On September 5, 2017, Finaeo raised $2.25 million in a seed-stage financing. The round was led by Impression Ventures, with participation from 500 Startups, Robo Ventures, and iGan Partners.
Finaeo is a Canadian insurtech platform built for financial advisors, particularly with a focus towards group benefits and individual/voluntary insurance. Finaeo helps advisors in these verticals automate their back-office administration by providing a digital assistant powered by a custom-built CRM engine.
Impression Ventures is a venture capital firm with committed capital sourced from some of Canada’s leading financial institutions, entrepreneurs, and financial services executives. The firm is focused on investing and leading deals in FinTech companies.
Osler, Hoskin and Harcourt LLP represented Finaeo with a team consisting of Chad Bayne, Justin Dharamdial and Jeremy Lin (Corporate) and Impression Ventures with a team consisting of Chima Ubani and Michael Grantmyre (Corporate).