Investment Summary

Canadian Business Growth Fund Invests In Proposify

On June 9, 2020, growth capital firm Canadian Business Growth Fund invested in internet software and services company Proposify

Investment Highlights
  • This is Canadian Business Growth Fund’s 4th transaction in the Internet Software and Services sector.
  • This is Canadian Business Growth Fund’s 12th transaction in Canada.
  • This is Canadian Business Growth Fund’s 1st transaction in Nova Scotia.

Investment Summary

Date 2020-06-09
Target Proposify
Sector Internet Software and Services
Investor(s) Canadian Business Growth Fund
Deal Type Growth Capital

Target

Proposify

Dartmouth, Nova Scotia, Canada
Proposify's software as a service (SaaS) solution streamlines the process of creating, sending, tracking, and e-signing proposals, contracts, agreements, and other sales documents. Proposify helps sales teams scale their proposal process, and quickly create impressive, interactive sales documents that beat the competition. Proposify is based in Dartmouth, Nova Scotia.

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Investor(S) 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 STATS #
Overall 13 of 31
Sector: Internet Software and Services M&A 4 of 6
Type: Growth Capital M&A Deals 11 of 21
State: Nova Scotia M&A 1 of 2
Country: Canada M&A 12 of 30
Year: 2020 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-02 MaxSold

Kingston, Ontario, Canada

MaxSold is an online marketplace for buyers and sellers to help people to clear household contents. Working directly with downsizing, estate, and relocation clients, and with over 500 partner companies in the elder care and relocation industries, MaxSold has already helped over 16,000 clients sell over 1.8 million items. MaxSold is based in Kingston, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-24 Librestream

Winnipeg, Manitoba, Canada

Librestream specializes in digital transformation technologies, helping remote workers to collaborate in the industrial services and healthcare sector. Librestream’s platform enables remote workers to connect and communicate with industry experts and colleagues to rapidly diagnose, inspect, and maintain assets from anywhere in the world. Librestream was founded in 2003 and is based in Winnipeg, Manitoba.

Buy -