News Summary

Vancouver-based FinTech startup Opal has raised $1.5 million USD in pre-seed funding to develop its innovative expense management platform for advertising agencies. Founded by Alex Steele, Opal aims to streamline ad agency operations with its all-in-one software, Opal Spend, which integrates ad spending, accounting, invoicing, and contract management. The funding round was led by Seattle’s Founders Co-op with participation from Exit North Ventures and Ian Crosby, co-founder of Bench. The startup plans to use the funds to enhance its platform, expand its team, and establish Opal as a key financial partner for media and creative agencies.