BDC Capital leads additional $14.6 mln investment in Wave
Toronto-based financial technology startup Wave has secured a $14.6 million investment, adding to the $22.1 million Series C financing closed in March, and bringing its total funding to $62.3 million. BDC Capital’s IT Venture Fund led the latest round and was joined by HarbourVest and existing investors Charles River Ventures and Social Capital. Founded in 2010, Wave provides financial software for small businesses, offering services in accounting, payments, invoicing and other areas. It said it expects to reach annualized revenue of over $20 million by the end of 2016. Wave plans to use the funds raised to accelerate R&D and team expansion.
25 October 2016•3 mins read
