Insurance Technology Startup Finaeo Secures $2.3 Million

Finaeo announced the completion of $2.3 million in seed financing. Impression Ventures led the round, with participation from 500 Startups, iGan Partners, and RoboVentures.

Finaeo is a Canadian insurance technology platform built for financial advisors, with a particular focus on group benefits and individual voluntary insurance. Finaeo helps advisors in these verticals automate their back-office administration by providing a digital assistant powered by a custom-built CRM engine.

The company revealed that the funds will be deployed to bring on the engineering talent required to continue development of its core platform and marketplace.