BuildDirect exits creditor protection with $55 mln round
Vancouver-based home-improvement technology provider BuildDirect has raised about $55 million (US$43 million), about $36 million of which is new with the rest converted from interim financing obtained during the company's recent creditor protection. Mohr Davidow Ventures led the round. It was joined by new and existing investors, including Fidelity Investments Canada, Pelecanus Investments, Lyra Growth Partners and Beedie Capital. The fundraising, which wraps up BuildDirect's restructuring, and the company's exit from creditor protection this month, leave a "newly energized and well capitalized business poised for success," CEO Dan Park said.
26 March 2018•4 mins read
