Funding record · 2025 / 07
Cavelo raises $3.63M Seed for data protection
Announced 29 July 2025 · Recorded 8 September 2026 · Last verified 8 September 2026
Cavelo, a data protection company based in Kitchener, Canada, raised $3.63M in a Seed announced on 29 July 2025, led by Inovia Capital, Graphite Ventures and MaRS Investment Accelerator Fund. Its disclosed equity funding is now $9.98M across 3 rounds.
- Amount
- $3.63M
- Round
- Seed
- Announced
- 29 July 2025
- Lead investors
- Inovia Capital, Graphite Ventures, MaRS Investment Accelerator Fund
- Sources on record
- 1betakit.com
From the source
Cybersecurity startup Cavelo secures $5-million seed extension round led by Inovia Capital
Cavelo, a Kitchener-Waterloo-based cybersecurity startup, closed a $5-million seed extension round led by Inovia Capital. The funding will support sales, marketing, and product development, including new capabilities in automated remediation and AI-powered threat detection. The company has secured 50 new customers since its 2023 seed round and is targeting a Series A within two years.
betakit.com · 29 July 2025 ↗The Mandos read
What the record says about Cavelo
- Momentum 35 / 100 · Coolinglocked →
pillars in the platform
- 25 employeeslocked →
history and breakdowns in the platform
- Exit Readiness: Lowlocked →
Tested against 751 past exits in the Mandos record: 43% sat in Watch or Elevated 2 years before. Companies in Elevated exited at 3.1× the record's rate.
Funding history
Cavelo funding on record
Cavelo has raised $9.98M in priced equity. Its most recent round was a Seed in July 2025.
Latest round on record: Seed, Jul 2025.
Cavelo funding on the profile →Related rounds
Other verified cybersecurity rounds
Also in Jul 2025
Most recent five, same month
In the platform
The round is the fact. The read is the product.
Every round, investor and correction for Cavelo, the competitors buyers weigh it against, hiring by department, and an alert when the next thing happens.
The same record answers in Claude, ChatGPT and Cursor through the Mandos MCP server.
The Mandos Brief
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FAQ
Questions people ask
- How much did Cavelo raise in its Seed?
- Cavelo raised $3.63M in a Seed announced on 29 July 2025.
- Who invested in Cavelo's Seed?
- The round was led by Inovia Capital, Graphite Ventures, MaRS Investment Accelerator Fund.
- What does Cavelo do?
- Cavelo is a cybersecurity company specializing in Data Protection, founded in 2021 and headquartered in Kitchener, Canada.
