Parties
Company
Solink
Company
Goldman Sachs Asset Management
On July 25, 2023, Ottawa-based Solink closed a $60 million USD Series C funding round to scale its video surveillance software globally. The round was led by Goldman Sachs Asset Management’s Growth Equity business, with participation from OMERS Ventures, BDC Capital’s Information Technology Venture Fund, and ScaleUp Ventures. This financing brought Solink’s total funding to $90 million USD.
Solink’s CEO Michael Matta highlighted the growing demand for cloud-based solutions, noting that the market is transitioning away from on-premise technology. Solink’s platform offers businesses real-time access to video footage paired with point-of-sale data, leveraging AI to enhance security and operations.
The company serves 18,000 customer locations across 15 countries, including prominent clients like Tim Hortons and The Container Store. Solink’s software supports 300,000 cameras, up from 50,000 in 2020.
Legal advisors for the transaction included Osler, Hoskin & Harcourt LLP representing Solink and Cassels Brock & Blackwell LLP representing Goldman Sachs Asset Management.
Deal Type
Financing/InvestmentIndustry
Tech/Computer/ITTransaction
$ 79,200,000Deal Status
ClosedClosing Date
25 July 2023