# PageCloud funding: rounds and investors

> PageCloud has raised $4.3M across 3 rounds since 2014. Investors include Export Development Canada, MaRS Investment Accelerator Fund and Accomplice.

Source: https://millionrounds.com/company/pagecloud (Millionrounds; every figure on the page links to its filing or article)

Canada · [Venture startup](https://millionrounds.com/companies)

# Who invested in *PageCloud*

3 rounds we have observed, with the 14 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Martech

Funding summary Updated 26 Oct 2026

**$4.3M** raised across 3 rounds since 2014, from 3 sources

**$1.0M** Seed **$1.2M** Seed **$2.1M** Venture

- **Latest round:** Venture, $2.1M Sept 2019
- **Step-up i:** 1.8×
- **Investors:** 14

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2015 2016 2017 2018 2019

**$1.0M** Seed

**$1.2M** Seed

**$2.1M** Venture

- **First round:** Seed, $1.0M
- **Biggest round:** $2.1M
- **Usual gap between rounds:** 4.5 years

## The rounds

- **Sept 2019** Venture **$2.1M** *1 new* *2 returning* [Export Development Canada](https://millionrounds.com/fund/export-development-canada) [Accomplice](https://millionrounds.com/fund/accomplice) [MaRS Investment Accelerator Fund](https://millionrounds.com/fund/mars-investment-accelerator-fund) Source recorded SEC filing: $2.1M sold, first sale Sept 2019
- **Mar 2015** Seed **$1.2M** *4 new* [Export Development Canada](https://millionrounds.com/fund/export-development-canada) [MaRS Investment Accelerator Fund](https://millionrounds.com/fund/mars-investment-accelerator-fund) [Ellen Levy](https://millionrounds.com/fund/ellen-levy) [Sarah Imbach](https://millionrounds.com/fund/sarah-imbach) From a historical funding record
- **Sept 2014** Seed **$1.0M** *9 new* [Tobias Lütke](https://millionrounds.com/fund/tobias-lutke) [Frederic Boulanger](https://millionrounds.com/fund/frederic-boulanger) Avanish Sahai Aydin Mirzaee Jessica Scorpio Lance Laking Mark Baker Peter Evans Sam Zaid From a historical funding record

## Founders and team

From PageCloud's own website: 3 on the team.

- **Mike Grouchy** Chief Executive Officer
- **Mark Murray** Chief Financial Officer
- **Mark Stephenson** Chief of Design

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2014 **Seed** 2015 **Venture** 2019 [Export Development Canada](https://millionrounds.com/fund/export-development-canada) [MaRS Investment Accelerator Fund](https://millionrounds.com/fund/mars-investment-accelerator-fund) [Accomplice](https://millionrounds.com/fund/accomplice) [Ellen Levy](https://millionrounds.com/fund/ellen-levy) [Sarah Imbach](https://millionrounds.com/fund/sarah-imbach) [Tobias Lütke](https://millionrounds.com/fund/tobias-lutke) [Frederic Boulanger](https://millionrounds.com/fund/frederic-boulanger) Avanish Sahai Aydin Mirzaee Jessica Scorpio

## Everyone who backed them

[Export Development Canada](https://millionrounds.com/fund/export-development-canada) Government **2** rounds

[MaRS Investment Accelerator Fund](https://millionrounds.com/fund/mars-investment-accelerator-fund) VC firm **2** rounds

[Accomplice](https://millionrounds.com/fund/accomplice) VC firm **1** round

[Ellen Levy](https://millionrounds.com/fund/ellen-levy) VC firm **1** round

[Sarah Imbach](https://millionrounds.com/fund/sarah-imbach) VC firm **1** round

[Tobias Lütke](https://millionrounds.com/fund/tobias-lutke) VC firm **1** round

[Frederic Boulanger](https://millionrounds.com/fund/frederic-boulanger) Angel **1** round

Avanish Sahai no record of our own yet **1** round

Aydin Mirzaee no record of our own yet **1** round

Jessica Scorpio no record of our own yet **1** round

Lance Laking no record of our own yet **1** round

Mark Baker no record of our own yet **1** round

Peter Evans no record of our own yet **1** round

Sam Zaid no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=pagecloud).

## Also claim to have backed them

This firm lists PageCloud as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Capital Angel Network](https://millionrounds.com/fund/capital-angel-network) Angel network Per its own site

## Quick answers about PageCloud

### Who invested in PageCloud?

PageCloud's investors include Export Development Canada, MaRS Investment Accelerator Fund, Accomplice, Ellen Levy and Sarah Imbach, and 9 more on record.

### How much has PageCloud raised?

PageCloud has raised $4.3M across 3 rounds since 2014.

### When did PageCloud last raise?

PageCloud's most recent round was a Venture of $2.1M in Sept 2019.

### What was PageCloud's biggest round?

Its most recent round, $2.1M in Sept 2019, is also its largest on record.

### Who backed PageCloud first?

PageCloud's first round on record, in Sept 2014, was backed by Tobias Lütke, Frederic Boulanger and Avanish Sahai and 6 others.

### What stage is PageCloud at?

PageCloud's latest named round is a Venture, in Sept 2019.

### Where is PageCloud based?

PageCloud is based in Canada.

## Companies like PageCloud

In the same sector, and raised in the last eighteen months.

[**Island Passage Exploration** $4.8M · Jun 2025](https://millionrounds.com/company/island-passage-exploration)[**ContactMonkey** $800K · May 2025](https://millionrounds.com/company/contactmonkey)[**Cuttable** $29M · Oct 2026](https://millionrounds.com/company/cuttable)[**Cashbanx** $4.1M · Oct 2026](https://millionrounds.com/company/cashbanx)[**Gradient** $24M · Oct 2026](https://millionrounds.com/company/gradient)[**Different** $48M · Oct 2026](https://millionrounds.com/company/different)

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