Purch, the leading source of information about consumer and small business technology, has closed a major round of funding. I am very pleased and proud to be on the board of directors.
With a $135 million investment, Canso Investment Counsel of Toronto, Canada took a minority stake in Purch. This investment gave the company a war chest for acquisitions and also gave liquidity to the founders as well as earlier investors including Village Ventures and Highway 12. ABS Capital will continue to play a major role in the company going forward.
The Purch team is led by Greg Mason, CEO, and Doug Lllewelyn, COO, who are doing an amazing job. You can read more about the round in PE Hub Canada here.