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Data Center News > Blog > Investments > Beacon Raises CAD $5.25M in Seed Funding
Investments

Beacon Raises CAD $5.25M in Seed Funding

Last updated: May 23, 2024 7:49 am
Published May 23, 2024
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Beacon, a Toronto and Montreal, Canada-based supplier of a brand new resolution constructed to facilitate transitions for immigrants relocating to Canada, accomplished a CAD $5.25m seed funding.

Backers included Jawl Residential Group, Wayne Pommen, Adrian Rocca, Jonathan McCain, in addition to US institutional traders together with MS Transverse Insurance coverage Group.

The corporate intends to make use of the funds to speed up the event of its app.

Led by Stuart Szabo, CEO, and Aditya Mhatre, Co-Founder and Chief Product & Know-how Officer, Beacon offers an app – tailor-made to the wants of Canadian immigrants – which offers related content material, custom-made digital info and checklists for folks earlier than they depart their house nation. The app will quickly embody Beacon Cash, an progressive, purpose-built method to fixing an immigrant’s monetary wants by providing on a regular basis monetary options.

FinSMEs

23/05/2024

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See also  UK manufacturer wins funding to develop critical data centres
TAGGED: 5.25M, Beacon, CAD, Funding, Raises, Seed
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