Vectio Technologies secures pre-seed financing from angel group

TORONTO, Feb. 1, 2017 /CNW/ - Vectio Technologies Inc. ("Vectio Technologies" or the "Company"), a software company developing solutions for trucking operations management, today announced that it has successfully raised a pre-seed investment from a group of angel investors. The proceeds will be used for the ongoing development of the Company's lead product, Vectio, which provides small and medium-sized trucking companies with a simple but powerful platform for managing their entire operation.

"Our vision is to bring enterprise-level operating efficiency to smaller transportation companies," said Fil Marinkovic, CEO of Vectio Technologies. "There are nearly one million trucking and logistics companies in North America. Vectio is generating significant interest in this community for its ease of use and its novel approach to providing solutions for small carriers, who have largely been overlooked by recent advances in technology."

With this initial raise the Company is financed through the calendar third quarter of 2017. In that time the Company's priorities will be building on Vectio's functionality and driving North American market penetration.

About Vectio Technologies Inc. (www.vectio.tech)

Vectio Technologies' lead product, Vectio, provides small and medium-sized trucking companies with a simple but powerful platform for managing their entire operation. Vectio is an easy-to-use, subscription-based, software-as-a-service (SaaS). Vectio saves time and money by reducing human error, streamlining repetitive tasks, and providing complete operational visibility.

SOURCE Vectio Technologies

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2017/01/c5706.html

For further information: Fil Marinkovic, CEO, T: 1 (855) 728-7728 x700, E: fil@vectio.tech; Shaye Wali, CFO, T: 1 (855) 728-7728 x704, E: shaye@vectio.tech


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