Venture • Internet Software and Services

Canadian Business Growth Fund Invests In Busbud

On September 29, 2020, growth capital firm Canadian Business Growth Fund invested in internet software and services company Busbud

Investment Context
  • This is Canadian Business Growth Fund’s 5th transaction in the Internet Software and Services sector.
  • This is Canadian Business Growth Fund’s 14th transaction in Canada.
  • This is Canadian Business Growth Fund’s 1st transaction in Quebec.

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Investment Summary

Date September 29, 2020
Target Busbud
Sector Internet Software and Services
Investor(s) Canadian Business Growth Fund
Deal Type Venture

Target Company

Busbud

Montreal, Quebec, Canada
Busbud enables global travelers to shop for and purchase intercity bus tickets through its booking platform in over 80 countries worldwide, with over 3,900 bus operator partners, serving over 20,000 cities. The company simplifies the way travelers can research, shop for, compare and purchase bus tickets online in the same way they do flights, hotels and tours. Busbud is based in Montreal, Quebec.
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Investor Overview 1

Investor
DESCRIPTION

Canadian Business Growth Fund (CBGF) is an independent, evergreen growth?capital investment fund backed by Canadian banks and insurance companies. The Firm looks to provide minority equity investments ranging from CAD?5 to?20?million in mid?market Canadian businesses with solid revenue and growth trajectories. CBGF was formed in 2018 and is based in Toronto, Ontario.


Deal Context for Investor #
Overall 15 of 31
Sector: Internet Software and Services 5 of 6
Type: Venture 3 of 9
State: Quebec 1 of 3
Country: Canada 14 of 30
Year: 2020 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-02 Mobile Klinik

Ottawa, Ontario, Canada

Mobile Service Center Canada Ltd. is a chain of professional smartphone repair stores operating under the ‘Mobile Klinik’ brand specializing in immediate repair of mobile phones and tablets for consumers with a swift, high quality and standardized service level. Mobile Service Center Canada was founded in 2015 and is based in Ottawa, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 LifeRaft

Halifax, Nova Scotia, Canada

LifeRaft is a security intelligence company that enables enterprises to comb the web to identify and monitor potential business and physical security threats. LifeRaft’s critical risk identification software, “Navigator”, provides an integrated suite of investigative features for use cases such as crisis management, critical infrastructure monitoring, executive protection, facility security, fraud prevention, location monitoring and threat detection. LifeRaft is based in Halifax, Nova Scotia.

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