Auvik Networks lands $15 mln in OpenView-led Series B round
Auvik Networks Inc, a Waterloo-based provider of network monitoring and management software for managed service providers, has secured $15 million in a Series B financing. The round was led by U.S. venture capital firm OpenView with participation from the company's existing Canadian investors Celtic House Venture Partners and Rho Canada Ventures. As a result, OpenView Partner Ricky Pelletier will join the board. The funds raised will be used for product development, partner initiatives, and growth into new markets. Auvik was founded in 2011 by CEO Marc Morin, CTO David Yach and VP Alex Hoff. Morin, a serial founder, was interviewed by PE Hub Canada in 2014.
10 August 2017•3 mins read
