NetNow closed $1.8M Pre-Seed round

NetNow, a Toronto-based company, raised $1.8 million in a Pre-Seed funding round. The round was led by Ripple Ventures and included participation from Centre Street Partners, Antler, Motivate Venture Capital, and Day One Ventures.

NetNow operates a modern trade credit automation platform designed to streamline the credit and collections process for wholesalers and distributors, particularly in the building materials industry. The company intends to use the new capital to accelerate its AI product development, focusing on simplifying documents, analyzing data, and generating risk scores and metrics.