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Announced

Completed

Investissement Québec led a CAD35m Series B round in Potloc.

Financials

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Transaction Value£22m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Private Equity

marketing

Acquisition

Completed

technology company

Single Bidder

Digital Services

market research

Cross Border

Friendly

Canada

Minority

Venture Capital

Synopsis

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Investissement Québec, a go-to partner for foreign and Québec-based businesses, led a CAD35m Series B round in Potloc, the research technology company, with participation from First Ascent Ventures, Brightspark Ventures, Desjardins Capital, Cap Horn, EcoFuel, BDC Capital's Seed Fund and CIBC Innovation Banking. The funding will be used to accelerate its go-to-market strategy in North America and Europe and further develop Potloc's machine learning-driven social media sampling technology that dramatically improves the quality of first-party data acquired through consumer surveys. Potloc's unique differentiator is its unique niche targeting capability to survey consumers and professionals no one else can.

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