On June 11, 2018, Statflo announced that it has raised $12 million in Series A funding, bringing its total capital raised to $16.5 million. Elsewhere Partners led the round, joined by existing investors Round13 Capital and Globalive Capital, as well as new investors Generation Ventures and automotiveMastermind co-founders Johannes Gnauck and Marco Schnabl.
This round of financing will enable Statflo to accelerate development of its intellectual property and provide sufficient capital for the foreseeable future.
Statflo is a Toronto-based sales acceleration platform that is a one to one (1:1) compliant outreach tool that allows wireless and technology retail stores, along with their indirect channels, to proactively drive more store traffic.
Osler, Hoskin & Harcourt LLP represented Statflo with a team consisting of Chad Bayne, Simon Leith and David Jamieson (Corporate).