Vancouver company Phemi’s software promises to keep private data secure

There aren’t many teams that have had repeated success building up and selling valuable tech companies in Canada together.

So when John Seminerio, Paul Terry and Adam Lorant embarked on their latest venture, Vancouver-based data security company PHEMI, they had little trouble lining up financial backers.

“Hands-down, our investment was a team bet,” said Mike Satterfield, general partner of Yaletown Venture Partners, which invested as part of a $2.8-million seed round in 2014 and again in a $12.2-million Series A round last month.

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Author: The Globe and Mail