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.
OBJ360 (Sponsored)
A new signature event is set to grace the Ottawa business and philanthropic calendar this summer. CHEO Foundation and the prestigious The Royal Ottawa Golf Club are proud to announce
Care, Serve, & Give: Dr. Helen Tang is redefining what it means to lead with purpose
Dr. Helen Tang is a dynamic and multifaceted leader whose passion for community and philanthropy is at the heart of everything she does. As a devoted mother of two and
Shane Young, inBay’s CEO, said in a statement that Global Alliance will help to open opportunities for the company in Japan.
