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Data Discovery and Cybersecurity Start-up Cavelo Inc. Announces $1.3M CAD Pre-Seed Funding Round

February 4, 2021
Cavelo Inc. today announced a $1.3M CAD angel round investment from angel investors including MaRS Investment Accelerator.

Coverage

While Cavelo’s CEO James Mignacca would not disclose the angel investors, he told BetaKit the angels that participated in this round also participated in his last company RootSecure, which exited via an acquisition in 2018. He noted that Mark Morin, CEO and founder of Auvik Networks, a known angel investor, joined Cavelo’s board following the funding.

Waterloo Region’s burgeoning cybersecurity cluster continues to grow with the launch of a new startup, Cavelo Inc., led by local veterans in the field.