Source: Douglas Magazine
Canadian start-up DivDot – winner of a Douglas 10 To Watch Award for 2020 – received a major boost for its operation last week. Despite an overall decline in venture capital investment and a challenging pandemic-affected economy, DivDot not only closed their second pre-seed funding round but oversubscribed it to a total of $500,000 — co-led by Sprout Fund, WUTIF Capital, E-Fund, Hello Ventures and Local Angels.
“This investment enables us to solidify the progress we’ve made so far and properly handle the level of growth we have experienced over the last months. We are looking forward to expanding our team which will help us to accelerate product development and increase our marketing and sales operations,” says DivDot co-founder and CEO Matthew Smith.