Urban analytics platform Ratio.City closes $1 mln seed financing
Ratio.City, a Toronto-based urban analytics platform, has raised $1 million in a seed-stage financing. U.S. early-stage venture capital firm 2048 Ventures led the round. Also investing were Riocan Real Estate Investment Trust, Tercot Developments, Rockport Capital, Smycorp Capital and Guloien Capital. Founded in 2017 by CEO Monika Jaroszonek and CTO Erin Morrow, Ratio.City provides cloud-based mapping and analysis tools to help developers and planners access data, evaluate options and make better decisions about real estate opportunities. The round's proceeds will be used to grow Ratio.City's sales team and enhance the platform by bringing on more data points and geographical locations.
23 July 2019•3 mins read
