BDC Capital invests in Fiasco Gelato as part of broader deal
BDC Capital recently provided undisclosed quasi-equity financing to Fiasco Gelato Cafés Ltd, a Calgary-based artisan gelato and sorbetto maker and wholesaler. BDC, which invested through its Growth & Transition Capital group, said the financing is part of a broader deal that includes equity investors and government grants. No details were released. Founded in 2003 and led by Chief Idea Officer and CEO James Boettcher, Fiasco sells its products through more than 2,800 retailers across Canada. It will use the funds raised to expand distribution in Ontario, Québec and Atlantic Canada as well as develop and market new flavours.
16 May 2019•3 mins read
