Bridgit raises CDN$7.75 million in new investment

Bridgit raises CDN$7.75 million in new investment


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Bridgit, the Waterloo Region company whose software helps streamline large construction projects, has raised CDN$7.75-million in new investment as its growth continues.

The investment consists of a $6.2-million Series A venture capital round led by the BDC Women in Technology Venture Fund, with involvement from the MaRS Investment Accelerator Fund, Innovation Grade Ventures, Salesforce Ventures, Sands Capital Ventures, StandUp Ventures and Vanedge Capital Partners, with a soon-to-be-completed debt financing with CIBC Innovation Banking boosting the total in new money to $7.75 million.

“We’re extremely excited to have support from so many prominent investors,” Bridgit CEO and co-founder Mallorie Brodie said, adding that “2019 is going to be a big year for Bridgit, as we work towards adding to our software suite, and updating the Bridgit brand our customers know and love.”