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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

IT World Canada
January 4, 2022

Looking into the future isn’t easy, but at this time of the year CISOs want to have at least an inkling of what’s coming. We’ve assembled a synopsis of the thinking of more than 40 cybersecurity-related companies to help provide a picture of what to expect, and it’s often not pretty. So brace yourself – it could be a rocky year.

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.