StartupNorth

Category: Montreal

  • SmartHippo continues plot for world domination

    logo_smarthippo SmartHippo has named the former LendingTeam GM, Lori Collins, CEO. And they are expanding their European footprint through an exclusive license and partnership with Finacialred in Spain. This is definite traction and a step further down the growth path for George and the team in Montreal. A world-class CEO, a expansion into the European marketplace that allows a local entity to do the sales and marketing allowing the team to continue to work on the software platform. Super cool. 

    “As General Manager of the LendingTree Exchange, Collins was responsible for sales, relationship management, and product management for the LendingTree lender network. She was part of the executive team which increased revenues from $7 million to $476 million over seven years.”

    So what is SmartHippo?

    “SmartHippo.com uses the power of community to help consumers find the best mortgage rates and save money. SmartHippo allows any individual to post information and feedback on the rate they received, and to compare rates with other members of the community with similar profiles. Members of SmartHippo can see real rates reported by real consumers, and sort through banks based on feedback posted by other members of the community. “

    SmartHippo is an open, transparent marketplace where consumers help each other find the best financial products. Basically all of the those hidden gotchas, the little things that are often hidden in the fine print, that you only discover after a difficult situation. It’s about providing a platform that consumers can ask questions, share reviews, compare rates and experiences to make make informed financial decisions. SmartHippo is the underlying software platform that allows these conversations to take place.

    Huge day for SmartHippo. And there is an opportunity for local startups (well local to Montreal) to hear from a Valley veteran running a hot Canadian startup. Lori Collins will be delivering the closing keynote at StartupCamp Montreal on October 15. If you are in the Montreal area, the event takes place at the Society for Arts and Technology, 1195 Saint-Laurent boulevard, Montreal [map] from 6pm to 11pm. Make sure you take the opportunity to participate and meet George, Lori and the team.

  • Backbone Magazine’s Top 20 Web 2.0

    Backbone Magazine announced their “PICK 20 round of Canada’s leading Web 2.0 pioneers” that includes 4 companies form our list of web startups to watch, it’s a great list of Canadian technology companies and startups.

    The List

    1. FreshBooks, Toronto
    2. Myca Health, Quebec City
    3. CoveritLive, Toronto
    4. Viigo, Toronto
    5. Radian6, Fredericton
    6. Filemobile, Toronto
    7. BoardSuite, Toronto
    8. NowPublic, Vancouver
    9. Tungle, Montreal
    10. HootSuite, Vancouver
    11. ThoughtFarmer, Vancouver
    12. AfterCAD Online, Vancouver
    13. TeamPages, Vancouver
    14. The Manufacturing Innovation Network, Kitchener
    15. Well.ca, Guelph
    16. Clarity Accounting, Vancouver
    17. Voices.com, London
    18. Taglocity, Vancouver
    19. PollStream, Toronto
    20. Pixton, Vancouver

    The majority of the startups on the PICK20 list are in Vancouver (8) and Toronto (5). It’s a great list of Canadian startups.

  • Defensio.com acquired by Websense

    Defensio.com, who we first wrote about in November 2007, are announcing today that they have been acquired by Websense. The Montreal based company also presented at StartupCamp Toronto in December 2007.

    This acquisition, the size of which is undisclosed but I am assured it is “significant”, send a few signals to the startup community. The biggest one is that things are still happening even in this “nuclear winter” as some are calling it, and more importantly: Good products and businesses are still worth something.

    When Defensio launched, I took some flak for endorsing them. A lot of people said that “akismet does that”, and it was true, Akismet did do a lot of the same things. In using the service it was noticibly better. I am planning on going back to them.

    Carl also assures me that the Defensio anti-spam service for comments on non-commercial blogs will remain free under their new parent company.

    Websense remains committed to the Defensio developer community and plans to support and enhance the platform for personal users, as well as for commercial use.  The company also plans to continue to offer the comment spam filter at no charge for personal use, while offering a new six month commercial trial at no cost. “The combination of Defensio and Websense is a coup for Web 2.0 developers looking for strong anti-spam and security capabilities,” said Carl Mercier, who founded Defensio and has joined Websense as director of software development. “Imagine if Web 2.0 developers could access an API so their applications could determine if user-generated content is malicious or unwanted – without having to embed anything in their applications or products. We see strong potential to partner with social networking platforms, enterprises and hosting providers to enable advanced  Web 2.0 security with the Defensio solution.”

