Flybits Inc., a Toronto start-up that has created a context-aware experience development platform for mobile environments, has closed a $3.75 million Series A financing. Led by Robert Bosch Venture Capital GmbH (RBVC) and Trellis Capital Corporation with participation from MaRS Investment Accelerator Fund and Ryerson Futures, Inc., the investment will advance the company’s product development and international growth in the United States and Europe. Since spinning off from Ryerson University in 2012, Flybits has raised a total of $4.05 million to date, including a seed round from MaRS Innovation.
The Best Practices Awards recognize companies that achieve excellence in technology innovation through a consistent pursuit or investment in new technologies that enable them to effectively serve their customers, while also growing at a rate that exceeds the industry average. After thorough independent research performed by a global team of analysts and consultants at Frost & Sullivan, Flybits was selected as the technology innovation leader in delivering customer experience technology to the global financial services market.