Runwithit builds digital twins of cities to help municipalities simulate and prepare for situations like evacuations and other emergency responses, decarbonization, and social and infrastructure planning. (The Logic)

Talking point: It’s the 10-year-old company’s first round of venture capital besides funding from accelerators and incubators, PitchBook data shows. The investment fits with Raven’s mandate to support Indigenous-led companies that are creating positive social or environmental impact. It comes as Raven—which says it’s the only Indigenous-led and -owned impact investment firm in North America—expands its reach both in Canada and the U.S. Ottawa recently named the Vancouver-based firm among five VCs picked to split $25 million from the Venture Capital Catalyst Initiative to support underrepresented founders. Raven announced last month that it is opening its first U.S. office.