Canadian cybersecurity company Cavelo, which offers attack surface management tools for MSPs and MSSPs, has secured a C$5m seed extension round.
The investment was led by Inovia Capital. Existing investors in Cavelo include Graphite Ventures, MaRS Investment Accelerator Fund, and strategic angel investors.
Cavelo’s platform helps service providers identify sensitive data, manage access, and reduce risk through vulnerability insights. The company focuses on enabling partners to deliver measurable cybersecurity improvements to their end clients.
The fresh capital will go towards product development and scaling sales and marketing to meet growing demand, especially following its pivot to a channel-first approach.
Cavelo CEO James Mignacca said, “Cavelo’s growth over the past year has been nothing short of incredible, driven by our strategic pivot to a 100% channel-first model. We’re meeting the moment for MSPs and MSSPs who are hungry for new ways to deliver meaningful risk reduction to their customers.
“Our platform is redefining data security posture management—giving service providers the visibility they need to understand and act on their customers’ risk exposure, while empowering end customers with real, measurable improvements to their security posture. This funding fuels our continued momentum and strengthens our commitment to our partners and their success
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