On March 9, 2023, Zenhub announced the closing of a $10 million Series A financing round. The round was led by Yaletown Partners Inc. with participation from BMO Capital Partners and existing investor, BDC Capital.
The funding will allow Zenhub to advance its project management platform.
Yaletown Partners Inc., headquartered in Vancouver, Canada, is a venture capital firm specializing in early stage, growth stage and emerging growth companies at a post-startup growth stage.
BDC Capital is the investment arm of BDC and Canada’s largest venture capital investor.
BMO Capital Partners is a Canadian-based investor, part of the BMO Financial Group, which invests across a broad range of industries to support companies in all stages of growth, with acquisitions, buyouts, expansions, restructurings and growth capital.
Zenhub is a project management platform used by over 8,000 software development teams to plan, track, and prioritize their work. Zenhub is purpose-built for teams to stay close to their codebase using native integrations, which eliminates data inaccuracy and makes it easier for collaboration across an organization.
Osler, Hoskin & Harcourt LLP advised Yaletown Partners, BDC Capital and BMO Capital with a team consisting of Mark Longo, Laura Webb, Riley Graydon, and Jenny Lee (Emerging and High Growth Companies).