Kelowna-based startup Tonit raised $600,000 in seed funding this round ending August 15, to develop the full version of its motorcycle community app, Tonit. Atrium Ventures led the round.
Tonit is the all-in-one motorcycle community app developed by riders for riders. With a free download to iOS and Android, the app helps riders connect with other riders, plan, track and share routes, post bike-related experiences, and stay safer on the road. Bikers will never again wonder where their friends are at.
The company founders consist of Jason Lotoski and Paul Kobasiuk, both motorcycle riders and enthusiasts who saw a need in the market for a convenient, community based app for riders to do all their motorcycle-related planning and tracking in.
The funding will be used for new team hires, app development and scalability, and market growth to meet company goals, both long and short term.
Jeff Keen, Atrium Ventures “We are pleased to be supporting Tonit at the early stages of their business growth because they have identified a very unique opportunity in the marketplace with significant upside. In particular, the social aspect of their business model creates strong network effects which are very compelling. They can create strong barriers to competition, which helps lead to explosive growth.”
Jason Lotoski, Tonit Founder and CEO, “We are very proud to have Kelowna's leading investors and fund groups supporting us with their wealth of knowledge, expertise and networks. It is incredible how much they support us and believe in our amazing team.
This has also given us a lot of validation that what we have been working so hard to build is something with incredible potential. We were very particular to who we wanted to invest because of their background and expertise, and we feel like we have the best for our company.”
Tonit Media Solutions is a startup company founded in 2016 by riders, for riders. We’re not just a motorbike app for riders to connect on, but a company that lives for the thrill of each and every ride. Start your journey with us.
For more information, screenshots videos, and download links to the Apple App Store and Google Play Store, visit: www.tonit.com
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