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Ada Raises $130M Series C Round at a $1.2B Valuation to Revolutionize the Automated Customer Experience (ACX)
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Funding to Fuel Ada’s Next Phase of Growth as it Empowers the World’s Leading Digital Companies to Deliver Meaningful Brand Interactions at Scale TORONTO (PRWEB) May 07, 2021
Ada, the leader in Automated Customer Experience (ACX), today announced a $130M Series C financing led by Spark Capital, with participation from Tiger Global. Existing investors Accel, Bessemer, FirstMark, Version One, and Burst Capital are all participating. This Series C financing brings the company’s total funding to $200M with a valuation of $1.2B. As organizations continue to realize that departmental silos and fragmented customer data are hurting customer relationships, they are looking to extend automation across the entire customer journey. Ada’s CX platform is powered by world-class automation and conver
goeasy Ltd. (TSX: GSY), (“
goeasy” or the “
Company”), a leading full-service provider of goods and alternative financial services, announced today the successful completion of the acquisition of LendCare Holdings Inc. (“
LendCare”), a Canadian point-of-sale consumer finance and technology company, from LendCare’s founders and CIVC Partners (the “
Acquisition”) for $320 million, excluding closing adjustments, payable in a combination of cash and $10 million in common shares issued to LendCare’s founders as part of their consideration.
Announced on April 12, 2021, the Acquisition of LendCare is expected to accelerate goeasy’s growth in the consumer credit market through the expansion of its product range and point-of-sale distribution platform. Founded in 2004, LendCare is one of Canada’s leading point-of-sale financing providers, with approximately 3,000 merchant, OEM and distributor relationships nationwide. Through its proprietary origination software,