Naborly Adds InteraXon CEO to Advisory Board, Closes Additional Angel Round

August 4th/2016

Toronto, ONToday, Naborly Inc., a Canadian software company specializing in residential tenant screening using artificial intelligence and machine learning, announced that they have closed an additional Angel round of financing. The round was closed in just four weeks and was significantly over subscribed by Toronto area investors. Alongside the angel round Naborly has expanded it’s advisory board to include former Blackberry SVP and current CEO of InteraXon, Derek Luke; Catalyst Land Development CEO, Andrew Gaucher; as well as investment banker, Malcolm Potts.

Regarding the announcement, Naborly’s CEO Dylan Lenz commented, “This round was designed to help us get into a position to seriously start scaling the company. We will be extensively growing our engineering and sales teams, exploring new partnerships, expanding our marketing efforts, and expanding our offices.” In regards to the new advisory board Lenz said, “I am so glad to have such an amazing advisory board behind our company. All of them have incredibly strong roots in Technology, Real Estate, and Finance. They will play a key role in our continued growth and development.”

Prior to this announcement, Naborly has been steadily growing their Tenant Screening AI platform in Canada and in key US markets.  Naborly’s Tenant Screening algorithm is proven to significantly reduce Evictions, Late Rent Payments, and Property Damage by identifying high risk tenants before they move in.