Toronto, ON – September 6, 2018 –
GreenSky Capital Inc. is pleased to announce that its affiliated venture funds, the GreenSky Accelerator Funds I and II, have led a $900K equity investment in Weever Apps in syndicate with members of the GreenSky President’s Club. Weever is a Hamilton-based software company that makes technology to simplify processes on factory floors. They provide electronic forms, process and inspection software, digitizing much of the paperwork still found on many manufacturing floors. Weever has strong traction with several of the largest manufacturers in North America and has proven adept at expanding within customers, growing to new facilities and adding functionality and products at existing facilities. Prior to the Fund’s investment, Weever had raised capital through angel investors. This first institutional round of financing will support rapid growth and complete a business model transition from project-oriented revenue to Software as a Service.
Steve McBride, Weever’s CEO, said: “We are thrilled to have GreenSky Capital be our first institutional partner. Their experience building businesses from a technology and operational perspective will be of substantial value as we scale our company.”
Greg Stewart, Principal at GreenSky Capital, added: “Steve has done an excellent job identifying a customer pain point and addressing it with simple, effective products – growing through their manufacturing know-how, responsiveness to customers, and referrals.”
About Weever Apps
Based out of Hamilton, Weever Apps enables organizations to capture data, manage workflows and access actionable insights in real-time. Our cloud-based software helps organizations access actionable information pertaining to:
- Inspections & Audits
- Training & Compliance
- Maintenance Management
- Safety Incidents & Emergencies
- Suggestions & Continuous Improvements
About GreenSky Capital Inc.
GreenSky Capital Inc. is an award-winning Toronto-based that manages venture capital firm and provides financial advisory services. GreenSky makes investments in early-stage Canadian technology companies through its affiliated venture capital funds, GreenSky Accelerator Fund I and II. GreenSky looks for long-term partnerships with high-growth potential companies and dedicated entrepreneurs. Our principals bring a unique combination of experience in technology, law and finance into a real-world context.
Early-stage Canadian technology companies interested in working with the GreenSky Accelerator Funds are invited to learn more about, and apply to, the Funds at: email@example.com or by visiting the website at https://www.greenskycapital.com/entrepreneurs/#application.
About the GreenSky President’s Club
GreenSky President’s Club (“GPC”) is an angel network designed to provide serious early stage investors with better quality deal flow, preferential pricing and increased probability of a successful exit through experienced, professional management.