Sensibill, a Toronto-based receipt management solutions provider, has secured $31.5 million in a Series B funding round.

Canadian venture capital firm Radical Ventures led the round and was joined by previous backers, Information Venture Partners and First Ascent Ventures, National Bank of Canada, and others.

With the new equity raised, Sensibill will advance its artificial intelligence-assisted decision-making and pursue the mission of unlocking the value of purchasing data.

The new financing round brings the total capital raised by the startup since its interception to $50.4 million.