Minutebook, a Vancouver, Canada-based company building legal, financial, and people technology platform, has announced that it has raised an oversubscribed $3.5 million seed round.
The funding comes from leading venture capitalists, partners at Canada's top law firms, exited founders, and private equity investors. Notable investors include Clio Co-founder Rian Gauvreau, Nimbus Synergies CEO Paul Geyer, Nimbus Synergies Co-Founder & Partner Jason Robertson, and Red Thread Ventures.
With the new funding, Minutebook plans to execute its go-to-market strategy and expand its customer base, which already includes pharmaceutical companies, private equity investment firms, and companies of various sizes. The company will focus on hiring top talent in sales, customer success, product management, and engineering to enhance the onboarding and product experience for its customers.
Minutebook aims to eliminate the manual, error-prone transfer of ownership data between various information systems by providing a comprehensive platform for equity ownership, corporate records, and legal agreements.
The platform's goal is to automate low-value transactional tasks and free up legal professionals to focus on providing high-value legal expertise.
The company said it raised this seed round using its technology, automating several processes involved. These included the compilation of subscription information into documents provided by the startup’s law firm and automating funding from its investors’ bank accounts.
Company: Minutebook Technologies Corporation
Round: Seed Round
Funding Month: June 2023
Additional Investors: Rian Gauvreau, Paul Geyer, Jason Robertson, and Red Thread Ventures
Company Website: https://minutebook.com/
Software Category: Equity Management
About the Company: Led by CEO and Founder Ryan Wilson, Minutebook Technologies is a digital platform that streamlines equity ownership, corporate records, and legal agreements. Minutebook building the first-of-its-kind legal, financial, and people technology platform to eliminate the manual, human-powered, and error-prone movement of ownership data between many siloed information systems. The company’s mission is to equip legal professionals, their clients, and their client’s stakeholders with a world-class digital collaboration and automation platform for equity ownership, corporate records, and legal agreements.