Cyder raised CAD $1.5M in a pre-seed funding round led by MaRS Investment Accelerator Fund to grow and scale its loyalty platform for credit unions.
Amount Raised
C$1.5 Million
Round Type
Pre-Seed
TorontoFinancial ServicesFintechInvestors
Description
Cyder, a Toronto-based loyalty platform, has successfully raised CAD $1.5M in pre-seed funding. The funding will be used to expand Cyder’s loyalty solutions tailored for credit unions and local businesses.
Quick answer
Cyder raised C$1.5 Million in a Pre-Seed round, dated December 12, 2024. Investors: MaRS Investment Accelerator Fund, Desjardins, Aperture Group and Arlene Dickinson. Cyder is based in Toronto, Ontario, Canada.
- How much did Cyder raise?
- Cyder raised C$1.5 Million in a Pre-Seed round on December 12, 2024.
- Who invested in Cyder?
- MaRS Investment Accelerator Fund, Desjardins, Aperture Group and Arlene Dickinson are named as investors in this round.
- What does Cyder do?
- Cyder is a Toronto-based loyalty platform designed specifically for credit unions, enabling them to create and manage reward programs.
- Where is Cyder based and how big is it?
- Cyder is based in Toronto, Ontario, Canada.
- Who are the decision-makers at Cyder?
- Fundz holds 1 contact at Cyder. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Fintech around the same time
Companies in the same sectors as Cyder that raised within 45 days of this round, from Fundz verified event records.
- SignalPlus raised $11M (Series B) on January 24, 2025.
- Breez raised $5M (Funding Round) on January 24, 2025.
- Method Financial raised $42M (Series B) on January 23, 2025.
- Sevi raised an undisclosed amount (Funding Round) on January 23, 2025.
- Open Payments raised $3.1M (Seed) on January 23, 2025.
- Weecover raised $4.4M (Seed) on January 23, 2025.
Who to call at Cyder, and when
A new round usually means Cyder is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Cyder raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Cyder, from your own LinkedIn network
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Fundz sees it the moment Cyder raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Cyder raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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