Wrnch handles $1.8m series A

Wrnch, a software developer spun out of Concordia University, has closed a $1.8m series A round featuring Aligo Innovation, a commercialisation firm partnering several Quebec-based universities, according to TechCrunch.

VC firm Radical Ventures led the round, which also included TandemLaunch Ventures, the seed fund of university spinouts accelerator TandemLaunch, and Gr0k Technologies, an organisation founded by Wrnch founder Paul Kruszewski.

Founded in 2011, Wrnch develops tools and middleware that enable computer programmers to build, test, debug and share various stages of their augmented reality software.

The funding will be used to bring Wrnch to market more effectively and demonstrate the core business model, bringing it across multiple platforms.

Aligo is a university research commercialisation vehicle formed in 2014 following the integration of Valeo and MSBI Valorisation’s (MSBIV) operations.

Valeo is a limited partnership working in partnership with Concordia University and Université du Québec system. MSBIV is an early-stage investment group working in tandem with McGill University, Université de Sherbrooke and Bishop’s University.

Paul Kruszewski, chief executive of Wrnch, said: “We are working with the various crackerjack computer vision team units on actual production stuff right now.”