Canopy Labs Seeded With $1.5M Financing – Report

Canopy Labs Inc., a provider of customer data and analysis for small and medium-sized businesses, has received seed financing totaling C$1.5 million from a mix of Canadian and U.S. venture capital investors. According to a report by the Toronto Star, Thornhill, Ontario-based Canopy has been backed by BDC Venture Capital IT Fund, California-based Valar Ventures, and several angel investors. Canopy, which was founded earlier this year, is a recent graduate of the Y Combinator program, a startup accelerator program located in Silicon Valley.

More information about Canopy Labs is found on the company’s website.

Photo courtesy of Shutterstock.

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