York Angel Investors Inc. (YAI), announced today that an investment syndicate comprised of members of York Angels and Angel One Investor Network, have closed an investment in the amount of $ CDN 400,000.00 with Breakeven Inc. of Markham, Ontario.
"Our investors have been very impressed by the Breakeven management team and its opportunity," says Karen Grant, Angel One's executive director. "This was the first joint investment that included the members of Angel One and York Angel Investors. It's collaborations like these that make angel investors a powerful contributor to the growth economy of Ontario."
"Breakeven is a promising and energetic company," said Scott MacCannell, President of York Angels Inc. "The company founders, Ian Hayes and Thai Nguyen, have successfully built the company to its current levels and we are looking forward to working with them as they accelerate the company's already positive growth."
“We are extremely excited to be partnering with Angel One and York Angels.” said Ian Hayes, Breakeven’s President and CEO. “The wealth of experience in both of these investor groups is priceless to us. Their investment in our company will help us take our business to the next level.”
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About Breakeven Inc: “Breakeven helps those that help others.” Based in Markham, Ontario, Breakeven is an innovative software developer providing cloud-based applications and services to nonprofit organizations. Their products deliver real-time stewardship for donor and volunteer management across numerous channels. Breakeven simplifies and increases the connections between organizations and their supporters in a meaningful way, so their clients can continue to focus on what really matters – changing the world.
About Angel One Investor Network: Angel One (www.angelonenetwork.ca) is a member-based organization of accredited investors who live, work or have strong interest in Oakville, Burlington, Hamilton and other communities at the western end of Lake Ontario. As of mid-August 2012, Angel One has 75 members in good standing. Breakeven is Angel One member's 12th investment in the past 9 months.
About York Angel Investors: The York Angels are a group of accredited investors with a broad range of professional experience. Their individual and group focus is to create a return on investment for themselves and the businesses with which they work. Their involvement provides entrepreneurs with funding, and very importantly, advisors who counsel portfolio companies and their entrepreneurs, based on experience gained through their own successes in expediting and managing growth.
YAI’s portfolio companies benefit from our member expertise in information and communications technology, internet, online applications, enterprise and SaaS software, retail, alternative energy, healthcare and life sciences. This collaborative mentorship approach and strategic financing supports entrepreneurs through various stages of early growth. These critical investments often represent the bridge between the self-financed or seed stage and the venture capital and/or private equity level of funding.
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For more information please contact:
Marilyn Schaffer
416-400-5629
mschaffer@xtminc.com
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