TIMIA Capital Corp (formerly GreenAngel Energy Corp.)

GreenAngel Energy Corp. was the first publicly-traded investment fund focused on start-up companies in the clean tech sector. Until October, 2015, GreenAngel was listed on the Toronto Venture Exchange under the symbol, “GAE” when it changed its name to TIMIA CAPITAL CORP, with the trading symbol, “TCA”. This transition was made in order to shift the Company’s focus from early stage clean-tech equity ventures to growth stage technology companies. Because of the long time – more than 8 years on average – that it takes for a new company to provide liquidity to its investors, the Company’s Board of Directors decided to adopt the “Revenue Based Financing” model.

Company details

7300 – 515 West Hastings Street , Vancouver , British Columbia V6B 5K3 Canada

Locations Served

Business Type:
Technology
Industry Type:
Renewable Energy
Market Focus:
Nationally (across the country)
Year Founded:
2009

GreenAngel Energy Corp is now TIMIA Capital Corporation. Follow our progress directly on a new LinkedIn page www.linkedin.com/company/timia-capital. We have transitioned the business to provided #capitalefficient revenue financing to emerging Software-as-a-Service ('SaaS') companies. We are the first publicly traded company to focus on this emerging and high growth sector of the global economy. We trade under the symbol TCA-V on the TSX Venture Exchange.

GreenAngel Energy Corp. was the first publicly-traded investment fund focused on start-up companies in the clean tech sector.

Until October, 2015, GreenAngel was listed on the Toronto Venture Exchange under the symbol,  “GAE” when it changed its name to TIMIA CAPITAL CORP, with the trading symbol, “TCA”.

This transition was made in order to shift the Company’s focus from early stage clean-tech equity ventures to growth stage technology companies. Because of the long time – more than 8 years on average – that it takes for a new company to provide liquidity to its investors, the Company’s Board of Directors decided to adopt the “Revenue Based Financing”model.

In Revenue Based Financing, growing companies with sales and good profit margins are provided with short-term capital to accelerate their growth. Instead of issuing shares, these companies pay a small (usually around 5%) monthly royalty on sales. These payments end when the investee company has repaid a negotiated amount, typically twice the original investment. This provides regular monthly cash flow to the investors.

Revenue-Based Financing (“RBF”) fills the gap in startup financing between seed/ angel funding and formal venture capital. Seed-funding usually limits out at a few hundred thousand dollars, and venture capital funds do not usually make investments under one million.

What’s driving innovation in the green energy sector? Concerns about GHG emissions and global warming, to the rapid depletion of oil and other non-renewable resources, are the major factors. This sector is likely to be one of the hottest sectors of the economy in the coming decade.

Thomas Freidman, author of “Hot, Flat & Crowded” talks about the fuels from Hell: oil, natural gas, coal; and the fuels from Heaven: hydropower, wind, solar, geothermal and wave.

Jeff Rubin (former chief economist at CIBC), in his latest book, “Why Your World Is About To Get a Whole Lot Smaller” says that oil demand and not the subprime crisis, was the cause (not effect) of the last recession. By driving prices up to unaffordable levels, it stalled the economy.

In the 1980s, we saw the emergence of desktop computers and software, and their absorption into everyday life. In the 1990s, the Internet emerged as the next great leap in technological adoption. Now, in the 2000s, “green” and “clean” technologies will be the next frontier for investors and entrepreneurs.