OMERS Ventures, the venture capital investment arm of OMERS, one of Canada's largest pension plans, invested $2 million to Fusebill. Canada's biggest providers of venture capital investment funds, Covington Capital Corp, also took part in the investment.
The additional investment is for the leading provider of flexible and reasonable priced automated invoicing and payment services, Fusebill. The much needed finances would be used for its future plans still to be implemented. In addition the infused finances would also be used to situate the company as an important player in the budding small to medium SaaS billing and analytics area.
Chief Executive Officer of Fusebill, Steve Adams said, "Fusebill provides our customers a simple way to manage the complexities of subscription billing and invoicing. We are thrilled with the support of Covington Capital and OMERS Ventures - the investment provides us the resources to continue our rapid expansion. "
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