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Good News Ventures

Founders Marat Mukhamedyarov Mohan Markandaier Mona Kung

Overview

Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 58
Average round size
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The average size of a deal this fund participated in
$1M
Portfolio companies 44
Rounds per year 8.29
Lead investments 1
Follow on index
info
How often the fund supports its portfolio startups at next rounds
0.24
Exits 2
Key employees 3
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Internet
  • Information Technology
  • Financial Services
  • Travel
Summary

Good News Ventures appeared to be the VC, which was created in 2016. The leading representative office of defined VC is situated in the Toronto. The fund was located in North America if to be more exact in Canada.

The standard case for the fund is to invest in rounds with 2 partakers. Despite the Good News Ventures, startups are often financed by MaRS Investment Accelerator Fund, York Angels Investors, Y Combinator. The meaningful sponsors for the fund in investment in the same round are Maple Leaf Angels, Jacky Chen, York Angels Investors. In the next rounds fund is usually obtained by Techstars, StandUp Ventures, ShipFusion.

Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight AXIS Labs, Zoom.ai, Sampler. We can highlight the next thriving fund investment areas, such as Financial Services, Marketplace. The fund has exact preference in a number of founders of portfolio startups. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Canada.

The top activity for fund was in 2018. Comparing to the other companies, this Good News Ventures performs on 24 percentage points less the average number of lead investments. Deals in the range of 1 - 5 millions dollars are the general things for fund. Considering the real fund results, this VC is 15 percentage points less often commits exit comparing to other organizations. The fund is constantly included in 2-6 investment rounds annually. When the investment is from Good News Ventures the average startup value is 1-5 millions dollars.

The fund was created by Marat Mukhamedyarov, Mohan Markandaier, Mona Kung. The overall number of key employees were 3.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Rally

Software
$21M24 Jan 2024 Old Toronto, Ontario, Canada

Voltpost

Clean Energy
CleanTech
Electric Vehicle
Power Grid
Smart Cities
$3M24 Jul 2023 Brooklyn, New York, United States

Quandri

Machine Learning
Software
$8M28 Jun 2023 Vancouver, British Columbia, Canada

Rally

Software
$10M24 May 2023 Old Toronto, Ontario, Canada

Huddle 01

Blockchain
Computer
Software
Video Conferencing
$2M06 Apr 2023 Delaware, United States

EAIGLE

Artificial Intelligence
Machine Learning
SaaS
01 Feb 2023 Old Toronto, Ontario, Canada

Carbon Neutral Club

$1M28 Dec 2022 -

Carbon Neutral Club

01 Sep 2022 -

GoMaterials

Construction
Landscaping
Marketplace
22 Aug 2022 Montréal, Quebec, Canada
News
Stayflexi Raises $1.6M in Seed Funding

– Stayflexi from San Francisco develops an on-demand and contactless check-in/check-out process to automate and integrate hotel and vacation stay processes and operations end to end.
– The company raised $1.6m in funding.
– The round was led by Y Combinator, Agya Ventures, BlueField Capital, Asymmetry Ventures, and Good News Ventures and individual investors PagerDuty co-founder Baskar Puvanathasan, Squarefoot Inc. co-founder Jonathan Wasserstrum, and COO of Incuspaze Mohit Srivastava.
– The new investment will be used to expand the company’s operations and business reach.

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Total investments 58
Average round size 1M
Rounds per year 8.29
Peak activity year 2021
Lead investments 1
Follow on index 0.24
Exits 2
Group Appearance index 0.59

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Rally

Software
$21M24 Jan 2024 Old Toronto, Ontario, Canada

Voltpost

Clean Energy
CleanTech
Electric Vehicle
Power Grid
Smart Cities
$3M24 Jul 2023 Brooklyn, New York, United States

Quandri

Machine Learning
Software
$8M28 Jun 2023 Vancouver, British Columbia, Canada

Rally

Software
$10M24 May 2023 Old Toronto, Ontario, Canada

Huddle 01

Blockchain
Computer
Software
Video Conferencing
$2M06 Apr 2023 Delaware, United States

EAIGLE

Artificial Intelligence
Machine Learning
SaaS
01 Feb 2023 Old Toronto, Ontario, Canada

Carbon Neutral Club

$1M28 Dec 2022 -

Carbon Neutral Club

01 Sep 2022 -

GoMaterials

Construction
Landscaping
Marketplace
22 Aug 2022 Montréal, Quebec, Canada
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