On October 11, 2023, it was announced that Foundry Group, one of the largest networks of entrepreneurs and early-stage investors in the US, led a C$20 million financing round for Vendasta Technologies Inc. (“Vendasta”), a Saskatchewan-based all-in-one SaaS platform for companies that provide digital solutions to small and medium-sized businesses.
The financing provides Vendasta with a clean capital structure and funding for future acquisitions to accelerate growth. Foundry Group partner and co-founder Brad Feld will join Vendasta’s board of directors as part of the deal.
Fasken acted for Foundry Group in its capacity as lead investor in this financing with a team led by Will Shaw and including Chris Dittrich, Alec McIlwraith-Black, Brad Schneider and Samuel Kalmakoff.
Jurisdiction
- Ontario
