Kili Technology Corporation
Toronto, ON | Exited
President: Alex Walker
Rouge River Capital Investment Role: Co-Lead Investor and Co-Founder
Rouge River Capital Ownership: Minority
Year of Initial Investment: 2014
In 2014, Rouge River Capital teamed up with Blue Sky Capital to acquire selected intellectual property (“IP”) and hardware assets of Secure Key Technologies, a Toronto based encryption company. Kili was thus born, and focused on developing a state of that art dual core processor, containing both a secure element and a near-field communication microchip. The technology proved ideal for the mobile payment industry. Over the past year, Kili raised substantial capital and grew to over 40 employees.
In March 2015, the microchip IP and assets were successfully sold to Square Inc, a large California based credit card processing company.
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