Well.ca raises angel funding

Congratulations to online drugstore Well.ca, which announced today that it has closed a round of funding -- one that has been several months in the making. The size of the round wasn't disclosed, but the investors were Jim Estill and Toronto's Maple Leaf Angels. It's the first external funding for the company and also seems to be the first deal that Maple Leaf Angels has announced.

It's the latest in a string of angel-backed deals for local startups. As I mentioned before, we had six companies raise seven-figure seed rounds in 2007 and every one of them involved angels (although one -- AideRSS -- was led by VC firm Tech Capital Partners).

I first talked to Well.ca founder Ali Asaria late in 2006, and the entire entrepreneur services team -- and I think just about everyone else at Communitech too -- has enjoyed working with Ali and his team ever since.

(See Ali's comments about the investment.)


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