Summit Partners led the growth equity round in the Edmonton startup, which also saw investments from existing funders OMERS Ventures and Version One Ventures. Jobber said the money will help fund more research and development, hiring and customer acquisition, among other things. (The Logic)

Talking point: Before this latest funding round, Jobber had raised US$16 million total. That included a previously unannounced inside round closed in 2018, CEO Sam Pillar told BetaKit. In November 2015, the company raised $8 million in a deal led by OMERS Ventures, according to PitchBook. In 2020, the company’s recurring revenue increased by 90 per cent and its customer count surpassed 100,000 home-service professionals as it benefited from a pandemic-fuelled move toward e-commerce and touchless payment solutions. Jobber is one of several Alberta-based companies to raise significant funds recently. Calgary-based Neo Financial, a challenger bank, raised $25 million in December and in August, Calgary’s Attabotics raised US$50 million. Last month, a British private equity firm purchased a majority stake in Calgary-based Benevity, valuing it at US$1 billion.