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Neo Financial taps big tech names Shopify, Slack in $360-million investment round

Neo Financial Technologies Inc., a Calgary-based digital bank, has announced a $360 million Series D fundraising round, consisting of $110 million of equity and $250 million of debt.

This round of funding includes investments from some of the biggest names in the Canadian technology sector, including Shopify CEO and founder Tobi Lütke, Slack founder and former CEO Stewart Butterfield, Roblox CEO David Baszucki, and PointClickCare co-founder and Executive Chair Mike Wessinger. Existing investors, including Valar Ventures, Golden Ventures, Afore Capital, and Thomvest Ventures, also participated in this round.

Company

Neo Financial

Company

Shopify

Law Firm / Organization
Shopify

Company

Slack

Law Firm / Organization
Slack

Company

Roblox

Law Firm / Organization
Roblox

Company

PointClickCare

Law Firm / Organization
PointClickCare
Financing/Investment
Tech/Computer/IT
$ 360,000,000
Closed
11 November 2024