On May 7, 2020, Xello announced it has received a minority equity investment from the Canadian Business Growth Fund. The investment will provide Xello with capital, guidance and expertise to execute its growth plans. The funding will also help fuel continuing enhancements to its assessments, original content, integrated course planner, college application tools, forthcoming parent portal and work based learning initiatives.
Xello is an education software company specialized in helping K-12 students prepare for college, career and future success through its modern web based platform.
The Canadian Business Growth Fund provides long term, patient, minority capital to entrepreneurs to fund growth and expansion.
Osler, Hoskin & Harcourt LLP advised Xello with a team consisting of Chad Bayne, Michael Grantmyre and Matthew Griffin (Emerging and High Growth Companies).