MLA48 Angel Investment Fund Completes Third Investment

MLA48, Canada’s first angel investment fund committed to providing a 48-hour turnaround on investment decisions, has announced its third investment in ConferenceCloud.

ConferenceCloud is an innovative digital platform that provides a virtual solution for the next generation of hybrid conference events.

The Toronto startup is a graduate of the 2015 University of Toronto Early Stage Technology (UTEST) program cohort.

Founded in 2014 by siblings Olivia and John-Alan Simmons, ConferenceCloud empowers conference organizers to take their content online and sell tickets to virtual attendees around the globe by aggregating interactive content, ticket sales, and virtual networking in one digital location.

As a bonus for organizers seeking additional revenue streams through hybrid models, the platform also stores content for after-the-fact streaming.

“Olivia and John-Alan are a star co-founding team and we look forward to seeing ConferenceCloud become the next success story in the Toronto start-up ecosystem,” said MLA48 Managing Director, Brandon Corman. “One of MLA48’s goals is to collaborate with university accelerators such as UTEST and give talented young entrepreneurs the financing to really think big.”

“MLA is an exceptional group of distinguished individuals with a vast array of backgrounds to learn from. Our experience with MLA48 throughout the process was supportive, informative, and motivational,” said Olivia Simmons, co-founder and CEO of ConferenceCloud.

“They worked hard to understand our business and provided invaluable advice. As an early-stage entrepreneur, you spend a lot of time waiting for decisions and responses. MLA48’s dedication to fast decisions puts them a cut above the rest.”

“Three months after launch, we see demand for ConferenceCloud’s solution taking off,” said Mike Betts, co-director of the UTEST incubator. “We anticipate this financing round will help make 2016 a year of immense growth for ConferenceCloud.”