Fonds de solidarité FTQ and returning investor Inovia Capital co-led the round in the employee engagement software company. Demopolis Equity Partners and existing backer Blumberg Capital also participated. WorkJam said in a release it will use the funds to expand in Latin America, the U.S., Europe and Southeast Asia. (The Logic)
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Fonds de solidarité FTQ and returning investor Inovia Capital co-led the round in the employee engagement software company. Demopolis Equity Partners and existing backer Blumberg Capital also participated. WorkJam said in a release it will use the funds to expand in Latin America, the U.S., Europe and Southeast Asia. (The Logic)
Talking point: “Our fundraise is 100 per cent share issuance, no debt, with proceeds to be entirely used to feed our growth,” chief marketing officer Louise Clements told The Logic via email. Clements confirmed that the deal values the firm at more than US$500 million, as first reported by The Wall Street Journal. WorkJam has raised a total of US$147 million to date, according to PitchBook data. Montreal-headquartered Inovia led WorkJam’s US$50 million Series C round in 2020. Last August, WorkJam received US$35 million in growth financing from investment firm Silver Lake Waterman.
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