System-3, a Toronto, Canada-based startup that empowers companies to objectively identify and evaluate current and emerging talent, raised CAD$3.6M in Seed funding.
The round was led by Round13Capital with participation from angel investors.
The company intends to use the funds to enhance its predictive simulation software, continue to grow and expand into global markets, by building out its partner channel and growing its sales and marketing team.
Led by Elan Pratzer, CEO and founder, System-3 provides predictive a leadership simulation solution that uses algorithms and models that reduce bias and support objective decision-making so companies can effectively evaluate if candidates have the core competencies required for executive leadership while under pressure. The company enables companies to identify a larger, more diverse pipeline from which to select high performance leadership talent.
Since launching its solution in May 2022, System-3 has built a client roster of enterprise companies and consulting firms that are using its predictive technology to evaluate team effectiveness and inform decisions for succession planning, talent selection, and talent development.