Investment Summary

Canadian Business Growth Fund Invests In ProcedureFlow

On July 26, 2022, growth capital firm Canadian Business Growth Fund invested in software company ProcedureFlow

Investment Highlights
  • This is Canadian Business Growth Fund’s 3rd transaction in the Software sector.
  • This is Canadian Business Growth Fund’s 26th transaction in Canada.
  • This is Canadian Business Growth Fund’s 1st transaction in New Brunswick.

Investment Summary

Date 2022-07-26
Target ProcedureFlow
Sector Software
Investor(s) Canadian Business Growth Fund
Deal Type Venture

Target

ProcedureFlow

Saint John, New Brunswick, Canada
ProcedureFlow is a knowledge management software designed to help organizations digitize their operations by visualizing their processes. ProcedureFlow equips employees with the information they need at the precise moment they need it across a range of functions, including employee training and onboarding, customer service, operations, and more. ProcedureFlow is based in Saint John, New Brunswick.

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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 27 of 31
Sector: Software M&A 3 of 3
Type: Venture M&A Deals 8 of 9
State: New Brunswick M&A 1 of 1
Country: Canada M&A 26 of 30
Year: 2022 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Felix Health

Toronto, Ontario, Canada

Felix Health is a patient-driven digital healthcare company that provides virtual end-to-end services making healthcare more accessible for Canadians. Felix provides online medical consultations, prescription delivery and ongoing care across a growing range of common, but often stigmatized, health-related concerns including acne, allergies, birth control, cold sores, erectile dysfunction and more. Felix Health is headquartered in Toronto, Ontario.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-04 ChangeMakers

Calgary, Alberta, Canada

ChangeMakers is an owner, operator and builder of the foremost marketing, communications and engagement agencies. With international coverage and full-service capabilities, ChangeMakers serves mid-market North American clients with digital marketing, social media, public relations and affairs, content and production, media services, strategy and research. ChangeMakers is based in Calgary, Alberta.

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