Tech Company Financing Transactions
CoLab Software Funding Round
CoLab Software, based in St. John's NL, raised $3.9 million from Hebron Consulting and Hibernia Management and Development Company.
Transaction Overview
Company Name
Announced On
3/19/2025
Transaction Type
Venture Equity
Amount
$3,900,000
Round
Undisclosed
Proceeds Purpose
The company intends to use the funds to around 60,000 hours of additional local software development to expedite the creation of its new product: ReviewAI. It also will accelerate: ML algorithms which can automatically identify similar design files. Generative AI to surface lessons learned or highlights from past reviews. New ways to view, interrogate and analyze 3D engineering data. Enterprise security, data protection and compliance controls.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
5 Hallett Crescent
St. John's NL, A1B 4C4
Canada
St. John's NL, A1B 4C4
Canada
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
We are reinventing the way engineering teams design and build products. CoLab started in 2017 after the founding team continuously experienced the pain of design and manufacturing collaboration while working for some of the world's most innovative companies.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Adam Keating
Chief Technical Officer
Jeremy Andrews
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We document every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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