On March 4, 2021, Xello secured a follow-on investment round from the Canadian Business Growth Fund (CBGF). The funds will support the expansion of its college and career readiness initiatives, Xello received an initial minority equity investment from CBGF in May 2020.
Xello is a modern K-12 college, career and future readiness program that helps students achieve a deeper understanding of themselves, explore pathways, and plan for the future.
The Canadian Business Growth Fund CBGF provides long-term, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses with investments.
Osler, Hoskin & Harcourt LLP advised Xello with a team consisting of Chad Bayne, Michael Grantmyre and Chres Lee (Emerging and High Growth Companies).