The people
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Working at Owl
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On the TechTO stage
Understand Your Customer | Vahid Mirjalili, Co-Founder & COO of Owl
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2021 Canadian Rocketship Companies - owl.co
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Owl.co, Wrapbook, Bolt, Threekit, Gradient Spaces - November 11, 2021
Watch on YouTube ↗Every talk is searchable — ask the archive about Owl ↗
About
Owl (owl.co) built encrypted data collection for regulated industries: instead of customers emailing documents or filling PDFs, banks and insurers request what they need through a channel where the data stays encrypted end to end. It started in Vancouver and opened a Toronto office. Co-founder and COO Vahid Mirjalili presented at TechTO's FintechTO in July 2019 on why understanding a customer's actual pain decides whether anything sells. In November 2021 the company announced a US$30-million Series B led by Cota Capital, bringing total funding to US$40 million, and said its claims-monitoring technology finds five times more fraudulent cases than competing tools. Mirjalili returned to the TechTO stage that August for the 2021 Canadian Rocketships series, and owl.co was covered again in TechTO's November 2021 company round-up.
Backers
The US$30M Series B (November 2021) was led by Cota Capital, with Sorenson Ventures, FUSE, Impression Ventures, Luge Capital and Plug and Play Ventures participating; Impression Ventures and Luge Capital were also in the 2019 seed.
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Quick answers
What does Owl do?
It provides an end-to-end encrypted platform for banks and insurance companies to collect customer data for processes like onboarding, underwriting and claims.
Who founded Owl?
Sean Merat, Sohrab Merat and Vahid Mirjalili, in 2018. Mirjalili was chief operating officer and has since founded Evolo.
Where is Owl based?
It began operating in Vancouver and opened a Toronto office; Mirjalili spoke from Toronto at FintechTO in July 2019.
How much has Owl raised?
US$40 million in total as of its November 2021 Series B, which was US$30 million led by Cota Capital, following a $2.6-million CAD round announced in 2019.