On November 26, 2020, Tulip announced it secured its growth capital financing by BDC Capital. Tulip will use the financing as capital to accelerate research and development, grow its sales, and further expand into global markets. The financing will allow Tulip to invest in product and market development as well as future acquisitions.
Tulip is a cloud-based software provider focused on omnichannel mobile solutions for retail stores.
BDC Capital, a subsidiary of BDC, offers specialized financing, including venture capital, equity as well as growth and business transition capital.
Osler, Hoskin & Harcourt LLP advised Tulip with a team consisting of Chad Bayne, Justin Dharamdial, Theresa Donkor (Emerging and High Growth Companies), Dana Saric and Steven Marmer (Financial Services).