Two Toronto-based startups have announced fresh funding rounds to fuel their growth. Here’s the latest on who has raised.
Clik.ai raises $2 million to grow teams, R&D
Toronto-based Clik.ai, which helps users underwrite commercial real estate loans, has closed a fundraising round of $2.6 million CAD led by Redmore Properties Inc., Pavin Ventures, and others. Clik.ai will use the investment to develop its technology, data science, and product teams. It also plans to increase its data science research and development in India by hiring more experienced engineers.
“With machine learning and simplified on-boarding, [Clik.ai] will become the main disrupter in the loan servicing and origination space, and will further impact the [commercial real estate] asset management and brokerage sectors as the requirement to aggregate and exchange data from all sources within an ecosystem becomes a cost premium,” said Damien Moore, president of Redmore Properties.
Clik.ai currently helps commercial mortgage originators and servicers assess over $1 billion in mortgages monthly. Three of the top ten mortgage banking firms in the US work with Clik.ai, and the startup is also looking toward European and Australian markets.
Veühub raises $2 million to scale
Veühub, an online platform that provides video content and programmatic monetization solutions, has raised $2 million in seed funding from Bethmann Lombard Bancorp Inc.
Veühub’s technology brings together video publishers, brands, and agencies in a data-driven, content sharing, and monetization platform. The platform offers a self-serve content management system that currently hosts over 500,000 videos, and a multiscreen video player that offers on-demand video experiences.
“We live in an age of video ubiquity and people now expect to find high-quality video content wherever they land online, but the creators of these videos need to find ways to make money from their efforts,” said Hainsley Guthrie, CEO and co-founder of Veühub. “What Veühub does is fill the premium content void and assist both creators and web publishers with their monetization efforts.”
The Toronto-based startup claims it has shared millions of videos from unique content creators since launching in 2016. The funds raised in this seed round will be used to scale internal development and Veühub’s sales team, along with completing the build of its new SaaS product, Slyngshot.
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