The Collision Conference returned to its first in-person event in two years this week, taking over Toronto’s Enercare Centre.
It’s the largest international gathering of its kind in Canada since prior to the COVID-19 Pandemic, and the perfect backdrop for Impro.ai’s latest announcement.
The Vancouver-based startup revealed at Collision that it has raised seed funding north of $2 million.
The announcement was made by Josh Blair, who founded the company alongside Maya Liberman and Opher Brayer in 2020. You may know Blair from Telus, where it was once expected he would succeed CEO Darren Entwistle.
The executive-turned-entrepeneur and his cofounders said the round was led by venture capital firms including Panache Ventures, Good New Ventures, and EEI. Several angel investiors also participated, including the CEO of Klue, Jason Smith.
The purpose of Impro.ai is “to empower your employees at every level of your organization to build powerful new habits designed to equip them with all the tools they need to learn, grow, and unlock their full potential,” according to the startup’s website. The BC company uses “game-changing, AI-augmented performance coaching” to create clarity and drive growth.
Blair said that raising capital in this “challenging fundraising environment” serves as a testament to the startup’s commercial traction—”as well as our compelling vision for the future,” he added.
His team plans to use the funds for global expansion and more research and development, Blair noted.
Patrick Lor, managing partner at Panache Ventures, believes Impro’s product is the real deal.
“We have been very impressed by the level of professional and personal growth that managers and employees experience through the Impro platform,” he said.
According to Lor, users see “rapid improvements via just a few minutes of daily interaction with Impro,” and companies benefit from increased overall team engagement and performance.