LemonStand Squeezes New Finacing Round Financing From BDC And Angel Investors

BY: 

Dave Forde
September 13, 2012

Vancouver startup LemonStand secured an undisclosed seed funding round today from the Business Development Bank of Canada’s IT Venture Fund and four angel investors: Michael Klinger, Paul Rochester, Kalle Radage (Chief Product Officer at Payfirma) and Michael Weider (VP at Akamai Technologies, Founder of Watchfire and ex-CEO of Blaze Software).  The company has built an eCommerce platform that is aimed at mid-size merchants and developers  are looking to create online stores.  The seed funding will allow LemonStand to expand their team and community, while continuing to execute on their vision of a modular, easy-to-use, and higher performance eCommerce platform.

“With consumers becoming increasingly comfortable purchasing online, more and more merchants are scrambling for an eCommerce platform that meets their needs of flexibility, quality support, community and at a price point they need to be successful,” said Danny Halarewich, Co-Founder and CEO, LemonStand. “We’ve built a strong, loyal community of happy developers around our platform, and we’re very excited to further strengthen the LemonStand ecosystem by investing more into development and partnerships.”

Since LemonStand launched the first version of its eCommerce platform in 2010, it has seen incredible loyalty from their customer base, which has doubled in the last year, along with merchant transactions growing 250%.

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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


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