Web 2.0 Startup Praized Media Inc. Secures $1,000,000 in Seed Funding
Montreal, QC (PRWEB) September 26, 2007 -- Praized Media Inc., a Montreal-based internet start-up company, today announced a $1,000,000 equity investment by Garage Technology Ventures Canada.
"Praized is a social media company developing software that connects blogs, social networks, and local search in ways never seen before, says CEO Harry Wakefield." The company is currently operating in stealth mode and expects to launch its product in key target markets early next year. This investment is going to allow us to really grow this business", he added.
"The Praized team has a focused local strategy for a growing niche market" says Tom Sweeney, General Partner at Garage Technology Ventures Canada. "This team truly understands local search and the growing social dynamics of the web."
Garage Canada is a Montreal-based seed and early stage VC fund focused on investing in technology companies with strong intellectual property and disruptive or market-shaping potential in global markets. The fund is the exclusive Canadian strategic partner of Garage Technology Ventures (Palo Alto. CA) and the Band of Angels (Menlo Park, CA).
For more information about Garage Canada, visit www.garagecanada.com
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This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
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