OSF Commerce secures $31 mln in Delta-v Capital-led round

OSF Commerce, a Québec City-based retail consultant and commerce technology integrator, has raised about $31 million (US$23 million) in financing. The round was led by Delta-v Capital, a U.S. technology growth equity firm, with participation from Salesforce Ventures, the venture capital arm of U.S. software company Salesforce.com Inc. Founded in 2003, OSF Commerce, a Salesforce partner, provides technology, consulting, implementation and online shop management services to emerging and established brands and merchants. Led by CEO Gerry Szatvanyi, the company will use the funds raised to advance global growth by hiring talent, investing in artificial intelligence technology and making acquisitions.

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