Tech Company Financing Transactions

Penny AI Funding Round

Penny AI, based in Squamish BC, secured $27 million from PSG, Acronym Venture Capital and ScaleUP Ventures.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series B
Proceeds Purpose
The company intends to use the funds to accelerate the platform's expansion into areas that are underserved by existing sales enablement technologies, yet are critical for sellers' business growth and quality of life, through: Engagement Based Micro-Learning -- A learning platform built for how adults actually learn, combining curriculum with science-backed learning design to enable learning in the flow of work to upskill sellers. Insights and Data Visualization -- Actionable insights and data visualization for sellers and corporate teams to understand their business at a glance and drive the next best action. Social Commerce -- Closing the gap between customer discovery and instant transactions across social channels to track sales data and attribution in a single platform.

Company Information

Company Status
Private & Independent
Mailing Address
PO Box 1851
Squamish BC, V8B 0B3
Email Address
To fully understand the power of Penny, we need to go back to the beginning, to long before the idea of Penny ever came to be. But if you want the highlight reel.
Penny AI LinkedIn Company Profile
Social Media
Penny AI Company Twitter Account
Company News
Penny AI News
Penny AI on Facebook
Penny AI on YouTube

Management Team

Email & Social
Chief Executive Officer
David Abbey
  David Abbey LinkedIn Profile  David Abbey Twitter Account  David Abbey News  David Abbey on Facebook
Chief Financial Officer
Joerg Joergensen
  Joerg Joergensen LinkedIn Profile  Joerg Joergensen Twitter Account  Joerg Joergensen News  Joerg Joergensen on Facebook
Chief Marketing Officer
Maria Osipova
  Maria Osipova LinkedIn Profile  Maria Osipova Twitter Account  Maria Osipova News  Maria Osipova on Facebook
Chief Operating Officer
Matt Fraser
  Matt Fraser LinkedIn Profile  Matt Fraser Twitter Account  Matt Fraser News  Matt Fraser on Facebook
Chief Technical Officer
Chris Noble
  Chris Noble LinkedIn Profile  Chris Noble Twitter Account  Chris Noble News  Chris Noble on Facebook
Vice President
Lauren Carris
  Lauren Carris LinkedIn Profile  Lauren Carris Twitter Account  Lauren Carris News  Lauren Carris on Facebook
VP - Bus. Development
Mark Hughes
  Mark Hughes LinkedIn Profile  Mark Hughes Twitter Account  Mark Hughes News  Mark Hughes on Facebook
VP - Customer Service
Elsa D'Andrea
  Elsa D'Andrea LinkedIn Profile  Elsa D'Andrea Twitter Account  Elsa D'Andrea News  Elsa D'Andrea on Facebook
VP - Engineering
Jane Creed
  Jane Creed LinkedIn Profile  Jane Creed Twitter Account  Jane Creed News  Jane Creed on Facebook
VP - Product Management
Andrew Draper
  Andrew Draper LinkedIn Profile  Andrew Draper Twitter Account  Andrew Draper News  Andrew Draper on Facebook
VP - Sales
Ryan Arnett
  Ryan Arnett LinkedIn Profile  Ryan Arnett Twitter Account  Ryan Arnett News  Ryan Arnett on Facebook
VP - Sales
Matt Trotter
  Matt Trotter LinkedIn Profile  Matt Trotter Twitter Account  Matt Trotter News  Matt Trotter on Facebook



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