Volley, a Toronto-based tech startup that facilitates introductions between people looking for advice and those with relevant expertise, announced today that it has raised a seed round from Ryerson Futures Inc to accelerate its growth.
"Volley is an ideal company for our fund. Great founders, a massive market, and unique technology" says Matt Saunders, President of Ryerson Futures.
Instead of going through a process of introductory emails and networking events, Volley cuts through the noise by asking users a simple question — what are you looking for? (eg. “I’m looking for advice from someone who has developed sales and success metrics for an eCommerce store”). These requests are either replied to or volleyed to contacts who are better suited to help. Since requests can be volleyed to anyone in a member’s address book, Volley greatly increases the reach of each request, helping members get introduced to valuable people with the relevant expertise they had no idea they were connected to.
“We’re excited to join a great portfolio of companies, many of which we now have the privilege of working alongside in the heart of Toronto” said Mike Murchison, CEO and Next 36 alum, referring to RFI’s, and now Volley’s, home in the Digital Media Zone. “Every day at the DMZ, we witness the paying-it-forward behaviour that Volley encourages, which helps both inform our product decisions and remind us that despite being a digital product, we’re intent on facilitating connections in the physical world.”
Volley has already facilitated over 2,100 successful introductions, and is growing rapidly with all activity on its application increasing at over 10% week over week. Its growing popularity is reflective of the unique networking needs of millennials who are quick to collaborate and frequently meet people online first before connecting in person. “We’ve been amazed at how helpful Volleyers have been to each other. We thought it would be a challenge to get people to reply to each other’s requests; in reality, the number of replies outweighs the number of requests on Volley by a factor of 2 to 1,” says co-founder David Hariri.
Volley is a web app that empowers its members to easily ask for advice and pay it forward. Members create short, actionable requests and get introduced to people with relevant expertise. Volley was founded in February 2014 by Mike Murchison and David Hariri who are committed to building beautiful, intelligent software that helps others. For more about Volley and how it works go to http://volley.works.
About Ryerson Futures Inc.
Ryerson Futures Inc. (RFI) is a Founders First Accelerator program connected to the Digital Media Zone at Ryerson University, focused on assisting early stage technology companies as they grow and scale. RFI manages a venture fund and provides seed financing, advisory services and customer connections to select startups in exchange for an equity stake. Since 2010, RFI and the DMZ have incubated over 130 startups that have raised in excess of $40m in funding. For more information, visit http://www.ryersonfutures.ca
For press inquiries, please visit http://volley.works/