Statflo Raises $2.4 Million Seed Round to Accelerate Growth

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Statflo has raised a seed round.

The Toronto startup raised $2.4 million in a round led by Round13 Capital with participation from Extreme Venture Partners, MaRS IAF, Globalive Capital, Rising Tide Fund, Garage Capital, Hedgewood and TIO Networks.

The Canadian company says the capital will be used to accelerate growth.

Selected by CIX as one of Canada’s’ most innovative startups, Statflo delivers a data-driven platform that helps wireless retail stores drive sales, keep sales reps engaged, and deliver a modern, authentic customer experience.

“We are changing how wireless customer service is delivered,” said Kevin Gervais, Statflo’s co-founder and CEO. “As wireless dealers and operators face the end of long-term contracts and competition from players such as Apple and Amazon, we’re giving them powerful tools to drive revenue growth and build hyper-local relationships that make customers happier.”

“Statflo is a innovator and disrupter in the market for mobile dealer software,” said Ray Sharma, Executive Managing Partner with Extreme Venture Partners.

Craig Strong, Partner with Round13 Capital, agrees that “Statflo’s technology gives wireless dealers and carriers a more proactive, effective way to reduce churn and increase sales with their existing customers.”

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