myComply, a Canada-based IoT technology and cloud-connected software provider for the construction industry, has secured $4.5m (£3.4m) in seed funding.
The seed round consists of $1.5m in non-dilutive government grants and $3m from private investors.
The company will use the fresh funding to support go-to-market functions and assist the rollout of numerous enterprise launches with some of the globe’s top builders.
The funds will also be used to expand the team to help the company grow and offer enhanced support to their existing client-base.
Headquartered in Saskatoon, Saskatchewan (with US operations in Manhattan, NY), myComply was founded in 2015 as a free platform built to store and manage construction training certifications.
Mark Wolff, CEO & co-founder at myComply, said: “Closing the books on our seed round allows us to plan as we gear up for a Series A round.
“We have been fortunate to have had a lot of support from both the provincial and federal government, as well as local investors here in Saskatchewan.
“Seed investment in myComply has allowed our team to grow, continue to learn, and build confidence in our path forward.”
Simon Kluge, director of revenue operations at myComply, added: “We have managed to create a strong brand in the industry as a smaller firm. Additional capital positions myComply for a coming-out party.
“We are confident in the product and it’s fit in the market, now it is time to expand our roots in the construction space. I expect these funds will allow our company to hit new milestones, grow its presence into new markets, and drive a refined, streamlined customer experience.”
To-date, myComply has served over 6,000 contractors globally and continues to grow its presence across North America.
Main image: myComply Team (Credit: myComply)
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