Karma Secures $1M from Vanedge
Halifax-based Karma Gaming, which develops video games for regulated lotteries, has added to its Series A round of venture capital with a $1 million funding from Vanedge Capital in Vancouver.
The funding, Vanedge’s first in Atlantic Canada, is an addition to the $4 million first closing announced in June, bringing the total for the A round to $5 million. The first closing of the round included $2.5 million from Rho Canada Ventures, the Canadian arm of Rho Capital Partners, which has offices in Palo Alto, Calif., New York and Montreal, and $1.5 million from Innovacorp, the Nova Scotia