AppDirect nets $35 mln in Series C round, opens Montréal office
Cloud service marketplace and management platform AppDirect Inc has secured US$35 million in Series C financing. The round was led by U.S. venture capital firm Mithril Capital Management with participation from Canadian firm iNovia Capital and Foundry Group. AppDirect said this latest funding will facilitate its continued growth in the cloud services brokerage sector. The company's geographic reach, which expanded to more than 150 countries in the past year, includes a new office in Montréal. Chris Arsenault, managing partner at iNovia Capital, told peHUB Canada that the initiative will add significantly to Montréal's technology ecosystem. INovia seeded AppDirect in 2011 and led its two subsequent financings.
10 April 2014•4 mins read
