On December 15, 2023, Woveo announced it raised $2.3 million in seed financing in a round lead by BKR Capital. This round also saw participation from Relay Ventures and Northpine Foundation. Woveo plans on utilizing the funding towards expanding the reach of their platform.
BKR Capital, formally known as Black Innovation Capital Corp. focuses on assisting groups of individuals with optimizing their financial wellbeing.
Woveo, based in Calgary operates as a fintech startup.
Osler, Hoskin & Harcourt LLP advised BKR Capital with a team consisting of Justin Dharamdial, Jeremy Lin, and D’antal Sampson (Emerging and High Growth Companies).