A Toronto-based financial planning-and-analysis-subscription-software company has raised a new $115-million in investment from two American private equity firms. (Globe and Mail)
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A Toronto-based financial planning-and-analysis-subscription-software company has raised a new $115-million in investment from two American private equity firms. (Globe and Mail)
Talking point: This is Canada’s first nine-figure funding round this year, and the seventh in a Canadian scale-up tech company in the last 12 months. JMI Equity and existing Vena-backer Centana Growth Partners led the financing, which is believed to value the company at over $300 million. CEO Don Mal said the company, which employs 250 people, will receive a “significant” capital injection which will go towards the hire of 100 more staff and the expansion of its customer base.
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