Mondata successfully closed a $17 million funding round led by Fonds de solidarité FTQ and including participation from Desjardins Group.
This capital will not only enable Mondata to strengthen the protection of Québec and Canadian businesses, it will also accelerate product innovation and drive related commercializing efforts. In particular, the injection of funds will facilitate the large-scale launch of “Proactive Cybersecurity,” a new product designed to reduce the risk of cybersecurity incidents arising via the TEAMS application. It will also allow Mondata to extend access to its MD.ECO platform, thereby offering an end-to-end cybersecurity ecosystem to more companies.
The Fonds de solidarité FTQ is proud to invest in a company commited to developing data security technology. Support received from Desjardins Group also helps in raising awareness and helping businesses prevent cyber attacks, by drawing attention to the importance of protecting against these risks.
Fasken advised Fonds de solidarité FTQ and Desjardins Group on this financing transaction with a team that included Vincent Laforest-Lapointe, Frédéric St-Jean and Joey Blais.
