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New Deal


Announced

Completed

Inovia Capital led a $40m funding in Symend.

Financials

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Transaction Value£33m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Friendly

Acquisition

Minority

consumer behavior

Private

Canada

Digital Services

Domestic

Venture Capital

Synopsis

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Inovia Capital, a venture capital firm, led a $40m funding in Symend, a software as a service company, with participation from Impression Ventures, Mistral Venture Partners, BDC, Plaza Ventures and EDC. ”As Symend rapidly expands and closes one of Canada’s top FinTech raises of the year, this latest financing cements its position as a changemaker within digital customer engagement. Enterprises are seeing the value of Symend through its ability to help decrease delinquencies and retain revenue while delivering a hyper-personalized approach that increases customer loyalty. The demand for Symend’s technology continues to increase and we are excited to help fuel the next phase of growth,” Dennis Kavelman, Inovia Capital Partner.

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