Bit Stew Systems closes first tranche of Series C funding
Bit Stew Systems Inc, a Canadian data integration platform for the industrial Internet, has wrapped up the initial close of its Series C financing. The undisclosed tranche was backed by existing investors, including Yaletown Partners, GE Ventures and BDC Capital, and new investors, including Canadian fund of funds Kensington Capital Partners. Based in Vancouver, Bit Stew has recently expanded its customer base and introduced its technology to new industries and applications. Raising more than $30 million in funding, including $20.6 million from its Series B round last May, the company reported record growth of late. In 2015, Bit Stew's revenue increased 171 percent year over year.
19 May 2016•4 mins read
