Software analytics platform, bitHound, has raised over $2 million in seed-stage financing. The round was led by Michael Wekerle, founder and CEO of Canadian specialty finance firm, Difference Capital. Born in Canada, bitHound gives developers all the information they need to produce well-written, efficient software.
“This funding will propel us further into creating a tool where developers can use real-time predictive analysis to create the best software possible,” Dan Silivestru, CEO of bitHound mentioned in a press release today.
The company was founded last year in the heart of BlackBerry country, Kitchener, ON, and hopes to continue growing thanks to this investment.
A few former-BlackBerry employees are currently working at bitHound, so we’re pretty excited to see them, the company and the local community continue to thrive. Check out the press release below for more information.
bitHound Closes Over $2 Million in Seed Funding
Led by investor Michael Wekerle, along with BDC Capital and angel investors
TORONTO, ON — (Marketwired) — 11/24/14 — bitHound, the software analytics solution providing developers with the information required to deliver clean, efficient and maintainable code, announces the closing of over $2 million in seed funding to further accelerate the company’s impressive growth. The investment was led by Michael Wekerle of Difference Capital, along with BDC Capital and additional angel investors.
“It’s not hard to write code. But it is hard to write high-quality, maintainable software. Our goal is to become a trusted member of a development team, providing valuable insights and actionable recommendations leading to great software,” said Dan Silivestru, CEO of bitHound. “This funding will propel us further into creating a tool where developers can use real-time predictive analysis to create the best software possible.”
“bitHound is redefining the way developers and management work together, creating a tool that will foster conversation among developer teams,” said Michael Wekerle, co-founder and CEO of Difference Capital and one of the dragons on CBC’s Dragons’ Den. “We are thrilled with the momentum the company is demonstrating and believe that bitHound is one of the rising startups that is paving the way for improved code quality and software analytics.”
CIO, CTO & Developer Resources
To learn more about bitHound, visit www.bithound.io.
bitHound is a software analytics solution headquartered in Kitchener, ON. bitHound provides developers with the information required to deliver clean, efficient and maintainable software. bitHound offers developers valuable insights into their software projects and provides relevant actions to improve code quality. For more information on bitHound, please visit: www.bithound.io
About Difference Capital Financial Inc.
Difference Capital Financial invests in and advises growth companies. We leverage our capital markets expertise to help unlock the value in technology, media and healthcare companies as they approach important milestones in their business lifecycle. Difference Capital Financial is traded on the Toronto Stock Exchange under the symbol “DCF”.
A subsidiary of the Business Development Bank of Canada (BDC), BDC Capital offers a full spectrum of specialized financing and investment solutions to help Canadian entrepreneurs achieve their full growth potential. With more than $1 billion under management, BDC Capital takes a strategic, patient approach to nurture companies’ development over the long term. From venture capital to equity to growth and transition capital, our team of over 100 experienced, local professionals partner with entrepreneurs to identify and meet their needs on flexible terms. Some of the sectors in which we specialize include IT, industrial/clean/energy technology, and healthcare. For more information, please visit www.bdccapital.ca or follow us on Twitter at @BDC_Capital.