Vancouver-based social media management platform Hootsuite announced a US$15M Debt Financing from CIBC Innovation Banking, (formerly known as Wellington Financial). The funding will be used to further expansion, possibly with M&A, says both CEO and CFO.
500px Inc, a Toronto-based photosharing site has been acquired by Chinese media company Visual China Group for US$17M on February 26th, 2018. This is the second photosharing transaction to take place in the last 9 months!
Venture capital plays a very important role in the capital markets and financing high potential growth companies but importantly, it is ONLY appropriate for certain types of companies and those that have phenomenal growth opportunities…a fact that many founders do not understand. Matching the appropriate type of capital to the company’s opportunity is key and in light of this need to match, we thought that the following article would provide founders with food for thought.
At Q1, we spend an enormous amount of time researching and tracking Canadian technology companies and one of them is Vancouver-based Hootsuite. Chosen by many to be Canada’s next billion dollar company (aka unicorn), Hootsuite’s road to market leadership illustrates just