HR and benefits platform Collage raises $5 mln from Diagram

Toronto HR and benefits platform Collage has raised $5 million in seed-stage financing. The announcement confirms news previously shared by the startup's Canadian investor, Diagram, which launched a $25 million debut fund in January. Founded last year by Elijah Moore, Peter Demangos and Steven Hanna, Collage has developed a cloud-based software application that helps businesses automate the administrative work involved with HR, group benefits, and payroll administration. Diagram CEO François Lafortune said his firm's focus on backing "the best insurance technology in Canada," made Collage "a natural choice for one of our first investments."

22 February 2017•4 mins read
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