Foko Retail, a Gatineu, Quebec, Canada-based leader in the retail communication and task management software space, raised $3m in funding.
The round was led by BDC Capital, as well as Canada Economic Development for Quebec Regions (CED), local economic development agency ID Gatineau, and current shareholders.
The company intends to use the funds to expand its penetration in international retail markets, and further develop its current suite of products by enabling research and development.
Led by Marc Gingras, CEO, Foko Retail provides a SaaS-based communication and task management platform to 60+ global retailers like Whole Foods, New Balance, CVS and Five Below.
The company helps improve in-store execution of operations, visual merchandising and marketing tasks, as well as streamlining and centralizing team communications. It is used by more than 200,000 associates globally to complete daily tasks, access documents and team communications, as well as provide feedback from the field to headquarters.