COVID-fuelled growth sees EdTech startup Showbie raise $7.5 million CAD Series A extension
Edmonton-based hybrid learning platform Showbie has added $7.5 million CAD to its Series A as the startup aims to take advantage of the accelerated adoption of new classroom technologies due to the pandemic.
The fresh capital brings Showbie’s total funding for its Series A round to $12.5 million. The startup initially raised a $5 million Series A round last August that was led by Rhino Ventures.
Investors in the extension, which closed in late December, include new funding from ATB Private Equity, along with participation from existing investors and debt financing from RBC. To date, the company has raised $16.5 million total.