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Owl.co raises $2.6 mln in seed round led by Impression, Luge

Owl.co has raised $2.6 million in a seed-stage financing, the Vancouver-based financial technology provider told PE Hub Canada.

The deal was led by Impression Ventures and Luge Capital, both Canadian fintech venture capital firms. They were joined by existing backers Sway Ventures, Inovia Capital, Plug and Play, Builders VC and Holt.

Owl.co was launched in 2018 by CEO Sean Merat and CPO Sohrab Merat, both serial founders, as well as COO Vahid Mirjalili. Its solutions help banks and insurers manage critical processes around customer data collection.

Owl.co’s technology supports customer on-boarding, know-your-customer and anti-money-laundering due diligence, and fraud detection.

Photo (left to right): Vahid Mirjalili, Sohrab Merat and Sean Merat, founders of Owl.co.