Funding Roundup: GradeSlam, Conavi Medical, MediaValet

February 15, 2019

This week saw funding across industries, from healthtech to education to B2B software. Here are some of the stories you may have missed:

GradeSlam

Montreal-based GradeSlam, an online tutoring software, has announced a new round of funding from the Google Assistant Investment Program, Birchmere Ventures, BDC Capital, Reach Capital, and Ages Quebec.

The platform is chat-based and aims to provide free, 24-hour tutoring and learning support for students. GradeSlam plans to use this financing to introduce a voice-based platform.

“Voice technology is the next-generation interface. After running countless focus groups, it became evident that students from a younger age were asking voice assistant for help with their homework,” says Philip Cutler, CEO of GradeSlam. “As leaders in personalized learning, it’s our responsibility to find new ways to leverage different technologies. Our experience in the education system allowed us to understand students’ needs and maximize our opportunities to support them through voice technology.”

MediaValet

MediaValet, a provider of digital asset management software, announced a $1.5 million fully subscribed, non-brokered private placement from executives. In addition, startup veteran Thomas Kenny and CMO of Pendo Jake Sorofman have joined MediaValet’s Board of Directors.

“We welcome the addition of Thomas and Jake to our Board of Directors. As our business accelerates into 2019, their extensive leadership, sales and marketing, and high growth tech experience will be invaluable to our team,” said David MacLaren, Founder and CEO of MediaValet.

“We’re entering 2019 with unprecedented momentum and opportunity; setting the stage for an exciting growth year and one that will benefit from the guidance and support of Mr. Sorofman, Mr. Kenny and our entire Board.”

Conavi Medical

FedDev Ontario has announced the support of Conavi Medical, a Toronto-based medical technology development and manufacturing company. The Government of Ontario will be providing more than $3.9 million in order for the company to expand its production facility for its two primary innovations: Novasight HybridTM and ForesightICETM. These systems enhance the personalization of medical treatments by collect imaging data to enable better visualization during cardiovascular procedures.

“Today’s announcement of FedDev Ontario support for Conavi Medical Inc. reinforces Canada’s strong record of health innovation,” said The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development. “This project is helping to transform cardiac procedures, leading to improved health outcomes for Canadians, while creating well-paying jobs in southern Ontario.”