Ontario construction software firm Bridgit raises $6.2-million GlobeSmallBiz
that will bring its total new capital to $7.75-million. Bolstered by this new financing, chief executive Ms. Brodie and chief operating officer Ms. Lake plan to deepen their research-and-development efforts and expand further into their biggest market: the United States.
But the pair still wanted to validate the business idea. They returned to London and began “crane hunting” in Ms. Brodie’s mother’s convertible Chrysler Sebring. They soon discovered that workers on a job site were more enthusiastic about making their jobs easier than a room full of startup experts had been.
Enthralled by the Waterloo Region’s startup scene, the pair moved there in late 2013. Within a few years, they spent time with University of Toronto’sand raised $2.2-million in seed financing, led by Chicago’s Hyde Park Venture Partners with participation from Vanedge. They also made fans at BDC, which has been an investor since Bridgit’s preseed days.
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