Canadian-based The Logic raises $1.8 million

The Logic, a Canadian-based website that covers the innovation economy, has raised $1.8 million from investors.

The money will allow the website to expand its editorial staff and news bureaus in Canada, invest in sales and marketing, provide further support for its customer success teams and build its operational infrastructure

The investors are Postmedia, Relay Ventures and angel investors.

“This financing round reflects the growing interest in our commitment to accurate, independent and agenda-setting journalism that you won’t find anywhere else,” said David Skok, founder and CEO of The Logic, in a statement. “This investment will support The Logic’s national expansion and distribution efforts, giving more Canadians a chance to debate and discuss some of the critical issues that we face at this important time.”

Founded in 2018, The Logic already has a bureau in Ottawa and recently announced a Quebec expansion with a new bureau in Montreal.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.