ProNav Technologies Ltd. recently secured a $5.6M financing round

InsurTech company, ProNavigator, has closed a CAD $5.6M financing round, co-led by Luge Capital, GreenSky Capital and MaRS IAF, with participation from iNovia Capital, BDC and CIBC Innovation Banking. Funding plans include the hire of key resources, expansion in U.S and Canada, as well as product line extensions.

The AI-based platform is used by some of the largest insurance organizations across North America to instantly, accurately and automatically save time, improve service and capitalize on revenue.

LaBarge Weinstein acted as counsel to GoFor Industries with a team that included Michael Sami and Zack Caverson.

Read more about the financing here.