Canada: Connect&GO Secures Financing of 4M CND to Consolidate Market Position
The Montreal-based company Connect&GO, which specializes in RFID wristbands for the leisure and attractions industries, has raised some four million CND (approx. 2.6 million EUR) in its recent round of financing from its investors. With this new financial resources, the company aims at further consolidating its market position by, among other things, making various acquisitions and continuing to develop its latest technological solutions.
“We are living in an unprecedented time for our industry. I am very proud that we managed to make the difficult decisions early on, and that we received an important vote of confidence from our investors with this latest $4m financing agreement,” says Dominic Gagnon, President of Connect&GO.
André Brosseau, Chairman of the Board, adds: “Since the beginning of the pandemic, Connect&GO’s executive team has shown leadership and creativity in determining the best way for the company to navigate this crisis. It made sense for us to reinvest in the company’s growth and allow it to take on new opportunities upon relaunching.” (eap)