    When I profiled defensio in 2007 I said that while they might take a run at Akismet’s main business (blog comments), their real opportunity is to find new markets for these collaborative anti-spam tools. That is just what they have done and it is where Websense sees the future of the tool. Websense offers a suite of security and content related tools and Defensio looks like a perfect fit.

    If Defensio can provide a higher level of integration support and a better protection product, then they will be able to win some customers over from Akismet, but it is absolutely going to be a hard-fought battle, with everyone trying to row the boat a little harder in order to win.

    The real opportunity for Defensio however is to raid the markets that Akismet has left untouched. Where Akismet has proven the technology, and opened an initial market which Defensio can sell to, they are also leaving peripheral markets completely alone. – 2007

    The team at Defensio deserve credit for a win and a good start to 2009 for the Montreal community and Canada in general.

    There are rumors of more great announcements to come, pehaps 2009 won’t be so bad afterall?

  • identi.ca gets funding, and a case of bad timing

    I learned through GigaOM this morning that Montreal-based Identi.ca has taken a round of funding from Montreal Startup. I was, and remain, a big supporter of Identi.ca and first covered it back in July, 2008.

    It appears that Montreal Startup is the sole funder in this round so I will assume that GigaOM is right and the amount of funding is probably in the $200,000 to $400,000 range.

    This is exciting news for the Canadian startup community, but just after hearing it this morning I came across this announcement from Google. In November 2007, Google acquired Jaiku, a “lifestreaming” service that resembles Twitter and which preceeded services such as Friendfeed which largely copy its functionality, and it was founded even before Twitter.

    Google is announcing today that they are going open-source and will be making Jaiku freely available. On top of that, you will be able to easily deploy it to the Google App Engine.

    I am not sure of the exact impact of Jaiku going open-source, but it no doubt has some impact on Identi.ca’s plans. I am confident that Evan and Montreal Startup will take this development in to account, and I certainly believe that there is more than enough room for a few open source applications to thrive.

  • Reminder: Office Holiday Party

    There are a few geekmas parties going on this December, and they are selling out quickly. Both have been organized by members of the community, and look like they will be a blast.

    Montreal has CelebrateCamp on December 18th.

    Come out an celebrate 2008 with the Montreal Technology Community. We have many things to celebrate as a community. A successfull year of Barcamps, StartupCamps, Democamps, Podcamps and a number of other community events flourished this year. We’ve seen more startups launched, more investing activity and a number of our local friends have personal & professional success created in 2008.

    and in Toronto there is #hohoto, which came together on Twitter in a matter of days. It is taking place at The Mod Club – Monday, December 15, 2008, 7pm. There will be DJs, cheap drinks and all the proceeds are going towards the Daily Bread food bank.

    Update:

    Halifax is having a Geekmas event on December 17th raising money for Feed Nova Scotia!

    Which other cities will get on board and start raising money for charity?

  • Montreal Start Up raises another $2M

    Montreal Start Up announced today the closing of an additional $2,000,000 for its venture fund from the Solidarity Fund QFL, bringing total assets under management to $5,000,000. The Solidarity Fund QFL joins Investissement Québec, la Conférence Régional des Élus, and 20 of Montreal’s most successful entrepreneurs and investors who partnered with Montreal Start Up to address the need for more early stage capital and mentoring.

    “We have met with hundreds of entrepreneurs since our launch and the quality and creativity of the ideas we are seeing is constantly improving. We were having to turn down good deals because of the limited amounts of capital available to us. The support of Solidarity Fund QFL will allow us to support more of Montreal’s best startup companies.” John Stokes, Montreal Start Up

    Also revealed were Montreal Start Up’s four latest investments: Mobilize Central, KeenKong, The Book Oven, and Oneeko all of which are based in Montreal. These investments are in addition to its previously announced investments in Standout Jobs and Akoha.

    This is all fantastic news from Montreal, easily one of the most vibrant startup communities in Canada.

  • CVCA – Global Customers, Investors and Acquirers – October 15th, 2008

    I will be speaking at the Canadian Venture Capital Association’s upcoming professional development day on October 15th. I will be on a panel with Rob Lane, from Overlay.TV and Maggie Fox from Social Media Group.

