The funding round for the digital information management software company was led by Toronto-based First Ascent Ventures and Export Development Canada. Two thirds of the investment was equity while the rest was debt financing, Karson Simpson, a Shinydocs spokesperson, told The Logic. Debt was provided by the Federal Economic Development Agency for Southern Ontario (FedDev) and another unnamed lender, she said. (The Logic)
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
At a town hall in suburban Ottawa, Justin Trudeau road-tests his pitch to the tech industry
Briefing
Wealthsimple launches private credit offering with Sagard
Tax cuts dominate Quebec’s $24B spring budget
BlackBerry agrees to sell 32,000 patents for up to US$900M
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
