Mercator Al’s $1 Million Seed Financing Round

Osler, Hoskin & Harcourt LLP advised Mercator AI on the round.

On June 27, 2022, Mercator AI announced it had completed its $1 million pre-seed financing round led by Standup Ventures with participation from The51.

With this financing, Mercator will be able to expand its team as well as into key markets across Canada and in the United States.

Mercator AI is a real-time construction intelligence start-up that uses AI to mine and analyze millions of data points across the construction process to identify indicators that signal early project development.

The Osler team comprised of Michael Grantmyre (Picture), Jacob Young and Patrick Musgrave (Emerging and High Growth Companies).

 

 

Involved fees earner: Michael Grantmyre – Osler Hoskin & Harcourt; Patrick Musgrave – Osler Hoskin & Harcourt; Jacob Young – Osler Hoskin & Harcourt;

Law Firms: Osler Hoskin & Harcourt;

Clients: Mercator AI;

Sonia Carcano

Author: Sonia Carcano