Toronto-based Maple Leaf Angels announced last week that it has led a $750,000 seed funding round for Montreal’s Sharethebus. Initial funding came from the organization’s MLA48 fund, which promises a 48-hour turnaround on investment decisions, with additional investment coming from independent investors and the broader Maple Leaf Angel membership.
“Sharethebus is a great addition to our portfolio as we are constantly searching for Canada’s best entrepreneurs who demonstrate dedication, tenacity and drive,” said Brandon Corman, Managing Director of MLA48. “Our goal at MLA48 is to change the way founders think about raising money in Canada.”
A recent FounderFuel graduate, Sharethebus is attempting to build a marketplace for ride-shared and private charter buses, giving customers an Uber-like solution to finding reliable transportation to and from events. The company recently won the $100,000 Investment prize at StartupFest.
“The MLA48 Fund is well-connected, with a very efficient and straightforward financing process, which was exactly what we were looking for in an early stage investor,” said Sharethebus co-founder Kyle Boulay. “Our experience working with MLA has been very positive, professional and rewarding and we will be recommending them without hesitation to our peers.”