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.
On Sept. 4, LinkedIn included us on its 2019 Top Startups list in Canada, recognizing Flybits as one of the hottest high-growth global companies to work for in the country. Also on Sept. 4, CIX, Canada’s largest curated startup investment conference, named Flybits to its annual list of Top 10 Growth companies — a list that recognizes innovative, mature startups with high potential to scale.