Symend eyes global markets with $54 million CAD Series B extension led by Inovia
Fuelled by growing demand for its customer engagement platform for financially at-risk customers, Calgary-based Symend has secured a $54 million CAD ($43 million USD) Series B extension to satisfy telecommunications and financial institutions globally.
The round comes eight months after Symend secured $73 million CAD ($52 million USD) as part of its original Series B round, which clocked-in as one of the largest such rounds in recent Alberta history. The extension furthers that narrative, with Symend’s Series B now totalling $127 million CAD. The new financing brings Symend’s total funding to date to around $130 million CAD.