MLA48 Invests Seed Capital in Sharethebus

MLA48 has invested in Sharethebus.

It is the second investment by MLA48, a Canadian angel investment fund committed to providing 48 hour turnaround on investment decisions, in the Montreal-born startup. The seed round was $750,000 in total.

Sharethebus, founded by Kyle Boulay and Wolf Kohlberg, is a technology-powered marketplace for private and ride-share charter buses.

“The MLA48 Fund is well-connected, with a very efficient and straightforward financing process, which was exactly what we were looking for in an early stage investor,” said Boulay. “Our experience working with MLA has been very positive, professional and rewarding and we will be recommending them without hesitation to our peers.”

“Sharethebus is a great addition to our portfolio as we are constantly searching for Canada’s best entrepreneurs who demonstrate dedication, tenacity and drive,” said Brandon Corman, Managing Director of MLA48. “Our goal at MLA48 is to change the way founders think about raising money in Canada.”

Established in 2014, Maple Leaf Angels 48 Fund I Limited Partnership is a limited partnership designed to foster innovation in Ontario by accelerating funding timelines for Ontario’s brightest entrepreneurs while providing diversification for accredited investors.