On March 26, 2019, Finaeo announced that it received $5.35 million in additional Seed financing led by new investor Luge Capital. Finaeo will use the proceeds to further invest in product development and customer acquisition, and to fund geographical expansion starting with the United States.
Finaeo is a Canadian insurtech platform built for financial advisors, with a focus towards group benefits and individual/voluntary insurance.
Osler, Hoskin & Harcourt LLP represented Finaeo with a team led by Chad Bayne that included Justin Dharamdial (Emerging and High Growth Companies) and Lisa Pincus (Corporate).