MaRS and business strategy support from experienced mentors. The application and relevant timelines can be found here

This will be UTEST’s fifth call for companies and is the first time UTEST will be partnering with MLA through the MLA48 program, which assists local startups gain access to investment opportunities on accelerated timelines. MLA48 is a limited partnership comprised of accredited investors that are also MLA members. The organization considers investing up to $60,000 per company into early-stage startups that have yet to receive seed funding. Through this new partnership, UTEST is now able to invest $110,000 per company in up to 10 companies that are successful in applying to the UTEST Program. 

See the original story at StartupSource.ca

MLA48 Angel Investment Fund Completes Fourth Investment

MLA48 invests in Waterloo-based fitness platform Oneset

Toronto, ON - MLA48, Canada’s first angel investment fund that is committed to providing a 48-hour turnaround on investment decisions, announced its fourth investment in Oneset. The Oneset platform is a multi-dimensional networking tool for all categories of trainers, athletes, and fitness enthusiasts. Oneset provides exclusive content and a platform to connect members with renowned fitness personalities.

Oneset was founded in 2015 by University of Waterloo Alumni Amad Abdullah, George Xu, Moez Bhatti and Omas Abdullah. The Oneset team recently graduated from the FounderFuel accelerator program in Montreal and now call Waterloo’s Velocity Garage home.

"It's been a great experience working with the MLA48 team,” said Amad Abdullah, CEO of Oneset. “The financing process was transparent, smooth, and expeditious.”

“We are extremely pleased to add Onset to our portfolio,” commented Brandon Corman, Managing Director of MLA48. “Amad and his team are passionate, driven and talented entrepreneurs. The platform’s rapid user growth and high member retention since launching four months ago clearly indicates that Oneset is addressing an unmet need within the fitness market.”

Pictured above: Amad and the Oneset team

Pictured above: Amad and the Oneset team

 

About MLA48

Established in 2014, Maple Leaf Angels 48 Fund I Limited Partnership (MLA48) is a limited partnership designed to foster innovation in Ontario by accelerating funding timelines for Ontario's brightest entrepreneurs while providing diversification for accredited investors. The limited partners are MLA members who wanted to invest collectively and the general partner is Maple Leaf Angels Capital Corporation, a subsidiary of Maple Leaf Angels Corporation. 

For more information please visit mapleleafangels.com/mla48fund and follow us on Twitter at @MLA48LP.

 

About Maple Leaf Angels

Established in 2007, Maple Leaf Angels (MLA) is a not-for-profit membership organization. Our mandate is to connect accredited investors and the brightest, most passionate entrepreneurs in a streamlined process within the larger entrepreneurial eco-system.

For more information please visit www.mapleleafangels.com and follow us on Twitter at @mapleleafangels.

 

About Oneset

Founded in 2015 by University of Waterloo alumni, Oneset is an online fitness community to connect trainers, athletes, and enthusiasts. What started out as a platform to connect fit moms, has turned into a multi-dimensional networking tool for all categories of fitness. Through partnerships with industry experts, Oneset provides exclusive content and a platform to connect with renowned fitness personalities. The team recently graduated from the FounderFuel accelerator program in Montreal.

To learn more about Oneset please visit https://www.oneset.co, follow them on twitter @onesetapp, or download the app!

  

For More Information

To learn more about Maple Leaf Angels, MLA48, or Oneset please contact: 

Brandon Corman

Managing Director, Maple Leaf Angels

(416) 646-6235

brandon@mapleleafangels.com

 

Amad Abdullah

Co-Founder & CEO, Oneset

(519) 221-2623

amad@oneset.co

 

MLA48 Angel Investment Fund Completes Third Investment

MLA48 leads ConferenceCloud pre­seed round in cooperation with UTEST

TORONTO, CANADA (January 11, 2016) MLA48, Canada’s first angel investment fund committed to providing a 48-hour turnaround on investment decisions, has announced its third investment in ConferenceCloud, an innovative digital platform that provides a virtual solution for the next generation of hybrid conference events.

Founded in 2014 by siblings Olivia and John-Alan Simmons, Conference Cloud empowers conference organizers to take their content online and sell tickets to virtual attendees around the globe by aggregating interactive content, ticket sales, and virtual networking in one easy-to-use digital location. As a bonus for organizers seeking additional revenue streams through hybrid models, the platform also stores content for after-the-fact streaming. ConferenceCloud is a graduate of the 2015 University of Toronto Early Stage Technology (UTEST) program cohort.

