Loft1 secures angel financing

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By Ted Liu

Loft1 Inc. has closed an angel round of financing, raising $[mepr-active rule=”374″ ifallowed=”hide”]Subscriber ONLY content: read our research and get insight on this and other deals. We offer monthly or yearly recurring or one-time trial subscriptions. Subscribe today and see what you have been missing! [/mepr-active][mepr-active rule=”374″]290,000 from five New Brunswick and one Ontario investors. The financing closed in two tranches closed in July and November, consisting of the issuances of Class A shares/units and secured convertible debentures. Cox & Palmer acts as Loft1’s legal counsel. [/mepr-active].

Founded in 2014, Fredericton, New Brunswick based Loft1 develops software and mobile app that transforms any ordinary whiteboard and marker into a completely digitized set of editable, searchable notes. Loft1’s innovative software allows businesses and students to start and share whiteboard sessions in seconds – without the need for a special display or stylus.

photo credit: Loft1