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)
The changing landscape of termination clauses: What employers need to know
An annual review of your company’s termination clause might seem like an afterthought in the day-to-day running of a business, but it could save thousands of dollars and many headaches.
Looking for a venue that combines breathtaking views, seamless event planning, and a touch of local charm? Hôtel-Casino Lac-Leamy complex delivers all this and more. Nestled on the edge of
Shane Young, inBay’s CEO, said in a statement that Global Alliance will help to open opportunities for the company in Japan.
