Blocks.app, an Ottawa, Ontario, Canada-based provider of an AI-powered platform designed to eliminate tedious busywork for investment teams, raised US$1.5M in Seed funding.
The round was led by Storytime Capital and Mistral Ventures, with participation from the MaRS Investment Accelerator Fund and prominent angel investors, including Sébastien Marineau, VP at Apple, Scott Roberts, VP at LinkedIn, and Jeff Bonforte, former CEO of Grindr.
The company intends to use the funds to accelerate product innovation.
Led by CEO Bloks.app provides investment teams in Venture Capital and Private Equity work with an AI agent that automates note-taking, CRM updates, meeting briefs, thesis matching, and investment memos, allowing users to spend more time finding and nurturing the next big opportunity.
Bloks.app is currently piloting its platform with over 20 VC and PE funds across North America.
FinSMEs
25/09/2024