Kognitiv closes new financing

Photo of author

By Ted Liu

Kognitiv Corporation, a Waterloo, Ontario based operator of a collaborative commerce network that connects consumer brands with travel suppliers, has raised $[mepr-active rule=”374″ ifallowed=”hide”]##Subscribe today to see our research on this and all other subscriber ONLY items##[/mepr-active][mepr-active rule=”374″]930,000 from Ontario, BC and Hong Kong investors. [/mepr-active]

Blake, Cassels & Graydon LLP acted as legal counsel to Kognitiv Corporation.

Formerly known as Demeure Operating Company Ltd., Kognitiv is backed by family offices and angel investors. Kognitiv raised $[mepr-active rule=”374″ ifallowed=”hide”]##Subscribe today to see our research on this and all other subscriber ONLY items##[/mepr-active][mepr-active rule=”374″]15 million in 2016 from same sources.[/mepr-active]

Kognitiv is led by founder and Executive Chairman, Peter Schwartz, founder of Laurence Capital and formerly Chairman and CEO of Descartes Systems Group.

Kognitiv Corporation operates a collaborative travel commerce network which enables lifestyle consumer brands to engage more deeply with customers through exciting and relevant travel experiences in a parallel secure market where buyers, sellers and value added intermediaries can make profitable trades with confidence, and where they understand the value between them.

The Kognitiv network uses machine learning and distributed applications to analyze secure and private consumer behavior data and identify profitable opportunities for brands and travel partners to collaborate. This builds lasting brand relationships with consumers who enjoy some of the best travel experiences in the world.

photo credit: FirmBee via pixabay