Transactions & Cases Detail



Transaction/Case Details

Tier1CRM Inc. secures US$34M investment

DATE CLOSED

December 1, 2017

BUSINESS SECTOR

Technology

LEAD OFFICE

Toronto

VALUE

34 Million USD


OVERVIEW

On December 1, 2017, Tier1CRM Inc. ("Tier1") announced that it has raised US$34 million in growth equity financing from a group of investors led by Wavecrest Growth Partners, with participation from MassMutual Ventures and Salesforce Ventures. The financing will be used to accelerate ongoing product innovation, expand Tier1’s sales and marketing capabilities, and nurture the partner ecosystem supporting ACE, Tier1’s flagship product suite.

Tier1 is a privately held company headquartered in Toronto. It provides cloud-based customer relationship management (CRM) solutions for the capital markets industry, and help its clients to compete more effectively through faster access to relevant information, improved communication and higher levels of workflow automation. 

McCarthy Tetrault LLP advised Tier1 with a team led by George Takach that included David Badour.

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