Flojoy Raises $1.7 Million CAD in Seed Round

by Kay Aloha Villamor in September 1st, 2023

Flojoy, a Montreal, Canada-based startup focused on developing no-code software that enables industrial companies to automate their testing processes, raised $1.7 million CAD ($1.3M USD) in seed funding.

SaaS Investors

The investment was from Flybridge Capital Partners, Boreal Ventures, and BDC Capital.

Flybridge Capital Partners is a seed-stage venture capital firm based in Boston and New York City investing in entrepreneurs across a range of sectors who share our vision for leveraging the power of community.

Founded in 2021, Boreal Ventures is a venture capital firm based in Montreal, Canada. The firm seeks to invest in companies operating in medtech, health tech, artificial intelligence, semiconductors, deep technology, cleantech, water tech, industry 4.0, the internet of things, and connected objects.

BDC Capital is a growth/expansion firm, founded in 1953 and based in Montreal, Canada. The firm seeks to invest in companies operating in the information technology, technology, energy, cleantech, and healthcare sectors across Canada.

Flojoy Use of Funds

This funding will be used to hire more engineers as the company continues to build out its platform.

About Flojoy

Founded in 2023 by Jack Parmer, Flojoy is a no-code platform for Python-based test, measurement, and control. Flojoy’s mission is to modernize test, measurement, and control (TMC) processes for heavy industries through the use of artificial intelligence (AI) and no-code, Python-based software. It calls its visual programming platform, Flojoy Studio, a drop-in replacement for engineering software such as LabVIEW, Simulink, RapidMiner, and Alteryx.

Funding Details

Company: Flojoy, Inc.

Raised: $1.7M CAD

Round: Seed Round                                            

Funding Month: August 2023 

Lead Investors: Flybridge Capital Partners, Boreal Ventures, and BDC Capital

Additional Investors:

Company Website: https://www.flojoy.ai/ 

Software Category: Visual Programming

Source: https://betakit.com/flojoy-raises-1-7-million-to-apply-ai-to-instrumentation-testing-for-heavy-industries/


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