Toronto, ON – January 22, 2018
GreenSky Capital Inc. is pleased to announce that its affiliated venture fund, the GreenSky Accelerator Fund II, has made a $400,000 lead investment as part of a seed round in ProNav Technologies Ltd. (“ProNavigator”). ProNavigator expects to raise up to an additional $350,000 in further financing from investors associated with the GreenSky President’s Club, an affiliated angel group.
ProNavigator has built an AI-powered chatbot specifically for the insurance industry. In today’s digital world, where most consumers are mobile and spend the bulk of their time in messaging apps, chatbots provide a self-service conversational interface that not only provide fast and accurate responses, but also provide an opportunity to drive sales and save on additional support costs.
ProNavigator’s current product helps insurance companies and insurance brokers capture, qualify and connect with leads in real-time. This platform replaces a live person at a fraction of the cost and can handle the majority of typical interactions to their conclusion. The funds raised will be used for business development and product expansion.
Joseph D’Souza, ProNavigator’s CEO, said: “We are thrilled to have added GreenSky to our investment group. Their experience building businesses in both technology and insurance will be of substantial value as we scale our company.”
Greg Stewart, Principal at GreenSky Capital added: “Joseph and his team have created a best-in-class technology and signed key accounts very early in the company’s life cycle. We believe this is an underappreciated market with explosive growth potential.”
Early-stage Canadian technology companies interested in working with Fund II are invited to learn more about, and apply to, the GreenSky Accelerator Funds at: firstname.lastname@example.org or by visiting the website at https://www.greenskycapital.com/greensky-accelerator-fund/apply-to-the-fund/.
About GreenSky Capital Inc.
GreenSky Capital Inc. is an award-winning Toronto-based firm that provides merchant bank and corporate financial advisory services to small and medium sized technology firms. GreenSky Capital makes investments in early-stage Canadian technology companies through its affiliated venture capital funds, GreenSky Accelerator Fund I, LP and GreenSky Accelerator Fund II, LP. GreenSky principals bring a unique combination of experience in technology, law and finance to high-growth potential companies and dedicated entrepreneurs. See https://www.greenskycapital.com.
ProNavigator provides a leading conversational AI platform built for the insurance industry. From getting quotes to asking questions, insurance is as easy as chatting – whether it’s through SMS, Facebook Messenger or Website Chat. Leveraging cutting edge AI technology, ProNavigator’s enterprise grade platform will enable insurance companies to engage with their customers 24/7, creating a better online purchasing experience and enabling enormous cost savings. See https://pronavigator.ca/.
About the GreenSky Accelerator Fund:
The GreenSky Accelerator Fund is a venture capital fund focused on making seed stage investments in high-growth, early-stage Canadian CleanTech and IT opportunities. Through its affiliation with GreenSky Capital Inc., the GreenSky Accelerator Fund has access to a robust network of deal flow and takes an institutional approach to early stage investing. For more information, see: www.greenskycapital.com/greensky-accelerator-fund/