Two Toronto startups make it to MergeLane’s third cohort for women-led companies

Two Toronto startups have been accepted into the Boulder, Colorado-based MergeLane accelerator, which supports companies with at least one female founder.

The two companies, BizXPro and SpaceiShare, are both recent graduates of Toronto’s Founder Institute batch three.

BizXPro’s marketplace allows companies to find and hire IT resources on a contract basis, and aims to save companies from having to hire an in-house FTE team. The company — whose two founders have 20 years of experience in IT between them — hopes to drill down its metrics and refine its pitch through the program, and plans to raise capital by its end.

“Our goal is to dramatically increase our company’s growth trajectory with the help of Mergelane’s program,” said Thyagi DeLanerolle, CEO and co-founder of BizXPro. “It is timely as BizXPro plans to launch in major cities across the United States, as well as expand its supply of credible providers beyond IT services to web, software, and mobile development. The program will prove to be an invaluable building block for BizXPro to help in getting the word out to the business community.”

SpaceiShare‘s marketplace allows people to offer their empty physical spaces as storage for people who need the room. Users can request spaces for parking, boxes, and even events.

For three months, the two companies will join seven other companies, where they will be matched with mentors. Companies in the accelerator are eligible for up to $120,000 USD investment.

Jessica Galang

Jessica Galang

Jessica Galang is BetaKit's News Editor.

  • Thanks Jessica for the story…we are excited for what MergeLane has in store for us

  • Sunil

    We are having some excellent results finding amazing women tech startup founders here in Toronto and Waterloo via the Founder Institute. Applications for the new intake (#6) are open now – http://www.fi.co/apply or message me directly. Congratulations to Thyagi, Judy, Sarah, France and Karen! Good luck in Boulder.

  • I can honestly say, FI Toronto has been instrumental in our success at BizXPro. It’s a fantastic program and starting point for many startups that provides a very structured approach as to the level of dedication and areas that you need to have an awareness and appreciation for.