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Angel Investor (Group)
goldentriangleangelnet.ca

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Investments

38

Portfolio Exits

7

About Golden Triangle Angel Network

The Golden Triangle Angelnet is a not-for-profit corporation operating under the Ontario Ministry of Research and Innovation's Angel Network Program. It is a members-only organization comprised of Angel investors seeking investment opportunities in promising, early-stage businesses.

Golden Triangle Angel Network Headquarter Location

19 Thorne Street Suite 306

Cambridge, Ontario, N1R 1S3,

Canada

519-740-8500

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Latest Golden Triangle Angel Network News

Motion Gestures secures US $2M pre-Series A financing led by Allen Miner

Feb 17, 2021

On: CPE News (2/16/2021) – Motion Gestures has closed a US $2 million pre-series A round of financing led by Allen Miner with participation of China Canada Angeles Alliance, Keiretsu Forum, Propel(x), Golden Triangle Angel Network, and Udtara Ventures. Funds will be used to market and support company’s breakthrough gesture software among OEMs in major developed economies, with special focus on Japan. “Mr. Miner has been recognized by Forbes magazine on its Midas List as one of the world’s top investors and is famous for helping build Oracle Japan and Salesforce Japan. He will be assisting with introductions to corporate Japan and advising on strategic investments by Japanese multinationals, said Motion Festures. Founded by Kashif Kahn and Arash Abghari in 2017, Waterloo, Ontario based Motion Gestures specializes in Artificial Intelligence-based hand tracking and gesture recognition software for 3rd party cameras. Its breakthrough AI platform reduces gesture software development costs by 10x while increasing gesture recognition accuracy to nearly 100%. The software supports all types of gestures with 3rd party cameras and can be used for contactless interaction in any vertical. The company is currently engaged with top OEMs in US, Germany, France, Japan, and Korea. In May 2018, Motion Gestures announced the closing of a US $1.65 million seed round of financing led by China Canada Angels Alliance with the participation from Golden Triangle Angel Network (GTAN), Keiretsu Forum, and Propel(x). photo credit: Motion Gestures News Release Motion Gestures closes USD 2 million pre-series A financing led by Allen Miner, Forbes Midas List investor who helped build Oracle Japan and Salesforce Japan Company’s gesture software is key enabler of sophisticated contactless interaction in major industries. WATERLOO, ON, Feb. 16, 2021 /PRNewswire/ – Motion Gestures, a Canadian startup specializing in Artificial Intelligence-based hand tracking and gesture recognition software for 3rd party cameras, announced today that it had closed USD 2 million pre-series A financing led by Mr. Allen Miner. Funds will be used to market and support company’s breakthrough gesture software among OEMs in major developed economies, with special focus on Japan. Compared to conventional solutions, Motion Gestures AI platform reduces gesture software development time by 10x while increasing recognition accuracy to nearly 100%. It uses advanced AI algorithms and sophisticated joints skeleton-based approach to hand tracking. Software is hardware agnostic and can support any type of camera as well as any processor architecture. It is also application agnostic and can be used for adding contactless user interface to products and applications in a wide variety of sectors. The firm launched its camera software in 2020 after several years of development in stealth mode and is enjoying strong response from top OEMs around the world, including in US, Germany, France, Japan, and Korea. Mr. Miner has been recognized by Forbes magazine on its Midas List as one of the world’s top investors and is famous for helping build Oracle Japan and Salesforce Japan. He will be assisting with introductions to corporate Japan and advising on strategic investments by Japanese multinationals. According to Mr. Miner, “I am very impressed with Motion Gestures’ capabilities and the traction their software is getting globally. I firmly believe multi-modal user interface is the wave of the future and gesture recognition will be an integral part of it.” Kashif Kahn, CEO and Co-Founder of Motion Gestures, said: “We are most grateful for Mr. Miner’s vote of confidence and are looking forward to his assistance in building the firm.” Other investors in the round are China Canada Angeles Alliance , Keiretsu Forum, Propel*, Golden Triangle Angel Network, and Udtara Ventures. About Motion Gestures Motion Gestures was founded in 2017 in Waterloo, Canada to disrupt gesture recognition technology. Its breakthrough AI platform reduces gesture software development costs by 10x while increasing gesture recognition accuracy to nearly 100%. The software supports all types of gestures with 3rd party cameras and can be used for contactless interaction in any vertical. The company is currently engaged with top OEMs in US, Germany, France, Japan, and Korea. Demo videos can be seen on Motion Gestures’ YouTube channel: https://www.youtube.com/c/motiongestures Contact Information: About Allen Miner Mr. Allen Miner is a veteran of technology and venture capital industries. In 1987, he launched Oracle Japan as its first representative and managed growth of record-setting magnitude over the next decade. In 1999, he founded Sunbridge to invest in and help grow promising tech firms in the Japanese market. He has since invested in more than 65 firms – including Salesforce, OKWave, IT Media, Gaia X, Macromill and G-mode – as well as executed seven IPOs. He has been recognized by Forbes magazine on its prestigious “Midas List” as one of the world’s top investors and is a founding member of the Japan Venture Capital Association. For additional information about Mr. Miner and his team: https://www.sunbridge.com/company/management/

Golden Triangle Angel Network Investments

38 Investments

Golden Triangle Angel Network has made 38 investments. Their latest investment was in Motion Gestures as part of their Seed VC on February 2, 2021.

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Golden Triangle Angel Network Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/16/2021

Seed VC

Motion Gestures

$2M

No

7

9/30/2019

Seed VC

Labs Cubed

Yes

1

5/24/2019

Seed

Forcen

$0.5M

Yes

2

5/9/2018

Angel

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$99M

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10

4/6/2018

Angel

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$99M

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10

Date

2/16/2021

9/30/2019

5/24/2019

5/9/2018

4/6/2018

Round

Seed VC

Seed VC

Seed

Angel

Angel

Company

Motion Gestures

Labs Cubed

Forcen

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Amount

$2M

$0.5M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

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Co-Investors

Sources

7

1

2

10

10

Golden Triangle Angel Network Portfolio Exits

7 Portfolio Exits

Golden Triangle Angel Network has 7 portfolio exits. Their latest portfolio exit was CalendarHero on October 26, 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

10/26/2021

Acquired

$99M

3

2/3/2021

Merger

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$99M

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10

11/17/2020

Acquired

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$99M

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10

10/29/2020

Acquired

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$99M

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10

1/28/2019

Acquired

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$99M

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10

Date

10/26/2021

2/3/2021

11/17/2020

10/29/2020

1/28/2019

Exit

Acquired

Merger

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

10

10

Golden Triangle Angel Network Team

2 Team Members

Golden Triangle Angel Network has 2 team members, including current President, Rob Douglas.

Name

Work History

Title

Status

Rob Douglas

President

Current

Mickey Campeau

Founding Partner

Current

Name

Rob Douglas

Mickey Campeau

Work History

Title

President

Founding Partner

Status

Current

Current

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