Medgate, a Toronto, Ontario, Canada-based global provider of Environmental, Health, Safety (EHS) risk management solutions, received an investment of undisclosed amount.
Backers included Norwest Venture Partners, Georgian Partners, and BMO Financial Group. In conjunction with the funding, Norwest’s Rob Arditi and Jon Kossow, Georgian Partners’ Steve Leightell, and industry veteran Shanti Atkins of NAVEX Global will join Medgate’s board.
The company intends to use the funds for product expansion, analytics innovation, and strategic acquisitions to accelerate growth and strengthen its market postion in the enterprise EHS software market.
Led by CEO Mark Wallace, Medgate provides EHS businesses with a SaaS-based solution that captures, tracks, and reports essential corporate data pertaining to environmental, health and safety management. The platform allows enterprises to measure environmental impact, mitigate workplace injuries and illnesses, and navigate complex regulatory requirements while improving organizational productivity.