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Amy Rae

Vendasta Raises $40 Million in Growth Capital

Vendasta, a cloud commerce platform for companies that provide digital solutions to small and medium businesses (SMBs), has raised $40 million in growth funding, $25 Million of which was led by the Canadian Business Growth Fund (CBGF) in addition to an earlier round in May of $15 Million led by Comporium, Inc and Saskworks Venture Fund Inc. with participation from existing investors Vanedge Capital LP and BDC Capital IT Venture Fund. With these investments, the technology company plans to expand its Saskatoon-based team from…