BDC Capital

BDC Capital in connection with Userful’s $10 million post-seed financing round

Client

BDC Capital

Value

$10 million

Service

Emerging and High Growth Companies

Date Closed

April 2022

Industry

Technology

Lead Office

Montréal

 

On April 29, 2022, Userful, a Calgary-based company that specializes in video walls, digital signage, interactive displays and desktop virtualization, announced it had completed its $10 million post-seed financing round with participation from BDC Capital’s Industrial, Clean and Energy Technology (ICE) Venture Fund, Yaletown Partners, Birchcliff Partners and Accelerate Fund. With this all-equity round, Userful will continue to build its brand and platform.

BDC Capital, the investment arm of BDC, is Canada’s largest venture capital investor.

Osler, Hoskin & Harcourt LLP advised BDC Capital with a team consisting of Nathalie Beauregard, Geneviève Burdon and Yulia Yugay (Corporate).