Intelivote raises $800K, Mulls Sale
Nova Scotia Business Inc. has invested a further $800,000 in Dartmouth e-voting outfit Intelivote Systems Inc., helping the company to enhance its product line, market its services and possibly find a buyer.
The industrial agency said Friday its venture capital unit, headed by Peter MacNeil, increased its investment in the e-voting concern to $2.8 million, following on from two previous investments worth $1 million each. Intelivote also raised money from the First Angel Network early in 2010.
Intelivote has one of the most advanced electronic voting systems in the world, able to lower