Opal Announces $1.5M Pre-Seed Investment to Build All-in-One Software for Ad-Agencies

Opal Announces $1.5M Pre-Seed Investment to Build All-in-One Software for Ad-Agencies

VANCOUVER, British Columbia -- Opal, a SaaS platform designed to automate back-office operations for agencies, today announced $1.5M in pre-seed funding. The round was led by Founders Co-op with support from Exit North Ventures. This investment will fuel the development of “Opal Spend,” an ad-spend platform built to seamlessly connect ad-spend with accounting, invoicing, and contract management.

Opal announces $1.5M to build “the operating system for ad agencies”

Vancouver-based Opal has announced $1.5 million USD in pre-seed funding to develop its expense management technology for advertising agencies. The FinTech startup is developing an all-in-one software-as-a-service platform called Opal Spend that is designed to replace the fragmented, horizontal tools typically used by ad agencies and automate their back-office operations.  “We built Opal to be a modern financial backbone for agencies.” Alex Stee…