The Montreal-based bus-ticketing startup is the first Quebec investment from the CBGF, the investment fund bankrolled by 12 of the country’s biggest financial institutions. Other investors include Export Development Canada, the Business Development Bank of Canada and Singapore-based K3 Ventures, along with existing investors Claridge, Inovia Capital and Plaza Ventures. (BetaKit)

Talking point: Though Busbud laid off a third of its staff in COVID-19-related cuts in April, investors remain bullish as to the resiliency of the bus-travel sector. Much of the company’s business is also in Europe and Latin America, where bus travel is more common than in its North American home base. Busbud’s pre-pandemic revenues were growing at a year-over-year rate of 110 per cent, according to the company.