AIW: NewPace Seeks First Round
On the cusp of rolling out a new Rich Communications Suite product announced earlier this year, NewPace Technology Development Inc. is seeking its first round of equity funding.
NewPace specializes in software development for mobile telecommunications, and is still owned solely by two co-founders, CEO Brent Newsome and CTO Gavin Murphy. The company borrowed $850,000 from the Business Development Bank of Canada last November and has re-invested its own profits to finance the development of the rcsConnect product but has never raised money from venture capital funds or angels.
Newsome