BDC backs $3.1m seed extension for Zoom.ai

The workplace automation developer has now raised more than $5m.

Zoom.ai, a Toronto-based startup which develops workplace automation solutions, has raised $3.1m in a seed extension financing round, the firm announced this week.

The round was supported by returning investors including the state-owned Business Development Bank of Canada (BDC) as well as venture capital investors Betaworks, Good News Ventures, Two Small Fish Ventures and North Spring Capital. The round was led by Evolution Equity Partners.

Roy Pereira, CEO and founder of Zoom.ai said: “Enterprises are seeking new ways to engage and empower their employees. Zoom.ai brings secure, intelligent automation to the workplace and enables enterprises and employees to cut down on time spend on menial task and focus in on work that drives business.

“This seed extension financing round will enable us to grow our team to meet demand and expand our presence in both the European and the US markets.”

The latest round follows the news that the company has agreed partnerships with Microsoft and Google.

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