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Palantir co-founder Joe Lonsdale’s venture firm 8VC was the lead investor in the Series A fundraising round. Other investors included Audacious Ventures, Homebrew, Btech Consortium and Service Ventures. (The Logic)
Talking point: Founded in 2024 and dual-headquartered in San Francisco and Montreal, the startup comes from three of the co-founders of Oohlala, a mobile app for campuses that was later rebranded as Ready Education when it merged with edtech DubLabs in 2018. The company said it will use the money from this round to grow its platform and add more staff. It claims its platform can automate up to 70 per cent of consumer, mortgage and commercial lending tasks, reducing clients’ costs by up to 35 per cent. The company has raised US$36 million to date, said spokesperson Samantha LaBan.
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