Investment Summary

Canadian Business Growth Fund Invests In Vendasta

On July 17, 2019, growth capital firm Canadian Business Growth Fund invested in software company Vendasta

Investment Highlights
  • This is Canadian Business Growth Fund’s 1st transaction in the Software sector.
  • This is Canadian Business Growth Fund’s 6th transaction in Canada.
  • This is Canadian Business Growth Fund’s 1st transaction in Saskatchewan.

Investment Summary
Date 2019-07-17
Target Vendasta
Sector Software
Investor(s) Canadian Business Growth Fund
Deal Type Growth Capital

Target

Vendasta

Saskatoon, Saskatchewan, Canada
Vendasta is a software company that builds a platform for helping local businesses with their digital needs. Sold exclusively through channel partners including agencies, broadcasters, publishers, banks, telecoms, and more. Vendasta was founded in 2008 and is based in Saskatoon, Saskatchewan.

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Investor(S) 1

Investor

Canadian Business Growth Fund

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2018
PE ASSETS 545M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 6 of 29
Sector (Software) 1 of 3
Type (Growth Capital) 6 of 19
State (Saskatchewan) 1 of 1
Country (Canada) 6 of 29
Year (2019) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Prodigy Education

Burlington, Ontario, Canada

Prodigy Education is an education technology company that has designed one of the most engaging, effective, adaptive, and free game-based learning platforms that helps students between grades one to eight practice mathematics. The Prodigy platform provides children with productive “screen time”, has been demonstrated to improve students’ mathematical proficiency, and is used by teachers and students in Canada, United States, Australia, New Zealand, and the United Kingdom. Prodigy Education is based in Burlington, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-13 Appnovation

Vancouver, British Columbia, Canada

Appnovation is a full-service digital consultancy, focused on delivering meaningful business outcomes that drive innovation, growth, and ultimately value for its clients. Through digital strategy and a deep industry focus across a variety of verticals (including some of the largest financial services and pharmaceutical companies in the world). Appnovation was founded in 2007 and is based in Vancouver, British Columbia.

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Mergr

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