Risk manager Medgate secures funding in Norwest-led round
Medgate, a provider of SaaS-based environmental, health and safety risk management solutions, announced it has raised an undisclosed investment led by the growth equity team at U.S.-based Norwest Venture Partners. Joining the strategic round are Canadian investors Georgian Partners and BMO Financial Group. Medgate has offices in Toronto and Palo Alto, California. As part of the financing, Jon Kossow and Rob Arditi, respectively general partner and partner at Norwest, have joined the company's board. Medate said the funds raised will support product expansion, analytics innovation, and strategic acquisitions to accelerate growth.
23 March 2016•4 mins read
