BEST Funds Leads $5M Funding of Daily Deal Provider TeamBuy
Online deals destination TeamBuy.ca Inc. has secured $5 million in growth funding from Canadian venture capital firm BEST Funds, with participation from existing investors. The deal follows the company's buy of FabFind.com earlier in August, and its January merger with venture-backed Dealfind.com. BEST Funds CEO John Richardson told peHUB Canada that his firm backed TeamBuy because of "its strong management team" and "ability to be successful in one of the toughest markets around." Richardson said the company's acquisitions will bring it much greater scale. For this reason, Richardson is "very optimistic about its future." TeamBuy was founded in 2009 and is based in Toronto.
29 August 2013•3 mins read
