A Japanese investor is leading an additional $1 million investment in Ottawa’s inBay Technologies, which the firm says is key to expanding in the east Asian country.
The local firm, which develops a “passwordless” security solution based on a user’s smartphone, first announced a $1-million seed round last September. That round was led by a Dutch venture capital group and an Ottawa “super angel,” represented by Tongda One Partners.
This week, inBay announced it has oversubscribed this initial round by $1 million, thanks to contributions from Tokyo’s Global Alliance Inc. The Japanese firm has been an early investor in emerging technology companies such as PayPal.
(Sponsored)
SnowBall 2026: A premier networking event with purpose returns to 50 Sussex Dr.
As winter settles in across the capital, one of Ottawa’s most high-profile charitable and business networking events is set to return to its roots: On Wed., March 4, 2026, The
OCOBIA eyes Ottawa BIA expansion as it gears up for election year
Michelle Groulx says it’s not difficult to spot the Ottawa neighbourhoods with their own business improvement area (BIA). That’s because, she says, BIAs are a visual and experiential representation of
Shane Young, inBay’s CEO, said in a statement that Global Alliance will help to open opportunities for the company in Japan.
