Canadian Business Growth Fund Invests in Appficiency Inc
February 10, 2026
Appficiency Inc., a global IT consulting firm and software business, announced it received a minority equity investment from the Canadian Business Growth Fund (CBGF). The funding is intended to accelerate AI innovation, expand Appficiency’s delivery capabilities, and support growth across enterprise technology platforms including Oracle NetSuite, Salesforce, and Microsoft.
- Targets
- Appficiency Inc.
- Industry
- IT Services
- Location
- Ontario, Canada
- Transaction Type
- Growth capital
Explore More
Related Acquisitions
-
FTV Capital Makes Growth Equity Investment in FundApps
July 15, 2025
Cloud & SaaS
FundApps, a London-based RegTech SaaS provider, received a significant growth equity investment from FTV Capital to accelerate product innovation, expand its platform and pursue opportunistic inorganic growth. The transaction represents a full exit for existing investor Scottish Equity Partners; financial terms were not disclosed.
-
Canadian Business Growth Fund Invests $10M in Kudos
December 6, 2021
Cloud & SaaS
The Canadian Business Growth Fund (CBGF) made a $10 million minority growth equity investment in Calgary-based Kudos, an employee recognition and people-analytics SaaS platform. The capital will support Kudos' global expansion and accelerate hiring—Kudos expected to double headcount to about 120 employees across Calgary and Canada by the end of 2022.
-
Canadian Business Growth Fund Makes Minority Growth Investment in Stephano Group
September 29, 2021
Food & Beverage
The Canadian Business Growth Fund (CBGF) has made a minority growth equity investment in Stephano Group Ltd., a family-owned Canadian CPG food manufacturer headquartered in Etobicoke, Ontario. The capital will be used to expand sales and marketing, corporate infrastructure, and manufacturing capacity as Stephano pursues growth across Canadian and U.S. retail and foodservice channels.
-
Apax Acquires Significant Stake in Efficy Group
September 7, 2021
Cloud & SaaS
Apax has acquired a significant stake in Efficy Group, a Brussels-based SaaS CRM vendor, investing alongside Efficy founders and existing investor Fortino Capital to support the company's organic growth and buy-and-build strategy across Europe. The investment will help Efficy accelerate acquisitions and expand its footprint as it pursues its strategic plan to scale market share in the independent European CRM market.
-
Canadian Business Growth Fund Makes Minority Investment in Proposify
June 9, 2020
Cloud & SaaS
The Canadian Business Growth Fund (CBGF) has made a minority equity investment in Nova Scotia–based proposal-management SaaS company Proposify. The funding is intended as patient growth capital to help Proposify scale its business, prepare for future growth, and expand its market reach.
-
Canadian Business Growth Fund Invests in MaxSold
June 2, 2020
E-Commerce
Canadian Business Growth Fund (CBGF) completed a growth equity investment in MaxSold Incorporated to accelerate the downsizing and estate-sale marketplace’s growth and cross-border expansion. The funding will support market expansion, product investment and increased scale across Canada and the United States.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.