On November 9, 2021, Savvyy Technologies announced it had completed its $3.1 million seed financing round led by angel investors including Joe Canavan, Michael Zych, Kevin Walton, Michael Vanderkaden and ScaleUp Ventures. The financing round includes previously secured SAFEs (Simple Agreement for Future Equity), bringing Savvyy’s total funding to $5.7 million. The proceeds from the financing will be used to modernize the company’s lending infrastructure and will allow lenders to automate and streamline the lending process.
Savvyy Technologies is a Toronto-based technology firm specializing in lending software solutions and infrastructure.
Osler, Hoskin & Harcourt LLP advised Savvyy Technologies with a team consisting of André Perey and Jeremy Lin (Emerging and High Growth Companies).