“Olivia and John-Alan are a star co-founding team and we look forward to seeing ConferenceCloud become the next success story in the Toronto start-up ecosystem,” said MLA48 Managing Director, Brandon Corman. “One of MLA48’s goals is to collaborate with university accelerators such as UTEST and give talented young entrepreneurs the financing to really think big.”

MLA is an exceptional group of distinguished individuals with a vast array of backgrounds to learn from. Our experience with MLA48 throughout the process was supportive, informative, and motivational,” said Olivia Simmons, co-founder and CEO of ConferenceCloud. “They worked hard to understand our business and provided invaluable advice. As an early-stage entrepreneur, you spend a lot of time waiting for decisions and responses. MLA48’s dedication to fast decisions puts them a cut above the rest.”

“Three months after launch, we see demand for ConferenceCloud’s solution taking off,” said Mike Betts, co-director of the UTEST incubator. “We anticipate this financing round will help make 2016 a year of immense growth for ConferenceCloud.”

About MLA48

Established in 2014, MLA48 Fund I Limited Partnership (MLA48) is a limited partnership designed to foster innovation in Ontario by accelerating funding timelines for Ontario's brightest entrepreneurs while providing diversification for accredited investors. The limited partners are MLA members who want to invest collectively and the general partner is Maple Leaf Angels Capital Corporation, a subsidiary of Maple Leaf Angels Corporation. For more information please visit mapleleafangels.com/mla48fund and follow us on Twitter at @MLA48LP.

About Maple Leaf Angels

Established in 2007, Maple Leaf Angels (MLA) is a not-for-profit membership organization. Our mandate is to connect accredited investors and the brightest, most passionate entrepreneurs in a streamlined process within the larger entrepreneurial eco-system. For more information please visit www.mapleleafangels.com and follow us on Twitter at @mapleleafangels.

About ConferenceCloud

ConferenceCloud is a virtual platform for conference events, founded in 2014 by Olivia Simmons and John-Alan Simmons. Their technology empowers conference organizers to take their content online and sell tickets to virtual attendees around the globe. https://www.conferencecloud.co/

About UTEST

The University of Toronto Early-Stage Technology (UTEST) program is a 12-month incubation and acceleration program co-managed by the University of Toronto and MaRS Innovation that allows selected U of T- affiliated early-stage start-up companies to incorporate, access office space, receive mentorship and access $30,000 in funding, with opportunities to access follow-on funding from MaRS Innovation. UTEST was named one of Canada’s most promising start-up accelerators in an online series by BetaKit, a digital publication that covers Canadian technology, and was recognized by BlogTO as one of the city’s Top 10 Accelerators. For more information, visit http://utest.to or follow us on Twitter at @UTESTto.

Media Contacts

To learn more about Maple Leaf Angels, MLA48, or ConferenceCloud please contact:

Brandon Corman

Managing Director (416) 646-6235

brandon@mapleleafangels.com

Olivia Simmons

Co-Founder & CEO (647) 779-1550

olivia@conferencecloud.co

Home Care Software Startup Raises an Additional $3.6 Million to Accelerate Growth

TORONTO, ONAlayaCare, a home healthcare software startup, today announced that it has raised $3.6 million in its latest round of funding as it accelerates client management, research and product development, and its expansion in the US market. AlayaCare’s proprietary platform provides its clients with an integrated solution that combines back office functions such as scheduling, invoicing, and time and attendance, with clinical documentation and a suite of mobile solutions for care workers and family members.

“With the growing trend toward home-based health care, we’ve seen first-hand how the adoption of new technologies can dramatically improve the day-to-day needs of health systems and the home care providers that support them,” said Adrian Schauer, CEO of AlayaCare. “This capital will accelerate our ability to support our growing number of home and community care partners.”

This round of funding included several strategic angel investors and institutional investors such as Recap Health Ventures, a leading investment fund with an expertise in innovative healthcare markets.

