The round was led by Real Ventures, with participation from Flybridge Capital.
The company intends to use the funds to expand its team of data scientists and developers.
Led by Dawson Whitfield, CEO and co-founder, and Rares Crisan, co-founder and CTO, Logojoy provides an AI-powered design platform that gives entrepreneurs with a way to create professional-quality logos.
The company, which raised $900k CAD in seed funding in 2017 from a group of angel investors, has sold more than 100,000 logos to customers in 188 countries through its platform and aims to expand to other areas of small business design using its proprietary machine learning and deep learning models applied to various aspects of design.
Logojoy plans to expand its team from 29 to 50 employees by the end of 2019.
FinSMEs
15/11/2018