On June 28, 2021, Alida completed its $12.3 million debt financing from Comerica Bank’s technology and life sciences division. The financing will be used to accelerate its new product development-focused growth strategy. Alida will also use the funding as working capital to build on its recent growth, add to its team and expand in Vancouver, Toronto and globally.
Alida, formerly known as Vision Critical, is a Toronto-based customer experience management software firm specializing in servicing the financial services, healthcare, retail and technology sectors.
Osler, Hoskin & Harcourt LLP advised Alida with a team consisting of Martha Martindale and Tom Budziakowski (Financial Services).