Emerging and High Growth Companies

Tulip in its US$28 million Series C financing round

Tulip

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Expertise
Emerging and High Growth Companies Technology
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto

 

On June 24, 2021, Tulip announced it had completed a US$28 million Series C financing round. Arrowroot Capital led the round and was joined by BDC Capital and existing investors. The expansion includes further plans to grow the sales and marketing team, accelerate road map development and increase global expansion.

Tulip is a cloud-based software provider focused on omnichannel mobile solutions for retail stores.

Arrowroot Capital is a global growth equity firm based in Santa Monica, CA, focused on minority, majority, and buyout investments in B2B software companies.

Osler, Hoskin & Harcourt LLP advised Tulip with a team consisting of Chad Bayne, Justin Dharamdial, Chres Lee, Theresa Donkor (Emerging and High Growth Companies) and Tiye Traore (Corporate).

Value
US$28 million
Date Closed
June 24, 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

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