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Angel Investor (Group)
eastvalleyventures.com

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Investments

24

Portfolio Exits

3

About East Valley Ventures

East Valley Ventures is a community of entrepreneurs in the business of transforming early stage ideas into successes. East Valley helps Atlantic Canadian founders launch meaningful and enduring technology companies.

Headquarters Location

12 Smythe Street Suite 214

Nova Scotia, E2L 5G5,

Canada

506-642-9384

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Latest East Valley Ventures News

Passiv Closes $2.2 Million USD Seed Round to Build SnapTrade

Oct 19, 2022

Passiv, the Atlantic Canadian fintech company known for their portfolio management software that caters to retail investors, has closed a $2.2 million USD seed round. This round follows the company’s graduation from Y Combinator, a three-month startup accelerator program that supported the company in their growth with their new infrastructure product, SnapTrade and invested in the company alongside Mistral Venture Partners, Uncorrelated Ventures, New Brunswick Innovation Foundation (NBIF), East Valley Ventures and several other angel investors. “Over the past five years running our own B2C app, we’ve gained tremendous insight into the needs and challenges of developers who need connectivity to their end users’ trading accounts,” said Brendan Lee Young , CEO of Passiv. He went on to add, “With Passiv’s SnapTrade API, developers can focus on building their products.” SnapTrade is a rapidly adopted API that allows developers to connect retail brokerage accounts to their app. The connection provides real-time account data, historical transactions, and live trading for stocks, options and cryptocurrencies. Traditional fintech aggregators specialize in bank accounts but only provide limited support for investments with no ability to trade. The company has over 20 investing apps building on SnapTrade, enabling them to serve over 200 million investors around the world through SnapTrade’s integrations. “I previously built portfolio management tools and the ability to integrate with one API to support many brokerages is quite a compelling value proposition,” said Mike Scanlin of Mistral Venture Partners. “NBIF sees massive potential for the Passiv team and technology to make an impact in the fintech arena. Having single-source access to brokerage trading programs through the SnapTrade API, many benefits will become available to Passiv/SnapTrade customers. With growing interest in investing from retail investors, more tools to support successful and reliable trading will enable exciting capabilities for developers, investors, and brokerages alike,” said Peter Goggin, Director of Investments, NBIF.

East Valley Ventures Investments

24 Investments

East Valley Ventures has made 24 investments. Their latest investment was in Passiv as part of their Seed VC on October 10, 2022.

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East Valley Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/17/2022

Seed VC

Passiv

$2.2M

Yes

4

5/4/2022

Seed

Picketa Systems

$0.23M

Yes

1

2/16/2022

Series A

Alongside

$2.52M

Yes

1

6/3/2021

Series A

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10

6/3/2021

Series C

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$99M

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10

Date

10/17/2022

5/4/2022

2/16/2022

6/3/2021

6/3/2021

Round

Seed VC

Seed

Series A

Series A

Series C

Company

Passiv

Picketa Systems

Alongside

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Amount

$2.2M

$0.23M

$2.52M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

1

1

10

10

East Valley Ventures Portfolio Exits

3 Portfolio Exits

East Valley Ventures has 3 portfolio exits. Their latest portfolio exit was LeadSift on December 14, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/14/2021

Acquired

$99M

5

4/28/2020

Acquired

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$99M

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10

9/5/2019

Acquired

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$99M

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10

Date

12/14/2021

4/28/2020

9/5/2019

Exit

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

5

10

10

East Valley Ventures Team

5 Team Members

East Valley Ventures has 5 team members, including , .

Name

Work History

Title

Status

Bob Justason

Founder

Current

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Name

Bob Justason

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Work History

Title

Founder

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Status

Current

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