BuildDirect Closes $50 Million Financing

Advised BuildDirect in connection with over $100 million in venture capital and similar financing activity, including its $17 million Class B financing and $50 million Common share financing On December 10, 2014, BuildDirect announced that it has closed $50 million in financing from a blend of new and existing US and Canadian investors including Mohr Davidow Ventures, OMERS Ventures and BMO Asset Management. The investment will be used to rapidly expand and scale the technology for the company's Home Marketplace, a community-based technology platform that creates a one-stop solution directly connecting buyers (consumers and subcontractors) with sellers (product manufacturers, designers, traders and shippers). Fasken Martineau is corporate counsel to BuildDirect, and was Canadian counsel to BuildDirect throughout the financing.