ProNavigator closes seed round, ups funding to $2 mln-plus

ProNavigator, a Waterloo-based insurance technology company, has closed a seed-stage financing, bringing its total funding to more than $2 million. MaRS Investment Accelerator Fund and GreenSky Capital led the round. They were joined by Innovation Grade Ventures and several angel investors. Founded in 2016 by CEO Joseph D’Souza, ProNavigator provides an artificial intelligence-enabled virtual assistant that helps insurers and agencies automate customer inquiries, supporting increased sales, retention and productivity. The funds raised will be used for enhancing the company's technology and expansion in the U.S. market.