St. John’s-based Cyno, which has developed a healthcare platform for corporations, has raised a $2.3 million seed round led by the Venture NL fund, which is managed by Pelorus Venture Capital, along with a handful of angel investors and industry experts.
Chief Executive Peter Barbour said in an interview that he plans to spend much of his new war chest on hiring more staff, as well as a push into the United States market. Some of the money will also go towards bolstering Cyno’s privacy protection and encryption processes.
Cyno is a digital marketplace where a company’s employees can hire