Edmonton SAAS platform Granify seeded with $1.5 mln by VCs and angels

Granify Inc, an Edmonton, Alberta-based software-as-a-service platform that brings real-time data and machine learning to online retailers, has received $1.5 million in seed-stage financing. Deal participants included Canadian venture capital firms iNovia Capital, Klass Capital, BDC Venture Capital and Extreme Startups, U.S.-based Valar Ventures and Social Starts, and nine individual angel investors. The company will use investment proceeds to grow through product development, infrastructure, and by attracting more online retailers to its product. Granify also raised venture capital funding in 2012.

6 November 2013•4 mins read
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