Calgary’s Virtuo has secured a $3.5 million seed funding round led by ATB Private Equity and TELUS Ventures.
Virtuo is a homeownership concierge platform that connects and streamlines tasks associated with moving and beyond.
This new funding will fuel Virtuo’s expansion across Canada and into the U.S., enabling it to bring its customer experience to more homeowners and partners, including realtors, mortgage providers and builders.
“Virtuo organizes the home ecosystem with the homeowner at the center,” said Casey Kachur, co-founder and CEO of Virtuo, which operates in over a dozen North American cities, including Toronto.
“We created it for homeowners, but we deliver our service with partners — great builders, realtors, lenders and other companies — that also want to make the homeownership experience amazing, as it should be. This investment enables us to do just that, and because we’re capital efficient, we can make it go a long way to continue improving how we provide our first-class customer experience and empower homeowners through the moving process.”
With this latest round, Virtuo has now raised over $7 million. ATB Private Equity and TELUS Ventures will work with Virtuo’s existing shareholders to deliver the homeownership concierge app to more customers.
“With over 18 million customer connections, TELUS understands the desire for homeowners to have an outstanding experience when moving or maintaining their household,” said Terry Doyle, managing partner and vice president, TELUS Ventures.
“Our investment with Virtuo underscores the commitment of TELUS to make the future friendly for our Canadian customers and citizens around the world.”
Virtuo counts Brookfield Residential and Mattamy Homes among its partners and early this year announced that they had served 10,000 customers.