Participants in Toronto-based Shoplazza’s Series C1 included existing investors Sequoia China, Sky 9, Elegrace and Qianhai FoF, and new investors Chimera and Stepstone. (The Logic)
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Participants in Toronto-based Shoplazza’s Series C1 included existing investors Sequoia China, Sky 9, Elegrace and Qianhai FoF, and new investors Chimera and Stepstone. (The Logic)
Talking point: The investment, announced last month, is one of at least six that the Japanese conglomerate has made in Canadian startups since last summer, when it backed Toronto-based Clearco for its first Canadian investment. The global tech investor’s pace of deals has picked up in February, with SoftBank participating in three new Canadian deals this month alone: 7shifts, Ventus Therapeutics and Paper. Shoplazza, which has roughly 300 employees, operates an online platform for direct-to-consumer e-commerce. The company’s latest fundraising round brings the total amount of capital it has raised to US$199 million.
Correction: The total amount of capital Shoplazza has raised is US$199 million. This item has been updated.
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