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Point Laz raised $1.2 million in a pre-seed round led by i4 Capital Fund and Quebec City to develop mine shaft scanning device

Jul 10, 2024•about 1 year ago

Amount Raised

$1.2 Million

Round Type

seed

QuebecMining

Investors

Québec CityI4 Capital Fund

Description

Québec City-based Point Laz has secured a $1.2-million CAD pre-seed round to support the production of its mine shaft scanning device. The funding will allow the company to take the next steps in its growth and to produce and export its scanners globally.

Company Information

Company

Point Laz

Location

Quebec, Quebec, Canada

About

Founded in 2020, Point Laz integrates ongoing monitoring technologies at underground mining sites to improve operations and ensure the safety of miners. Point Laz is revolutionizing mining safety and performance standards in the industry, paving the way for automated mine shaft inspections, performance analysis and miner safety to support people, businesses and their environment.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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