TORONTO—Cybersecurity startup eSentire Inc. said it raised $14 million from a group led by Edison Partners and Georgian Partners, the latest sign of continued investment interest in early-stage Canadian companies.
The funding is one of at least three underway so far this year, continuing momentum gained last year. Both the number and value of venture-capital investments rose in the first nine months of 2015 from the same year-earlier period, according to the Canadian Venture Capital and Private Equity Association.
eSentire’s financing comes after Canadian video-software company Vidyard last month raised $35 million, and Hubba Inc., an e-commerce startup, said it was on track to raise $45 million.
The deals suggest that signs of slowing funding for U.S. startups isn’t hampering the ability of Canada’s early-stage companies to raise money. For the full article click here
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