Locorum raises $1.2 million to help local service businesses grow through referrals

by TechAlliance
June 15, 2023

Locorum, a marketing tech company based in London, Ont., has raised $1.2 million CAD in pre-seed funding as it looks to enter the United States (US) market.

Investors in the round include JNF Group, the Ontario Centre of Innovation, Outway CEO Rob Fraser, and Andrew Young, a mortgage broker at Axiom Mortgage Solutions. Locorum said 42 percent of the funds raised came from businesses and investors already using its platform.

Founded by Matt Santagapita and Carlon Farina in 2019,…(Read more)

Originally published on Betakit
Written by Charlize Alcaraz
Published on May 25, 2023

Original Article on TechAlliance

TechAlliance
https://techalliance.ca
We are the place for dreamers, innovators, and world-changing ideas. We create an entrepreneurial culture, launch new startups, and accelerate growth for established tech companies, while attracting the next generation of tech talent and innovative entrepreneurs. We connect people and empower talent in Southwestern Ontario. We engineer, level up, catalyze, discover and accelerate our region’s innovation economy.