Maple Leaf Angels (MLA) Members Invest in Montreal-based Waverly
Toronto, Canada – October 19, 2020 – Maple Leaf Angels is delighted to announce its members’ investment in Waverly, a Montreal-based deep-tech company pioneering the next category of AI – Empathetic AI. Waverly’s $1 million CAD pre-seed round of investment also saw participation from Hike Ventures, Real Ventures, Panache Ventures, and Innovitech.
Prathna Ramesh, Managing Director of MLA said, “From the very first meeting with the team, our members were quick to recognize the potential of Waverly. Waverly has a lofty vision of building a better social world by putting control back in the hands of the users. We believe that they have the right people engaged to build this out.”
The funding will be used towards patenting, building, and validating the initial product as well as growing an initial user base.
Waverly will reach out directly to users for the initial validation and will concurrently reach out to media groups and other partners interested in developing apps for the platform. Partner businesses will use Waverly’s Empathetic AI which will allow Waverly to develop a direct relationship with users.
Maple Leaf Angels enable high potential companies to grow, realize their potential, and offer excellent returns by bringing together investment, experience, and a network of partners. To date, our members have invested over $37 million in 74 companies across Canada. Our members have seen 15 collective exits within the MLA portfolio. We offer Curbside Mentoring events and weekly complimentary Office Hours to connect the brightest, most passionate entrepreneurs with our accredited investors in a streamlined process.
Waverly is a platform that moves past modern internet and social media to produce a personalized experience that is meaningful to and controlled by the user. Waverly uses Empathetic AI to create a healthier social world by observing user behavior, asking thoughtful questions, and capturing user aspirations in a written manifesto. Founded in 2020, Waverly is an app that will deliver users content with more depth and nuance than the click-based algorithms used by most advertising-based platforms. www.thewaverly.co