Today Toronto-based Canopy Labs announced that it has secured $1.5 million in a seed funding round led by BDC IT Ventures Fund, Peter Thiel’s Valar Ventures and startup accelerator Y Combinator. The Y Combinator-incubated startup aims to help businesses increase sales and revenue by identifying and targeting high-value customers. The customer modeling and analytics company has already attracted major clients including the Toronto Argonauts, WagJag, and the Canadian Opera Company, and plans to use the funding to hire, build out its product, and work towards an official release of its toolset for mid-sized businesses.

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