Vendasta secures $40M led by Canadian Business Growth Fund (CBGF)

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By CPE News

CPE Media News (7/17/2019) – Vendasta has raised $40 million in growth funding, $25 million of which was led by the Canadian Business Growth Fund (CBGF) in addition to an earlier round in May of $15 million led by Comporium, Inc and Saskworks Venture Fund Inc. with participation from existing investors Vanedge Capital and BDC Capital.

Saskatoon based Vendasta is a software company that builds a platform for helping local businesses with their digital needs.

Vendasta intends to use funding to enhance the Vendasta Platform, including its owned and operated product suite and robust Marketplace of digital solutions.