# Coloursmith Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coloursmith-labs

- Industry: Healthcare Specialists
- Headquarters: Halifax, Canada
- Website: www.coloursmithlabs.ca
- Total disclosed funding: $1.6M
- Latest round: Seed (Jul 20, 2021)
- Investors on record: 4

## About

Coloursmith Labs Inc. is a Canadian company focused on delivering innovative digital color management solutions, enhancing color precision across various media for industries such as graphic design and manufacturing.Founded in 2018, Coloursmith Labs Inc. is based in Halifax, Canada, specializing in digital color management. The company was established by Gabrielle Masone, who also serves as CEO. Coloursmith Labs raised CAD 2 million in Seed funding on July 20, 2021, with participation from Brigus Capital, Island Capital Partners, Killick Capital, and Sandpiper Ventures. They have completed a total of 3 deals since inception.Coloursmith Labs specializes in developing advanced solutions for digital color management. Its flagship product uses sophisticated algorithms to ensure accurate color matching and consistency, addressing common color discrepancies faced in production. The company mainly serves graphic designers, printing companies, and product manufacturers across North America and Europe. In 2022, Coloursmith Labs launched its innovative offerings, emphasizing user-friendly interfaces and strong performance.Coloursmith Labs generates revenue through direct sales of its proprietary software and subscription plans designed for businesses. Their model involves B2B engagements where clients purchase licenses tailored to their needs. The company also provides premium support packages, combining one-time software license sales with ongoing subscription fees, fostering long-term client relationships.With the recent CAD 2 million Seed funding obtained in July 2021, Coloursmith Labs plans to enhance its product offerings and expand into new markets. They are designing additional software solutions aimed at improving user experience and aim to launch these products by the end of 2023. The company is also targeting expansion into European markets, specifically focusing on Germany and France by 2024, utilizing the funding to support these initiatives.

## Funding rounds

- Seed, Jul 20, 2021, $1.6M — Killick Capital, Island Capital Partners, Brigus Capital, Sandpiper Ventures

## Investors

- Killick Capital (https://capitalatlas.ai/funds/killick-capital) — Seed
- Island Capital Partners (https://capitalatlas.ai/funds/island-capital-partners) — Seed
- Brigus Capital — Seed
- Sandpiper Ventures (https://capitalatlas.ai/funds/sandpiper-ventures) — Seed