“We believe that the future of home and community care consists of great in-person visits combined with best-in-class technology supporting the caregivers, patients and their families,” said Rich Osborn, Managing Partner of RecapHealth Ventures. “We have evaluated numerous solutions and companies over last several years and believe strongly that Adrian and his team have the potential to dominate this high growth and vitally important market.”

“The home-based health care space is complex with several legacy players and we believe that technology is the key to unlocking the potential of this market.” noted Brandon Corman, Managing Director of Maple Leaf Angels. “Our investors are extremely proud of what Adrian and the team have accomplished and are excited to participate again in this financing.”

The investment, which also included funding from several AlayaCare employees, will help the organization double in size, bringing the employee count to 50.  “Our employees are passionate about working with our clients because they realize the exceptional value and benefits that our software solution delivers,” said Schauer. “I am very honored to lead such a great team.”

Ultimately, many of AlayaCare’s enterprise clients will benefit from this capital as the team will be able to accelerate timelines while delivering the best care possible. The investment will also fuel a number of strategic initiatives from AlayaLabs, which aims to further disrupt the delivery of care through advance technologies such as machine learning, big data analytics and other optimization efforts.

”With the tools AlayaCare brings to the table, we recognize that there is a huge opportunity to improve the efficiency and effectiveness of homecare – and this injection of funds will ensure that we have the resources to capitalize on that opportunity,” said Schauer.

Over time, AlayaCare’s goal is to transform the way home care is delivered through next-generation technologies that allow the integration of Remote Patient Monitoring and Telehealth with traditional face-to-face in-home care. AlayaCare’s Machine Learning algorithm-based clinical support tools and open web architecture allow for better coordination and quality of care across the healthcare continuum.

About AlayaCare

AlayaCare is a provider of revolutionary cloud-based home healthcare software. With a product spanning Clinical Documentation, Back Office Functionality, Client and Family Portals, Remote Patient Monitoring, Telehealth and Mobile Care Worker apps, AlayaCare offers a platform for homecare providers to achieve better outcomes for patients and payers.. For more information, visit www.AlayaCare.com

About RecapHealth Ventures

RecapHealth Ventures is a unique investment fund delivering financial and social impact by investing in global health care innovation. Our investment team has expertise in Canadian, US and European health care markets and is supported by an extended team of advisors with deep domain knowledge in our targeted sectors. For more information, visitwww.recaphealthventures.com 

About Maple Leaf Angels

Established in 2007, Maple Leaf Angels (MLA) is a not-for-profit membership organization. Our mandate is to connect accredited investors and the brightest, most passionate entrepreneurs in a stream-lined process within the larger entrepreneurial eco-system.For more information please visit https://www.mapleleafangels.com/ and follow us on Twitter at @Mapleleafangels

### 

Contact:

Randi Baxter

AlayaCare

(855)-858-5214

randi.baxter@alayacare.com

MLA48 Angel Investment Fund Completes Second Investment

MLA48 leads $750K Seed Financing Round in Sharethebus

August 20, 2015

Toronto, ON- Today MLA48, Canada’s first angel investment fund that is committed to providing 48 hour turnaround on investment decisions, announced its second investment in high-growth start-up, Sharethebus. Sharethebus is a company that is revolutionizing the ride sharing industry. The initial investment from MLA48 spurred over $690,000 of further investment from the broader Maple Leaf Angel membership and other independent investors.

Sharethebus was founded in Montreal in 2014 by Kyle Boulay and Wolf  Kohlberg.  Sharethebus is a technology powered marketplace for private/ride-share charter buses. The technology gives people the tools to join, create and share private buses to their shared destination of choice. Sharethebus provides a unique approach to solving the previously untouched problem of being able to find a reliable, customized and inexpensive method of transportation to and from events. Sharethebus’ management team drew upon their substantial technology and transportation experience to bring this solution to life. MLA48 is excited to be leading this round and providing this high-potential investment opportunity to the MLA membership. 

 “The MLA48 Fund is well-connected, with a very efficient and straightforward financing process, which was exactly what we were looking for in an early stage investor” Kyle Boulay, the co-founder of Sharethebus stated, “Our experience working with MLA has been very positive, professional and rewarding and we will be recommending them without hesitation to our peers.”

“Sharethebus is a great addition to our portfolio as we are constantly searching for Canada’s best entrepreneurs who demonstrate dedication, tenacity and drive,” said Brandon Corman, Managing Director of MLA48. “Our goal at MLA48 is to change the way founders think about raising money in Canada.”

