Emerging and High Growth Companies

Fraction in its $20 million Series A financing round

Fraction
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto

Jennifer Humphrey

Associate, Emerging and High Growth Companies, Toronto

 

On October 21, 2021, Fraction announced it had completed its $20 million Series A financing round led by QED Investors and included participation from Impression Ventures, Primetime Partners, Panache Ventures, Global Founders Capital and angel investors. The proceeds from the financing will be used to expand into the United States and develop product offerings including a new Loan Origination System.

Fraction is a Vancouver-based FinTech startup specializing in its digital platform that allows homeowners to manage and diversify their home equity.

Osler, Hoskin & Harcourt LLP advised Fraction with a team consisting of Chad Bayne, Justin Dharamdial, Chres Lee and Jennifer Humphrey (Emerging and High Growth Companies).

Value
$20 million
Date Closed
October 21, 2021
Lead Office
Toronto
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto

Jennifer Humphrey

Associate, Emerging and High Growth Companies, Toronto