# Relay: portfolio, investments and team

> Relay is a growth equity based in Canada. 10 investments on record, latest Apr 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/relay (Millionrounds; every figure on the page links to its filing or article)

Canada · [Investor](https://millionrounds.com/investors)

# Relay

Last cheque observed Apr 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Growth equity Website unconfirmed

Series A Series B Series C Banking Data Integration FinTech

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 10 on record

Since the last cheque **2757** days **00** hrs **00** min **00** sec

Median round **$22M** Rounds led **0 of 10** Mostly in **Canada, 70%**

Pitch Relay

## Relay highlights

- 01 10 rounds on record
- 02 Mostly Series A and Series B: 60% of its rounds

## What they do

- **Type:** Growth equity (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Banking Data Integration FinTech
- **Based in:** Canada
- **Cold pitches:** Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=relay).

## The record

Every round we can evidence, newest first **10 appearances**

- **2019** 4 rounds
- **Apr** **[PubNub](https://millionrounds.com/company/pubnub)** Series D · US · FinSMEs **$23M** With 6 others
- **Feb** **[Circle Media Labs](https://millionrounds.com/company/circle-media-labs)** Series B · US · FinSMEs **$20M** With 3 others
- **Feb** **[Mojio](https://millionrounds.com/company/mojio)** Series B · CA · VentureBeat **$40M** With 10 others
- **Jan** **[7shifts](https://millionrounds.com/company/7shifts)** Series A · CA · FinSMEs **$10M** With 2 others
- **2018** 4 rounds
- **Jun** **[TouchBistro](https://millionrounds.com/company/touchbistro)** Series D · CA · FinSMEs **$54M** With 3 others
- **Mar** **[Swift Mediacl](https://millionrounds.com/company/swift-mediacl)** Series A · CA · FinSMEs **$12M** With 2 others
- **Mar** **[Ecobee](https://millionrounds.com/company/ecobee)** Series C · CA · FinSMEs **$61M** With 7 others
- **Feb** **[Greenlight](https://millionrounds.com/company/greenlight)** Series A · US · FinSMEs **$16M** With 6 others
- **2017** 2 rounds
- **Nov** **[Mojio](https://millionrounds.com/company/mojio)** Series B · CA · BetaKit **$30M** With 5 others
- **May** **[TouchBistro](https://millionrounds.com/company/touchbistro)** Series C · CA · FinSMEs **$12M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **1** person at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## The cheque

Series A Series B Series C

Median round joined **$22M** the round, not its cheque

Led 0 of 10 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Apr 2019

Rounds by stage said on their site

- Series A *3*
- Series B *3*
- Series C *2*
- Series D *2*

Cheques by year Led Joined

2017 2019

Often in the room with

- [Amazon Alexa Fund](https://millionrounds.com/fund/amazon-alexa-fund) 3
- [Bosch](https://millionrounds.com/fund/bosch) 2
- [Deutsche Telekom](https://millionrounds.com/fund/deutsche-telekom) 2
- [Innogy Ventures](https://millionrounds.com/fund/innogy-venture-capital) 2

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## Who they invest alongside

The investors most often in the same rounds as Relay. A count of rooms they were both in, not a relationship either has claimed.

[**Amazon Alexa Fund** Corporate VC **3** rounds together](https://millionrounds.com/fund/amazon-alexa-fund)[**Bosch** VC firm **2** rounds together](https://millionrounds.com/fund/bosch)[**Deutsche Telekom** Corporate VC **2** rounds together](https://millionrounds.com/fund/deutsche-telekom)[**Innogy Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/innogy-venture-capital)

## Recently backed

The latest companies Relay put money into.

[**PubNub** $23M · Apr 2019](https://millionrounds.com/company/pubnub)[**Mojio** $40M · Feb 2019](https://millionrounds.com/company/mojio)[**7shifts** $10M · Jan 2019](https://millionrounds.com/company/7shifts)[**Ecobee** $61M · Mar 2018](https://millionrounds.com/company/ecobee)

## Quick answers about Relay

### What does Relay invest in?

Relay invests most often at Series A and Series B (60% of the rounds on record), in sectors such as Banking, Data Integration and FinTech.

### How active is Relay?

10 investments on record, 0 of them in the last 12 months. The most recent was in Apr 2019.

### What has Relay invested in recently?

Its most recent investments on record: PubNub (Series D, Apr 2019), Circle Media Labs (Series B, Feb 2019) and Mojio (Series B, Feb 2019).

### How big are Relay's cheques?

The median round it joins is $22M.

### Does Relay lead rounds?

Rarely, if at all: none of its 10 investments on record names it as the lead.

### Where does Relay invest?

Most of the companies it backs are in Canada (70%) and the United States (30%).

### Is Relay investing now?

No investments in the last 12 months; the latest was in Apr 2019.

### Who does Relay invest alongside?

Most often Amazon Alexa Fund (3 rounds together), Bosch (2 rounds together) and Deutsche Telekom (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=relay) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=relay)
