First Round for TitanFile
File-sharing enterprise TitanFile Inc. of Halifax on Tuesday secured $250,000 in equity financing from Innovacorp., valuing the company that started last year at more than $2.5 million.
For TitanFile, the all-common-stock funding will add to the buzz for a young company that can already boast success in recent competitions and an impressive revenue stream. For Innovacorp, the second funding announcement this month shows Nova Scotia’s government owned technology commercialization agency is building up momentum in its funding of startups.
Founded by Milan Vrekic and Tony Abou-Assaleh,