BlackSquare secures funding from Accelerate Fund, angel investors

BlackSquare Inc, an e-commerce platform for the wine and spirits industry, has closed a follow-on financing round. The investment's value was not disclosed. The backers included the Accelerate Fund, an angel co-investment fund managed by AVAC, and several angel investors. Founded in 2009, Calgary-based BlackSquare has created technology to help global wine producers handle regulatory and compliance reporting, and support customer engagement and revenue streams. The funds raised will enable it to expand and develop its global wine database. BlackSquare previously received financing from HorizonOne Asset Management.

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