TORONTO, ONTARIO–(Marketwired – Feb. 26, 2014) – BEST Funds, a Toronto-based venture capital firm, announced that they have invested $1.5 million in XipLink, a leader in the development of wireless bandwidth optimization products. The capital will be used by XipLink for sales and marketing initiatives, as well as to aid in the continuation of innovative technological developments.
A company that invests in tomorrow’s winning corporations, BEST Funds seeks out emerging firms that create necessary, groundbreaking technologies and are seeking to expand their market share and accelerate growth. CEO of BEST Funds, John Richardson, said of the deal with XipLink, “The capital we have invested in XipLink will help them reach the necessary milestones in order for their cutting-edge technology to significantly expand market penetration.”
When asked what this funding would do for the company, XipLink’s President and CEO, Jack Waters, said, “Since being named Technology of the Year by The World Teleport Association, our company has been enjoying rapid expansion and growth. We’re excited to be able to use this investment to fully capitalize on that growth, and continue to create innovative technologies that have made us a leader in wireless optimization products.”
About BEST Funds
BEST Funds is a leading Venture Capital firm, focused on funding rapidly growing technology companies by providing them with needed capital to execute their growth strategies. Primarily focused on emerging companies in the software and technology industry, BEST Funds is actively deploying capital to some of Canada’s fastest growing companies. BEST Funds was established in 1996 and is based in Toronto, Canada.
For more information, please visit: www.bestfunds.ca.
XipLink was founded in 2007 by a team of seasoned wireless data communications professionals. Together, they have developed reliable, proven technologies that deliver the industry’s fastest return on investment. Headquartered in Montreal, Quebec, XipLink applications and embedded software are sold worldwide, enabling operators and users to optimize available wireless bandwidth for maximum data at the lowest cost.
For more information, please visit: www.xiplink.com.
416-203-7331 ext. 235
Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate