Fintech startup Wave closes $32 mln round with new, existing VCs
Toronto financial technology startup Wave has raised about $32.3 million (US$24 million) in follow-on funding. National Australia Bank, RBC, Power Corp's Portag3 Ventures and Exhibition Capital participated in the round. They were joined by existing investors, including CRV, Social Capital, BDC IT Venture Fund and BDC Capital, OMERS Ventures, Harbourvest and OurCrowd. Founded in 2010, Wave develops cloud-based financial management software for entrepreneurs and small business owners. It reports having more than 2.5 million users of its software worldwide. The company plans to use the funds raised to accelerate development of its solutions.
30 May 2017•3 mins read
