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/