Vendasta raises $20M to fuel strategic acquisitions
- October 11, 2023
- 4:34 pm
Saskatoon, SK – October 11, 2023 — Vendasta Technologies today announced a CAD $20 million financing. At the same time, a CAD $52.5 million debenture was converted to equity. This financing provides the company with a clean capital structure and funding for future acquisitions to accelerate growth. Vendasta was recognized on the Globe and Mail’s 2023 list of Top Growing Companies in Canada with 135% growth from 2020 to 2022.
Brendan King, Vendasta’s founder and CEO said, “Vendasta is the industry-leading platform for channel partners to market, sell, bill, fulfill, and deliver digital solutions to SMBs. Today over 200K small and medium-sized businesses are serviced through Vendasta’s platform. These new funds are earmarked for strategic acquisitions to achieve our mission. We won’t stop until our channel partners can provide everything their SMB customers need to run their business from a single login.”
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