Yaletown, BDC co-lead $10 mln financing of Elastic Path Software
Vancouver-based e-commerce platform Elastic Path Software Inc has raised $10 million in follow-on funding. The round was led by Canadian venture capital investors Yaletown Venture Partners and BDC Venture Capital IT Fund, both of which invested in Elastic Path's $5.35 million financing in September 2014. Founded in 2000, Elastic Path provides enterprise commerce software that creates a personalized and unified buying experience for shoppers. To date, it has helped customers generate $40 billion in sales using its technology. The company plans to use the latest round's proceeds to grow revenue, deepen investment in partner channels, and continue development of its platform.
29 October 2015•4 mins read
