BDC Capital lends $2.5 mln to spa tech platform Book4Time
Book4Time, a Markham, Ontario-based cloud business management software platform for the spa and wellness industry, has raised a monthly-recurring-revenue loan of $2.5 million. The source of the loan was the growth and transition capital group of BDC Capital. Founded in 2004 by CEO Roger Sholanki, Book4Time provides a software-as-a-service solution to more than 3,000 luxury and chain spas in over 70 countries. The company will use the funds raised to accelerate growth over the next three years, by hiring staff for sales and marketing, R&D and operations and expanding its headquarters.
16 January 2019•3 mins read
