Wellington Financial LP, a specialty finance firm, has provided $14 million in growth funding for Dejero Labs Inc., a Waterloo, Ontario based provider of cloud-managed solutions that simplify the transport of live video and real-time data across remote or mobile IP networks.
The funding will support Dejero’s endeavors in providing broadcasters, media organizations, and mobile production companies with instant, cost-effective, and reliable access to their audiences.
“Dejero shows incredible entrepreneurial ingenuity, and we are proud to support a Canadian company that has scaled its business to the point of being globally competitive,” said Mark Usher, Partner at Wellington Financial. “Dejero’s technology is indispensable to news teams internationally, and it will only gain further momentum as its capabilities expand beyond news reporting and into the ever-broadening world of live broadcast media and entertainment.”
Founded by Bogdan Frusina in 2008, Dejero raised $4.5 million in growth capital in April 2014 from BEST Funds managed retail and accredited investor funds.