Symend secures $53 million in capital growth funding yyc yycbiz
The fintech company was founded in 2016 and has expanded across North America, into Latin America and the United Kingdom.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
The round of funding was led by Inovia Capital and a consortium of investors including Impression Ventures, Mistral Venture Partners, BDC’s Growth Venture Co-Investment Fund, BDC Capital’s Women in Technology Fund, Plaza Ventures and EDC.Article content, including the economic slowdown and rising interest rates.
“Given the size of the rounds that we did, there was a lot of due diligence then as well, it’s just you could feel the extra pressure in the market as we went into the market this time,” he said. It is a challenge that Calgary companies have been able to weather. This is the second major announcement this week, withWhile investing has not stopped in other jurisdictions, Toronto, Montreal and Vancouver have all fallen off of their record funding levels of 2021. These two announcements will push Calgary beyond its record mark of $490 million last year. Calgary was at an estimated $433 million through three quarters, according to preliminary data from CVCA, prior to these announcements.
“The overall tech ecosystem, especially over the last half a decade in Calgary, has come a long way,” said Joshaghani, while pointing to the tech intensity of oil and gas as a foundation for this recent growth.
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