Tech Company Financing Transactions
Penny AI Funding Round
Penny AI, based in Squamish BC, secured $27 million from PSG, Acronym Venture Capital and ScaleUP Ventures.
Transaction Overview
Company Name
Announced On
6/1/2022
Transaction Type
Venture Equity
Amount
$27,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the platform's expansion into areas that are underserved by existing sales enablement technologies, yet are critical for sellers' business growth and quality of life, through: Engagement Based Micro-Learning -- A learning platform built for how adults actually learn, combining curriculum with science-backed learning design to enable learning in the flow of work to upskill sellers. Insights and Data Visualization -- Actionable insights and data visualization for sellers and corporate teams to understand their business at a glance and drive the next best action. Social Commerce -- Closing the gap between customer discovery and instant transactions across social channels to track sales data and attribution in a single platform.
Company Information
Company Status
Private & Independent
Industry
SalesTech
Mailing Address
PO Box 1851
Squamish BC, V8B 0B3
Canada
Squamish BC, V8B 0B3
Canada
Phone
Undisclosed
Website
Email Address
Overview
To fully understand the power of Penny, we need to go back to the beginning, to long before the idea of Penny ever came to be. But if you want the highlight reel.
Management Team
Title
Name
Email & Social
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We do our best to report on tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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