Emerging and High Growth Companies

ProShop ERP (Adion Systems Inc.) in its CAD$42 million growth investment from Mainsail Partners

ProShop ERP
Key Contact
Mark Longo

Vancouver Managing Partner, Vancouver

Team
Riley Graydon

Associate, Emerging and High Growth Companies, Vancouver

Michelle N. Wong

Associate, Emerging and High Growth Companies, Vancouver

Sylvia Rowat

Associate, Emerging and High Growth Companies, Vancouver

Laura Webb

Partner, Emerging and High Growth Companies, Vancouver

Dov Begun

Partner, Tax, Toronto

Alina Tamm

Associate, Tax, Vancouver

Abigail Omale

Associate, Employment and Labour, Vancouver

On July 19, 2023, ProShop ERP announced the closing of their CAD$42 million growth equity investment from Mainsail Partners. The company plans to utilize the funding to expedite product development and market expansion.

ProShop ERP is a Vancouver-based provider of enterprise resource planning (ERP) software for precision manufacturing companies in several industry verticals, such as the defence, aerospace, medical and space industries.

Mainsail Partners, based in Austin and San Francisco, is a growth equity firm that focuses on bootstrapped SaaS companies. Mainsail has raised over US$2.2 billion in committed capital and invested in more than 70 companies.

Osler, Hoskin & Harcourt LLP advised ProShop ERP with a team consisting of Mark Longo, Riley Graydon, Michelle Wong, Sylvia Rowat and Laura Webb (Emerging and High Growth Companies), Dov Begun and Alina Tamm (Tax), Abigail Omale (Employment) and  Katherine Rusk (Technology).

Value
$42 million
Date Closed
July 19, 2023
Lead Office
Vancouver
Key Contact
Mark Longo

Vancouver Managing Partner, Vancouver

Team
Riley Graydon

Associate, Emerging and High Growth Companies, Vancouver

Michelle N. Wong

Associate, Emerging and High Growth Companies, Vancouver

Sylvia Rowat

Associate, Emerging and High Growth Companies, Vancouver

Laura Webb

Partner, Emerging and High Growth Companies, Vancouver

Dov Begun

Partner, Tax, Toronto

Alina Tamm

Associate, Tax, Vancouver

Abigail Omale

Associate, Employment and Labour, Vancouver