Vanedge Capital leads $3.5 mln follow-on financing of Privacy Analytics
Privacy Analytics Inc has received US$3.5 million in additional funding. The round was led by Canadian venture capital firm Vanedge Capital, and joined by BDC Capital IT Venture Fund, which helped seed the company in 2012, and the Ontario Institute for Cancer Research. V. Paul Lee, managing partner at Vanedge, has joined Privacy Analytics' board of directors. Proceeds will be used to increase sales and marketing, as well as develop the product line. Founded in 2007, Privacy Analytics was formed at the University of Ottawa, where its software, PARAT, was incubated and patented. The company said its customers include Fortune 50 healthcare companies, as well as academic and research organizations.
22 July 2014•4 mins read
