myComply, the Saskatoon-based construction software and IoT technology firm, announced on Apr. 6 that the company has closed its seed round investment at $4.5 million USD. The round consists of $1.5 million USD in non-dilutive government grants/investment and $3 million USD from private investors related to the industry.
The funds will be used to support the company’s go-to-market plans and assist product rollouts to large builders, as well as expansion of the myComply team.
“Closing the books on our seed round allows us to plan as we gear up for a Series A round. We have been fortunate to have had a lot of support from both the provincial and federal government, as well as local investors here in Saskatchewan. Seed investment in myComply has allowed our team to grow, continue to learn, and build confidence in our path forward,” said Mark Wolff, CEO & co-founder at myComply.
Founded in 2015, myComply is a technology platform designed to support construction site compliance and provide workforce data.