Oversubscribed round indicates high investor confidence in the firm as it prepares to go public later this year, company says.
Martello announced last month that it would pursue a public listing on the TSX Venture Exchange.
Petten was a founding member of Kanata’s L-Spark SaaS accelerator and served as its director of marketing for the past four years.
CEO John Proctor says the public listing, alongside a multimillion-dollar private placement round, will fuel an "aggressive growth strategy" for the firm
The firm is looking at a potential initial public offering in 2018.
Blockchain and AI are a few of the emerging technologies underpinning Ottawa’s high-potential tech firms
Kanata-based Martello Technologies is one of Ottawa’s fastest-growing companies, leading local firms on last year’s Profit 500 list of Canada’s rising firms.
Outgoing CEO Bruce Linton will remain active within the firm and become Martello’s co-chairman of the board alongside Terry Matthews.
Year two of SaaS North nearly doubled the exhibitors’ space and inspired a fresh crop of startups, but organizers and attendees say the Ottawa-based conference has a bigger ambition: Turning global…
Fresh off Martello Technologies’ listing on the Profit 500 list, CEO Bruce Linton told Techopia Live the coming year will likely see the firm make an acquisition or two and possibly even launch a…