Today in funding: PageCloud, Zafin, Procurify


Cloud-based companies are well-represented in this roundup of funding. Here’s the latest on who raised how much, and from whom.

PageCloud raises $5.4 million Series A

Ottawa-based PageCloud, which allows users to build website platforms on browsers, has raised a $5.4 million Series A.

In a report from TechCrunch, this brings the company’s total funding to date to $8.5 million.

Participants in the round include Accomplice, Export Development Canada, and angel investors like Shopify CEO Tobi Lütke, former SalesForce VP Avanish Sahai, and former LinkedIn VP Ellen Levy. PageCloud’s platform allows users, no matter their coding background, to build customized websites. Currently, the company has 15,000 users from 130 countries.

Procurify raises $7 million Series A

Procurify, a spend management software for businesses, announced a $7 million Series A round to aid its aggressive growth.

The round for the Vancouver-based company was led by Runa Capital, with participating investors Point Nine Capital, Nexus Venture Partners, and BDC. Hedgewood Inc. and Tom Williams also joined as investors. “It’s the pivotal transformation from reactive to proactive spending that results in a smarter spend culture. And with Procurify a company can transform to do just that,” said CEO Aman Mann.

Founded in 2012, Procurify includes features like basic budget management, fraud detection, and real-time spend tracking.

Zafin raises $13 million

Vancouver-based Zafin announced a $13 million private financing arrangement with Vancouver-based Vistara Capital Partners and Beedie Capital Partners.

The FinTech company’s platform, miRevenue, is targeted to financial service providers, and allows them to create products and product attributes to suit specific customer needs, apply pricing control, and streamline billing processes. Zafin plans to use the funding to continue building on its product and market development roadmap.

“We’re proud to galvanize our strong partnership with both Vistara Capital Partners and Beedie Capital Partners as we execute on our growth plans,” said Zafin Founder and Group CEO, Al Karim Somji. “We continue to add top-tier banks to our growing client list. With our proven platform strategy and recent additions to our executive leadership team, we have a tremendous opportunity to gain substantial market share moving forward.”

Jessica Galang

Jessica Galang

Freelance tech writer. Former BetaKit News Editor.

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