Vendasta announces historic $119.5M round to revolutionize small business technology

Vendasta today announced C$119.5 million in financing to further accelerate the sales growth of its end-to-end e-commerce platform for companies who provide digital products and services to small and medium businesses (SMBs) worldwide.

The raise is led by New York-based Lugard Road Capital, joined by Nicola Wealth, the Canadian Business Growth Fund (CBGF), and a set of existing investors. It is the largest information and communication technology (ICT) venture capital round in Canadian Prairie history. The record was previously set by Vendasta in 2019 when it secured a $40 million growth fund.

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