BEST Funds Secures $1.5 Million Financing with Xiplink

 

February 26, 2014

BEST Funds, a Toronto-based venture capital firm, announced that they have invested $1.5 million in XipLink, a leader in the development of wireless bandwidth optimization products. The capital will be used by XipLink for sales and marketing initiatives, as well as to aid in the continuation of innovative technological developments.

A company that invests in tomorrow’s winning corporations, BEST Funds seeks out emerging firms that create necessary, groundbreaking technologies and are seeking to expand their market share and accelerate growth. CEO of BEST Funds, John Richardson, said of the deal with XipLink, “The capital we have invested in XipLink will help them reach the necessary milestones in order for their cutting-edge technology to significantly expand market penetration.”

When asked what this funding would do for the company, XipLink’s President and CEO, Jack Waters, said, “Since being named Technology of the Year by The World Teleport Association, our company has been enjoying rapid expansion and growth. We’re excited to be able to use this investment to fully capitalize on that growth, and continue to create innovative technologies that have made us a leader in wireless optimization products.”