Canadian Business Growth Fund Makes Minority Investment in Proposify

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.

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.

PayProp Raises Growth Investment from Accel-KKR, Rational Expectations and BetterHome

December 15, 2022

Payments & Fintech

PayProp, a cloud payments and reconciliation platform for the property management industry, raised a significant growth investment from a consortium including Accel-KKR, Rational Expectations, BetterHome, and participation from founders and management. The funding will support product innovation, infrastructure build-out and expansion into new and existing markets including the UK, South Africa, Canada and the United States.

Providence Strategic Growth Invests in Next Glass

April 23, 2020

Cloud & SaaS

Providence Strategic Growth (PSG), the growth-equity affiliate of Providence Equity Partners, has made a significant growth investment in Next Glass to accelerate product innovation, go-to-market expansion and support strategic add-on acquisitions. The funding will bolster Next Glass's consumer platforms (Untappd, BeerAdvocate) and its SaaS products (Untappd for Business, Untappd Marketplace) and establish a small-to-medium business support fund for COVID-19 relief.

H.I.G. Growth Partners Invests $72M in ProsperOps

February 23, 2023

Cloud & SaaS

H.I.G. Growth Partners led a $72 million growth investment in ProsperOps, an autonomous cloud cost optimization (FinOps) platform. The capital will be used to scale ProsperOps' platform, engineering and go-to-market teams and expand beyond AWS to additional cloud providers.