# Statflo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/statflo

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.statflo.com
- Total disclosed funding: $14M
- Latest round: Series A (Jun 11, 2018)
- Investors on record: 10

## About

Statflo Inc. specializes in providing a compliant business texting platform that enhances customer engagement through personalized communication tailored for various industries.Founded in 2012 by Kevin Gervais, Statflo Inc. is headquartered in Toronto, Canada. The company offers a platform that streamlines customer engagement through messaging solutions. Statflo has completed five deals, with its most recent funding round being a Series A in November 2020, which raised USD 12.00 mn from investors including Elsewhere Partners and Globalive Capital. The CEO is Kevin Gervais.Statflo provides a compliant business texting platform designed to enhance customer engagement through personalized communication. Their core product offerings include features such as Bulk Messaging, Chat Starter templates, and Welcome Page Widgets, which empower businesses to send timely, relevant messages to their customers. The platform is tailored for various industries, including telecommunications, financial services, and insurance, helping businesses streamline client communication, reduce customer churn, and improve overall engagement. Statflo's customer base consists of over 150 premier enterprise clients, alongside 15,000 active monthly users who collectively engage in approximately three million customer interactions each month. The company's solutions are marketed primarily in North America, serving a diverse range of sectors that require secure and compliant communication strategies.Statflo operates on a subscription-based revenue model, where clients pay for access to their suite of messaging tools and features. This model facilitates ongoing relationships with enterprise clients, who utilize Statflo’s platform to streamline their customer engagement processes. The transactions typically involve annual or monthly subscription fees, with options for various pricing tiers that cater to the scale and specific needs of the business. Clients benefit from the platform's intelligent filtering and analytics capabilities, ensuring compliance with legal requirements while optimizing communication effectiveness. Statflo focuses on maximizing ROI for its users, particularly in sectors such as telecommunications and financial services, where the need for secure and compliant messaging is paramount.Statflo aims to enhance its product offerings by designing new messaging features set to launch in 2021. The company is also planning to expand into additional markets across North America, focusing on the financial services and telecommunications sectors. The recent funding of USD 12.00 mn raised in November 2020 will be utilized to support these initiatives, allowing the company to invest in product development and market expansion efforts.

## Funding rounds

- Series A, Jun 11, 2018, $12M — Round13 Capital, Globalive Capital, Generation Ventures, Elsewhere Partners
- Seed, Feb 10, 2016, $2.4M — Garage Technology Ventures, Extreme Venture Partners, Round13 Capital, Rising Tide, MaRS Investment Accelerator Fund, Globalive Capital, Hedgewood, TIO Networks Corp
- Seed, Sep 11, 2015 — Garage Technology Ventures, Extreme Venture Partners, MaRS Investment Accelerator Fund

## Investors

- Garage Technology Ventures (https://capitalatlas.ai/funds/garage-technology-ventures) — Seed
- Extreme Venture Partners (https://capitalatlas.ai/funds/extreme-venture-partners) — Seed
- MaRS Investment Accelerator Fund (https://capitalatlas.ai/funds/mars-investment-accelerator-fund) — Seed
- Round13 Capital (https://capitalatlas.ai/funds/round13-capital) — Seed, Series A
- Rising Tide — Seed
- Globalive Capital (https://capitalatlas.ai/funds/globalive-capital) — Seed, Series A
- Hedgewood — Seed
- TIO Networks Corp — Seed
- Generation Ventures — Series A
- Elsewhere Partners (https://capitalatlas.ai/funds/elsewhere-partners) — Series A