Elastic Path Raises CDN$12M in Financing

Elastic Path Software Inc., a Vancouver, Canada-based digital commerce company, raised CDN$4m in equity financing.

The backer was Yaletown Venture Partners. The vc deal follows an $8m debt facility Elastic Path secured with Wellington Financial LP, in June.

The company intends to use the funds to pursue new business and strategic opportunities in the ecommerce software and API commerce markets.

Led by Harry Chemko, CEO, Elastic Path builds ecommerce software that allows businesses to create customer experiences that are designed to drive engagement and conversion for every touchpoint including websites, apps, APIs, etc.

Clients include Google, Pearson, Symantec, Time Inc., and Virgin Media.




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