Orckestra hits right note, nets $8 mln for enterprise commerce

Orckestra has secured first-time venture capital funding. The company raised $8 million in a Series A financing round from Fondaction CSN, W Investments and the Fonds de solidarité des travailleurs du Québec FTQ. Based in Montréal, Orckestra will use the proceeds to expand global sales and advance commercialization and development of its Overture enterprise commerce platform. Founded in 2006, Orckestra said it recently achieved 3,056 percent, five-year revenue growth in exports, thanks to its expansion into the U.S., and will seek new market opportunities in North America and Europe.

CanadaNorth AmericaBriefs