News & Updates

HTBase officially acquired by Juniper Networks


Dec 18, 2018

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.

 

 

Spark has brought together an elite group of experienced business people from all areas of business with the skills and the inclination to support a place for innovation and ideas.

Robert Killin
CEO, SmartDesk

A colleague invited me to a meeting and then I attended a couple of more meetings to get an idea of how the meetings ran and what the organization was all about. It peeked my interest and I liked the fact that there was this forum that was willing to help out new and up and coming entrepreneurs from both a financial and an experience aspect.

Clyde Catton
Tax Partner, BDO Canada

Spark Angels uniquely provides companies across the Durham Region with private equity funding or mentoring, to help scale their business. Executive Director, Malcolm MacTaggart, has a special vision ‘to change Durham’s economy from metal bashing to knowledge-based’. The Spark Angel Network is doing a great job at helping to create jobs in the Durham Region, and building Durham’s economy.

MP Mark Holland
City of Ajax

The Spark Angel network gives students the opportunity to experience first-hand the world of Angel Investing. Executive Director, Malcolm MacTaggart is passionate about giving students in the Durham Region the opportunity to gain workplace-based learning, which we value here at Trent University Durham GTA.

Hailey Wright
Manager, Community Relations and Articulation, Trent University Durham GTA

We found the entire process professional, well-organized and efficient and we received not only investment, but valuable business advice from our Angel.

Raymond Luk
Founder and CEO of Hockeystick.co Inc.

The Spark Angels group has made a difference in our community in many ways. They have brought together a local like-minded business people who care about the community, business, and the growth of the economy. This has, in turn, created friendships. And opportunities for fellow entrepreneurs.

Stephen Barry
Fairall Properties Ltd.

Our Strategic Partners

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