Rare venture capital news out of Saskatoon, where VendAsta Technologies has announced $3 million in first round funding from Victoria Park Capital for their MyFrontSteps.com social site. MyFrontSteps aims to create a social network that lets homeowners share their experiences with local service providers (contractors, home maintenance, real estate agents, etc.), and also to allow those providers to manage their presence on the site.
The press release uses the term “social graph”; perhaps no one told these guys that Facebook already owns Canada’s social graph. I digress though, there are no dominant social sites targeting homeowners and home service providers, so there is definite room to grab this market. Saskatchewan developers: they’re also hiring.