About MLA48

Established in 2014, Maple Leaf Angels 48 Fund I Limited Partnership (MLA48) is a limited partnership designed to foster innovation in Ontario by accelerating funding timelines for Ontario's brightest entrepreneurs while providing diversification for accredited investors. The limited partners are MLA members who wanted to invest collectively and the general partner is Maple Leaf Angels Capital Corporation, a subsidiary of Maple Leaf Angels Corporation. 

For more information please visit https://www.mla48.com/ and follow us on Twitter at @MLA48LP.

About Maple Leaf Angels

Established in 2007, Maple Leaf Angels (MLA) is a not-for-profit membership organization. Our mandate is to connect accredited investors and the brightest, most passionate entrepreneurs in a stream-lined process within the larger entrepreneurial eco-system.

For more information please visit https://www.mapleleafangels.com/ and follow us on Twitter at @Mapleleafangels

About Sharethebus

Founded in 2014, Sharethebus is technology powered marketplace for private/ride-share charter buses. Sharethebus gives people the tools to join, create and share private buses to their shared destination of choice. With Sharethebus, booking a seat on a chauffeured charter bus will soon be as easy as hailing a cab from your phone.

For more information please visit https://www.sharethebus.com/

For More Information

To learn more about Maple Leaf Angels, MLA48, or Sharethebus please contact:

Brandon Corman 
Managing Director
(416) 646-6235
brandon@mapleleafangels.com 

Kyle Boulay
Co-Founder
(844) 428-7568
kyle@sharethebus.com 

 

 

MLA at TechTO

On August 10, 2015, Maple Leaf Angels participated in TechTO’s monthly Knowledge + Networking Event at the TELUS House. The event featured keynote presentations by Dessy Daskalov from Nudge Rewards, Darrell Heaps from Q4 Websystems, Phil Jacobson from PumpUp, Mallorie Brodie from Bridgit and Zaheed Poptia from CardSwap. The evening kicked off with networking accompanied with food and beverages, it was then followed by the presentations and an open mic forum. Along with providing information on the Maple Leaf Angels organization, MLA hosted three companies as guests at the demonstration booths; Hynt, Avertus& Neuranet. Over 400 guests attended the event, mainly from Toronto’s tech community, in support of the TechTO. The goal of the TechTO Knowledge + Networking Events is to advance Toronto’s booming tech scene. The next event will be taking place on September 21, 2015 at the TELUS House. If you are interested in watching the keynote presentations, you can watch them below. 

 

Annual General Meeting Pictures

The Annual General Meeting which took place on June 10th, 2015 at the Gladstone Hotel allowed members and guests to mingle, enjoy dinner, a speech by our keynote speaker, Daniel Debow, and a series of awards. Below are a few snapshots of the evening. We look forward to another year of connecting members with exceptional and promising entrepreneurs and thank you again for joining us.

2015 Maple Leaf Angels Annual General Meeting

On June 10th, 2015, the Maple Leaf Angels Corporation held its Annual General Meeting at the Gladstone Hotel. The night was filled with enticing conversations about innovative concepts, entrepreneurs, and Angels. The Canadian Angel of the Year, Daniel Debow, gave a keynote emphasizing the importance of trusting your intuition and adding value to the startup ecosystem. The concepts of paying it forward and success in the terms of giving back resignated in the crowd. The evening was highlighted with anticipation for the presentation of the annual Angel of the Year Award. Two new awards that were presented; the New Member of the Year Award and the Company of the Year Award. 

We were pleased to announce Gerard Buckley as the 2015 Angel of the Year as demonstrated through his exceptional commitment to the MLA community. After three years as Chair of the MLA board, past Treasurer of MLA, LP in the MLA48 Fund, lead director of the MLACC Board, active  mentor within the start-up ecosystem, and avid speaker promoting MLA and Angel investing, Gerard’s dedication to both the Maple Leaf Angels and Angel Investing as a whole has been exceptional.

The inaugural 2015 New Member of the Year Award, is presented to a new member who has provided a significant contribution to MLA and the angel investing ecosystem. Edel Ebbs currently serves on the MLA48 Investment Committee,,was the first LP in the MLA48 fund, has been elected to the MLA Board in 2015-2016, and has invested in three out of the ten deals in the 2014- 2015 investment year. It is evident that Edel has created strong ties within the Angel ecosystem and has been a great addition to the Maple Leaf Angel community. 

