On March 10, 2020, NorthOne announced a US$21 million Series A raise led by Battery Ventures. The financing will be used to expand NorthOne’s marketing efforts, increase the growth of its customer acquisition programs and enable NorthOne to hire more product, software engineering and customer service staff.
NorthOne is a digital banking application focused on servicing small business owners. NorthOne’s application is focused on providing users with access to multi-language customer service teams, enhanced deposit and payment features and branch-free banking.
Battery Ventures is a global investment firm focused on investments in technology firms.
Osler, Hoskin & Harcourt LLP advised NorthOne Inc. with a team consisting of Chad Bayne, Gary Marshall and Sahil Chopra (Emerging and High Growth Companies).