Cavelo announces $5 million venture capital financing

1 minute read
08 November 2023

On November 8, 2023, Cavelo Inc. announced that it had secured $5 million in venture capital financing led by Inovia Capital, with participation from existing investors including Graphite Ventures. 

Cavelo, headquartered in Kitchener, Ontario, helps businesses achieve attack surface management with automated data discovery, classification and reporting. Its cloud compatible cyber asset attack surface management (CAASM) platform continuously scans, identifies, classifies and reports on sensitive data across the organization, simplifying compliance reporting, vulnerability management and risk remediation. 
Gowling WLG advised Cavelo with respect to this financing with a team that included Duncan Snyder (corporate) and Christopher Andree (employment), assisted by corporate law clerk John Bedard and student-at-law Upama Poudyal.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.