Flare Network Raises $11.3 Million in Series A

by Kay Aloha Villamor in June 13th, 2022

Flare, a Montreal, Canada-based provider of digital footprint monitoring solutions, raised CAD$9.5 million in Series A funding.

The round was led by Inovia Capital with participation from White Star Capital and Luge Capital.

The company intends to use the funds for the expansion of operations and the business reach across the U.S. market.

Company: Flare Systems, Inc.

Raised: $11.3M

Round: Series A

Funding Month: June 2022

Lead Investors: Inovia Capital

Additional Investors: White Star Capital and Luge Capital

Company Website: https://flare.systems/

Software Category: Digital Footprint Monitoring Software

About the Company:  Led by CEO Norman Menz and CTO Mathieu Lavoie, Flare provides a digital footprint monitoring software platform that enables organizations to proactively monitor the dark and clear web for data leaks, credential theft, and cybercrime. The SaaS platform enables cyber risk monitoring across billions of data points and is used by companies around the world to identify external risks, understand their attack surface, and cut down incident response from weeks to minutes.

Source: https://www.finsmes.com/2022/06/flare-raises-cad9-5m-in-series-a-funding.html




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