The inaugural 2015 Company of the Year Award is presented to a company that has achieved exceptional growth and engagement with the MLA membership. ChipCare has greatly involved in the Angel community with 15 MLA members investing in ChipCare, and 2 MLA members currently serving on ChipCare’s board of directors. Due to the promising success of ChipCare, MLA members have invested $4.6 million over two rounds of financing.

 As we were saddened to say goodbye to our Chairperson of the past three years, Gerard Buckley, we value his vision for the Maple Leafs Angels Corporation to be for the members, by the members, with the members. We look to the future of this organization with excitement and anticipation as we continue to connect members with exceptional and promising entrepreneurs.

MLA48 Angel Investment Fund Completes First Investment

Toronto, ON- MLA48, Canada’s first angel investment fund committed to providing 48 hour turnaround on investment decisions, today announced its first investment in high-growth start-up, Orchard Labs Inc. The initial investment from MLA48 spurred over $500,000 of further investment from the broader Maple Leaf Angel membership and other independent angel investors.

Orchard Labs was founded in Toronto in 2012 by Alex Sebastian, Bruno Wong, and Hamza Javed.  Orchard enables the buying and selling of pre-owned iPhones through a unique, secure solution.  Customers deal exclusively with Orchard, and the company’s innovative approach to the process eliminates safety and quality concerns for both sides in the transaction.  Orchard’s management team brings a diverse background of experiences, a disruptive business model and a strong growth profile, which are key elements in the MLA48 criteria for investment. MLA48 is excited to be leading this round and providing this high-potential investment opportunity to the MLA membership. 

"The MLA 48 Fund's investment ‎process was clearly articulated at the very start, and I was always clear on where Orchard stood in that process,” said Alex Sebastian, co-founder of Orchard. “I am excited to work with the MLA team, who have the background and depth of experience to open doors for Orchard that would otherwise be unavailable."

“The Orchard investment is a great start for MLA48 and the investment process was fast and efficient as planned,” said Brandon Corman, Managing Director of MLA48. “We believe that this first investment will entice more startups to apply to MLA48 both for rapid access to funding and to benefit from the mentorship, relationships, and experience of our membership. Our goal at MLA48 is to change the way founders think about raising money in Canada.”

About MLA48

MLA48 is a limited partnership designed to foster innovation in Ontario by accelerating funding timelines for Ontario’s brightest entrepreneurs while providing diversification for accredited investors. Established in 2014, MLA48 is led by Maple Leaf Angels Capital Corporation in collaboration with Maple Leaf Angels Corporation.

For more information please visit www.mla48.com and follow us on Twitter at @MLA48LP .

About Maple Leaf Angels

Established in 2007, Maple Leaf Angels is a not-for-profit organization. Funding Ontario’s most promising new companies, Maple Leaf Angels is an experienced group of high net worth private individuals who invest in seed and early stage technology companies. While investments are made individually, MLA members benefit from experience with best practices in early stage investing and from the collective knowledge and networks of the group.

For more information please visit https://www.mapleleafangels.com or follow us on Twitter at @mapleleafangels

About Orchard

Founded in 2012, Orchard is an innovative platform for buying and selling used iPhones based in Toronto, Ontario. They handle it all: from assessing the phone’s condition to brokering shipping and payment.

Orchard is unique because they take the guesswork out of finding a fair price for a used phone.

https://www.getorchard.com

For More Information

To learn more about Maple Leaf Angels or MLA48, please contact:

Brandon Corman

Managing Director

(416) 646-6235

brandon@mapleleafangels.com

Alex Sebastian

Co- Founder

(416)-697-2772

alex@getorchard.com

Maple Leaf Angels Announce MLA48, Canada’s First Angel Investment Fund: Fund commits to 48 hour turnaround of Investment Decisions

Toronto, ON – Maple Leaf Angels Corporation, is pleased to announce the creation of Maple Leaf Angels Capital Corporation and the launch of a limited partnership, known as MLA48; Canada’s first angel investment fund that commits to make investment decisions within 48 hours. The Fund will provide a new and innovative way for promising young companies in the information, communication and entertainment sector in southern Ontario to obtain early stage financing. MLA48 will offer companies coaching and mentorship, networking opportunities, and access to follow-on funding from the Maple Leaf Angels network. The Fund will also allow accredited investors that are members of Maple Leaf Angels Corporation to participate in a portfolio of early stage investment opportunities.

