BetaKit – Zoom.ai Raises $3.1 Million Seed Extension To Expand Solution Into Europe

Article via BetaKit – Toronto-based Zoom.AI has raised a $3.1 million seed extension, led by Evolution Equity Partners with existing investors Betaworks, BDC, Good News Ventures, Two Small Fish Ventures, and North Spring Capital. 

The extension follows the initial seed round in early June 2017 and brings the total seed investment to $5.2 million. The company plans to use the funding to invest in its product development and expand its sales in the US and Europe.

“This seed extension financing round will enable us to grow our team to meet demand and expand our presence in both the European and the US markets.” – Roy Pereira

“Zoom.ai is leading a new approach to tackling the complexity of the modern workplace,” said Roy Pereira, CEO and founder of Zoom.ai. “Enterprises are seeking new ways to engage and empower their employees — Zoom.ai brings secure, intelligent automation to the workplace and enables enterprises and employees to cut down on time spend on menial task and focus in on work that drives business. This seed extension financing round will enable us to grow our team to meet demand and expand our presence in both the European and the US markets. Partnering with Evolution Equity Partners will help us emphasize our commitment to enterprise security.”

Read the full article here.

Posted by Melissa Durrell on April 13, 2018


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