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Caisse investing in cloud data platform, PSP in biotech company


Michael McKiernan
The Caisse de dépot et placement du Québec will join the board of cloud data company Druva Inc. as part of an agreement to invest US$100-million in the firm.
The pension plan is the lead investor in Druva’s US$147-million growth round, which also saw participation from existing shareholders, according to a press release.
“The team has developed both a robust subscription-based business model and a solid customer base. With this transaction, we are delighted to support the strong growth of a company whose products are increasingly essential based on the acceleration of enterprise cloud adoption,” said Martin Laguerre, the Caisse’s executive vice-president and head of private equity and capital solutions, in a press release. ....

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