Propulso, a Magog, Canada-based company that specializes in ethical data optimization, secured CAD 2.6 million in funding.
Investors
The round was backed by Investissement Québec, Anges Québec, and AQC Capital.
Propulso Use of Funds
The company will use the funding to expand its workforce and enhance its research and development capabilities, preparing it for both domestic growth and international expansion, including entry into the American market by 2025.
About Propulso
Founded in 2017, Propulso is a provider of cloud-based geo-marketing and location-based ad targeting platforms intended for the advertising field. The company's platform offers self-service tools that help advertisers target users based and GPS and geolocations for delivering personalizing social advertisements. Its platform is used by agencies, companies, and organizations from a variety of backgrounds, from market research to marketing campaigns to predicting trends with artificial intelligence.
Funding Details
Company: Propulso
Raised: CAD 2.6M
Round: Unknown
Funding Month: June 2024
Investors: Investissement Québec, Anges Québec, AQC Capital
Company Website: https://propulso.io/
Software Category: Geo-Marketing and Location
Source: https://propulso.io/en/blog/propulso-completes-a-significant-funding-round/