TeamBuy.ca Secures $7 Million In Financing

BY: 

Dave Forde
July 29, 2011

Although it is an extremely crowed space with well over 150 group-buying services, there still seems to be a still a strong level of confidence from the investor community who is willing to finance these startups. Toronto-based TeamBuy.ca announced it has secured $7 million from an institutional investor which it will use to further grow their offering and expand into more cities.

“This new round of funding will propel our expansion plan into several more Canadian cities and help us branch into new and exciting business avenues that go above and beyond daily deals. As opposed to expanding to other countries, we have decided to stick to Canada and broaden our offerings and customer engagement locally,” said Ghassan Halazon, CEO, TeamBuy.ca.

TeamBuy.ca was originally founded in 2009.

 

 

 

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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


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