Feedback from entrepreneurs consistently highlights the long lead times associated with the traditional angel investment process as a significant challenge to meeting their financing requirements.  Based on this, MLA48 commits to deliver an investment decision to applicant companies within 48 hours of delivering their pitch to the Fund’s investment committee.

Maple Leaf Angels is excited about increasing the investment opportunities for its members while further building the entrepreneurial ecosystem. We are proud of our affiliation with our network of public and private sector partners that are helping us to bring this initiative to the startup community.” said Gerard Buckley, Chair of the Board, Maple Leaf Angels. “In addition, members of MLA can benefit from the diversification of a portfolio approach to investment through participation in the MLA48 Fund.” 

"We are looking forward to helping entrepreneurs by streamlining the early stage investment process and providing structured mentoring to investee companies. Helping startups grow is the cornerstone of MLA's ecosystem presence and the Fund will enhance our activities in this area in a substantial way." added Brandon Corman, Managing Director, Maple Leaf Angels Capital Corporation. “We are fortunate to have the support and involvement of a market leader in technology and innovation, such as Norton Rose Fulbright. They offer a deep understanding of start-up culture and operations, and have a global industry focus on technology and innovation.”

“We are excited to be working with MLA on this new initiative which we believe will foster improved access to capital and global opportunities for Canada’s brightest entrepreneurs.” said Michael Caruso, Partner at Norton Rose Fulbright. “Supporting early-stage companies at the forefront of innovation in Canada is critical, and we are pleased to offer strategic legal support on key topics for high-growth technology startups including investment, M&A, corporate/finance, privacy and access to information, IP strategy and international IP, technology commercialization and business immigration and international mobility.”

MLA48 intends to connect experienced accredited investors with the most promising entrepreneurs in Ontario. Through the contribution of MLA48’s intellectual and financial capital, the Fund will enable these companies to grow and realize their potential. The fund is targeted to close by the end of calendar 2014 with the first investments occurring in early 2015.

About MLA48

MLA48 is a limited partnership designed to foster innovation in Ontario by accelerating funding timelines for Ontario’s brightest entrepreneurs while providing diversification for accredited investors.  Established in 2014, MLA48 is led by Maple Leaf Angels Capital Corporation in collaboration with Maple Leaf Angels Corporation.  

For more information please visit www.mla48.com and follow us on Twitter at @MLA48LP.

About Maple Leaf Angels

Established in 2007, Maple Leaf Angels is a not-for-profit organization. Funding Ontario’s most promising new companies, Maple Leaf Angels is an experienced group of high net worth private individuals who invest in seed and early stage technology companies. While investments are made individually, MLA members benefit from experience with best practices in early stage investing and from the collective knowledge and networks of the group.

For more information please visit https://www.mapleleafangels.com/ or follow us on Twitter at @mapleleafangels

About Norton Rose Fulbright

Norton Rose Fulbright is a global legal practice. We provide the world’s pre-eminent corporations and financial institutions with a full business law service. We have more than 3800 lawyers based in over 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.

Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

Norton Rose Fulbright LLP, Norton Rose Fulbright Australia, Norton Rose Fulbright Canada LLP, Norton Rose Fulbright South Africa (incorporated as Deneys Reitz Inc) and Fulbright & Jaworski LLP, each of which is a separate legal entity, are members (‘the Norton Rose Fulbright members’) of Norton Rose Fulbright Verein, a Swiss Verein. Norton Rose Fulbright Verein helps coordinate the activities of the Norton Rose Fulbright members but does not itself provide legal services to clients.

Law around the world

nortonrosefulbright.com

For More Information

To learn more about Maple Leaf Angels or MLA48, please contact:

Brandon Corman

Managing Director

(416) 646-6235

brandon@mapleleafangels.com

To learn more about Norton Rose Fulbright, please contact:

Peter Zvanitajs

Public Relations Manager

(416) 216-1871

peter.zvanitajs@nortonrosefulbright.com