    Our session description is

    ?Going global” is no longer an option for many companies. It is a necessity. This session will examine issues and strategies in building international networks that will lead to business opportunities and enhanced returns. Learn how to link into international networks of customers, partners, acquirers and investors to better position your companies for global success. The role that social technologies can play in fostering these global networks will also be discussed.

    Other sessions include “THE BIG PICTURE ? KEY STRATEGIES FOR CREATING ESSENTIAL INTERNATIONAL NETWORKS” with Jennifer Brooy,Vice President, EDC Equity and Rajiv Pancholy, Chairman and CEO, TenXC Wireless as well as “RELATIONSHIPS WITH GLOBAL SYNDICATE PARTNERS AND ACQUIRERS ? THE VIEW FROM HOME AND ABROAD”

    It looks like a good day and if it is typical of CVCA events, the biggest value will be in having a chance to hang out with some of the other attendees who tend to be other startups (the smart ones go to CVCA events when they can afford them) and funders.

    The half-day event is $299 for non-CVCA members if you attend in-person in Toronto, and $70 if you watch it from one of the simulcast locations in Vancouver, Calgary, Winnipeg, Ottawa, Montreal, Quebec City, Fredricton or Halifax.

  • Akoha Starter kits – get'em while they're hot

    Montreal based Akoha, who are going on stage tomorrow at the TechCrunch50. We have previously profiled their angel round and I have been watching their progress closely. 

    We can’t say much about what Akoha is, but what I can do is give you all an exclusive invitation to get a free starter kit. These kits, which will only be available until tomorrow, will be mailed out to you right away. 

    Head over here to the Akoha store (powered by Shopify.com) and sign up for the starter kit, and remember to tune in to to Akoha’s presentation tomorrow.

    I also came across a vote for who will be the most promising startup presenting at TechCrunch50. You can vote for Akoha, as they are neck and neck for 1st place.  

  • yourteledoctor – Online Patient/Doctor Consultations

    YourTeleDoctor is a Montreal based startup that wants to transform how we think about a visit to the doctor.

    I have no doubt, absolutely zero, about the role that telemedicine will play in healthcare delivery in the future. You can search for data from Gartner, Forrester or anyone, they all predict that TeleMedicine is going to be a big deal. 

    YourTeleDoctor is trying to be one of the first providers to come to market with a consumer-ready system to allow for video-based visits to a doctor. Quebec is a good example of a province/state with a huge rural population and a government that needs to stretch every dollar in health care delivery.

    If Mehdi can be the one to bring a new level of efficiency to governments, HMOs and clinics, then there is a lot of money to be made. The flip side, however, is that this is medicine. Medicine, for all the research and great thinking that goes in to it, changes very little. It is incredibly bureaucratic, even in the private sector, and care-delivery, the component that startups like YourTeleDoctor will attempt to shake up, sees even fewer changes than other parts of the sector.

    It seems likely that the first market for a tool like this would be private clinics who are relatively autonomous and well heeled. Just a few great case studies and a decent sales team might be all you need to start breaking in to an early market.
     

  • Identi.ca – Open Source Microblogging

    You know everything you hate about twitter? Downtime, walled garden, some very poor design in places, etc.

    Well a solution launched today that seems to be technically superior in every way, but is going to be facing a tough battle ahead to attract users and get them talking.

    Identi.ca is a new open source project to build a better twitter. The actual open source project is called Laconi.ca, and it has been created by Evan Prodromou in Montreal who also founded Certifi.ca and Wikitravel (one of my favorite websites).

    When you first see this project it is easy to write it off as a mere attempt to knock twitter off it’s throne, but I don’t see it that way. By releaseing Laconi.ca as an open-source project, Evan is betting (I think) on building out the sort of long-tail of microblogging. Charlottetown based SportsTwit is an example of niche microblogging that I think has a real chance of catching on (and should consider switching to the Laconi.ca platform).

    The introduction of Laconi.ca brings microblogging from being a closed and proprietary world in to a more mass market tool in the same way that blogging is no longer just Blogger, but is instead a medium.

    By using open standards like FOAF and others, different sites running Laconi.ca can talk to eachother and federate data. That means that if you are on a niche site, say startupnorth-tweets.com, you can interact with people on Identi.ca, and they have full access to your profile and other information. This is one of the core weaknesses of Twitter, its inability to federate out some of the load.

    Good luck Evan, I have a feeling this is the start of something great, and a change that had to happen.

    You can find me here: http://identi.ca/jevon