Spark Angels is excited to announce that one of our angel investee companies; HTBase was officially acquired by Juniper Networks on December 7th, giving Spark Angel investors a 10.8X return on investment after only 2 years. Juniper Networks is an American multinational corporation with its operating headquarters located in Sunnyvale, California. Designed to develop and market networking products, they saw an alignment of services and huge opportunity for the addition of storage capabilities within its own platform, allowing the company to go to the market with a fully completed platform and vision.
HTBase is defined as a true multi-cloud strategy, enabling the distribution and movement of data and workloads between private and public clouds. With Juniper Networks being one of the leaders in networking it was a seamless fit into acquiring HTBase.
We wanted to congratulate the entire HTBase team, and their CEO Bruno Andrade on this big announcement! Spark Angels is so happy to be a part of the success of HTBase. Spark Angels, Golden Triangle Angel Network (GTAN), Laurier Startup Fund, NorthSpring Capital Partners and York Angels were all involved in the original investment.
The Spark Angel Network’s vision is to become “Durham & Northumberland’s Angels” for members seeking superior financial returns from innovative, emerging technology firms. By investing together, they mitigate risk, save time, and attract better opportunities, while making a difference in the community. In a nutshell, they share the belief and philosophy of being the person you needed 25 years ago.
The Golden Triangle Angel Network (GTAN) provides its angels with opportunities to increase their exposure to quality pre-selected, investment-ready companies, and the ability to expand their network of like-minded investors. GTAN angels are successful entrepreneurs who are seeking opportunities to invest in companies in which they can take an active interest. Most angels are active investors – they mentor the companies in which they invest by contributing time and experience as well as offering introductions to valuable contacts. They deploy their cumulative experiences and capital to help the next generation of entrepreneurs become successful.
The Laurier Startup Fund is filling a gap in the Toronto-Waterloo Tech Corridor for tech companies seeking seed-stage funding. The fund was created in 2014 as the brainchild of Mike Stork, a Laurier alumnus (BBA ‘77) and a renowned angel investor in Waterloo Region. Mike and Hennie Stork donated $1 million to launch the fund. This was followed by a $500,000 gift from the Marsland family.
NorthSpring Capital Partners invests in passionate entrepreneurs and companies developing unique intellectual property, products and services targeting large addressable markets. Their financial resources and expertise accelerate the growth of innovative companies located in the Toronto – Waterloo technology corridor.
York Angels provides a supportive linkage between local entrepreneurs, seeking early and mid-stage capital, and investors with a commitment to the economic development of the Region and to the entrepreneurial spirit of their community. They are committed to providing quality investment support and coaching to qualifying companies, thereby ensuring they have the best opportunity for growth and expansion in their industry.