Monark, a Calgary, Canada-based SaaS platform focusing on on-demand leadership development, secured $1.5 million in a seed financing round. 

SaaS Investors

The round was led by Storytime Capital, with participation from The51, Archangel, and UCeed.

Storytime Capital is a venture capital firm focused on early-stage (Pre-Seed & Seed) investments. The firm seeks to invest in companies based in Canada, the United States, and Australia operating in the direct-to-consumer, software-as-a-service, technology, and hardware sectors. Founded in 2022, and is based in Toronto, Canada.

Monark Use of Funds

The fresh funding will be used for strategic marketing efforts, product development, including AI/ML integrations and gamification features, and expansion into the US market.

About Monark

Founded in 2020 by Kelsey Hahn, MSc, and Amanda Julian, PhD, Monark is an interactive, data-driven platform automating the science of leadership development and performance for new and emerging leaders. Monark leverages cutting-edge leadership research and incorporates generative AI and ML-powered personalization to offer interactive leadership training and individual performance optimization.

Funding Details

Company: Monark

Raised: $1.5M

Round: Seed Round

Funding Month: September 2023

Lead Investors: Storytime Capital

Additional Investors: The51, Archangel, and UCeed

Company Website: https://www.leadwithmonark.com/ 

Software Category: Leadership Development

Source: https://www.businesswire.com/news/home/20230919150133/en/