BDC Capital helps top up Wave's Series C round to $22.1 mln
Canadian venture capital firm BDC Capital has invested $6.7 million in Wave, a Toronto-based provider of online financial tools for small businesses. The money came from BDC Capital's IT Venture Fund II, launched at $150 million last month, and was led by newly-appointed Partner Peter Misek, who will join Wave's board. The investment adds to the company's Series C financing, announced last May, which now totals $22.1 million. Charles River Ventures, OMERS Ventures, The Social+Capital Partnership, and an unidentified strategic investor also invested in the round. Founded in 2010, Wave plans to use all Series C funds raised to invest in innovation and development of its suite of tools.
29 March 2016•3 mins read
