March Investor Meeting Recap

The Golden Triangle Angel Network and guests gathered at Bingemans on Tuesday the 20th for our  March Investor Meeting. This event marked the first GTAN Investor Meeting as part of the Simultaneous Syndication of three southern Ontario Angel groups: GTAN, Angel One of Burlington and Southwestern Ontario Angel Group (SWO Angels). The trio has joined forces for their monthly selection process and Investor meetings. Pitching companies have the opportunity to present to the three groups in 48 hours, where anyone from these groups can attend the scheduled meetings. The goal is to spark more interest among angels, get more hands up and generate more funding success for early-stage companies.

At GTAN’s March Meeting, attendees saw pitches from three innovative companies including Aerial Vehicle Safety Solutions (AVSS) Inc., Genecis EnviroTech Inc., and Joyride. Each company provoked interest from investors and will be moving into due diligence. Find out more about the companies below: 

Josh Ogden pitched his company Aerial Vehicle Safety Solutions (AVSS) Inc., which develops hardware and software products to ensure reliable safety, proactive compliance and advanced management for Unmanned Aerial Vehicles (UAVs). A recent UAV accident study revealed that 61% of all occurrences were attributed to System Component Failure. AVSS Inc. seeks to enable the safe adopted of UAVs for all stakeholders.

Second to pitch was Luna Yu, CEO of Genecis EnviroTech Inc. Genecis is an organic waste processing company that up-cycles food waste into products of higher value, such as PHA (polyhydroxyalkanoates) bioplastics. PHAs are a type of biodegradable thermoplastic that can be used for making materials such as film, foodware, and medical equipment. Large full-service restaurants dispose about one ton of food waste into a landfill per week and pay a high price to do so; about $15,000 per year. Genecis has developed a solution that is both cost-effective and sustainable for businesses in the food industry.

Last to present was Vince Cifani, CEO and Founder of Joyride. Joyride is a turnkey enterprise fleet management platform for bikeshare operators. Joyride provides a mobile app, dashboard and backend system which allows operators to launch bikesharing in their market. They are the only platform that integrates third party smart lock manufacturers to provide a customizable and flexible solution. Launching a private bikeshare business requires an 8-10 person team, brand new software and about 4-6 months to develop. Joyride helps bikeshare operators launch quickly and as efficiently as possible by handling their registration, billing, rentals, promotions, and hardware integration.

To conclude the evening, Brian Smith, BMO Professor of Entrepreneurial Finance at Wilfrid Laurier University, delivered a brief presentation on the “Investment Returns of GTAN Investee Companies.” Brian noted that GTAN has experienced a total of five exits; two acquired and three secondary offerings.

Save the dates! Our next investment meeting will be held at Bingemans on Tuesday, April 17. Interested in becoming a GTAN Angel? We’re always looking for new members. Contact us to learn more!

 

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