News Summary

Vancouver-founded work automation platform Gumloop has raised a $24.5 million CAD Series A round as it relocates to San Francisco to access exceptional talent. The round was led by Nexus Venture Partners, which also gains a board seat, and included participation from First Round Capital, Y Combinator, and several angel investors like Instacart co-founder Max Mullen. Originally founded in April 2023 by McGill University classmates Max Brodeur-Urbas and Rahul Behal under the name AgentHub, Gumloop aims to automate digital tasks through a no-code interface. The company has raised a total of $20 million USD to date and aims to achieve a $1-billion valuation with a small, talented team.