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.”
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
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: