McCarthy Capital and CIBC Innovation Banking Invest US$66M in WellnessLiving
August 16, 2022
WellnessLiving raised a total of US$66 million in August 2022, consisting of a $46 million minority investment led by McCarthy Capital and $20 million in growth financing from CIBC Innovation Banking. The financing will fund international expansion, product development (including franchise/multi-location features) and pursue accretive acquisitions; other participants included INcapital Ventures and Halpern & Co.
- Buyers
- McCarthy Capital, CIBC Innovation Banking, INcapital Ventures, Halpern & Co.
- Targets
- WellnessLiving
- Industry
- Cloud & SaaS
- Location
- Ontario, Canada
- Transaction Type
- Growth capital
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