Funding for Connectctica in the amount of $2.7 million during their seed stage
Connektica Secures $2.7 Million in Seed Funding for Expansion
Gatineau, Quebec-based start-up Connektica has announced the successful closure of a $2.7 million seed funding round on October 31, 2022. The funding will be utilized for expansion, hiring more staff, and product development.
The start-up specializes in electromagnetism, automation, and data science, with a focus on reducing radiofrequency testing costs while maintaining quality standards. The funding will help accelerate their growth and enhance their AI technology to better serve enterprise clients with personalized customer communication.
The seed round saw participation from several prominent early-stage venture capital firms and angel investors, though specific names of all participating investors have not been publicly disclosed. The round was led by a lead investor, with additional backing from the National Research Council, Boreal Ventures, Space.VC, and the RAO Family Irrevocable Trust.
During the seed round, Connektica received legal advice from Hoskin & Harcourt LLP. The firm's team, consisting of Chima Ubani, Geneviève Burdon, and Vincent Legault, specialized in corporate and emerging and high growth companies law.
Geneviève Burdon, a member of Hoskin & Harcourt LLP's team, focuses on emerging and high growth companies, while Chima Ubani and Vincent Legault specialize in corporate law. Their expertise will undoubtedly aid Connektica in navigating the complexities of growth and expansion.
The funding and advisory support received from Hoskin & Harcourt LLP and the investors will enable Connektica to scale operations and broaden market reach, aiming to secure a stronger foothold in the competitive customer experience and AI engagement landscape.
As more information becomes available, we will bring you updates on Connektica's progress and future plans. Stay tuned!
- The funds secured by Connektica will be used to expand their business, hire more staff, and develop their AI technology, which specializes in high growth companies focusing on electromagnetism, automation, and data science within the technology sector.
- The legal counsel provided by Hoskin & Harcourt LLP, with Geneviève Burdon, Chima Ubani, and Vincent Legault leading the team, brings invaluable expertise in corporate and emerging high growth companies law, helping Connektica navigate the complexities of growth and expansion to scale operations and broaden their market reach.
