Who: TeamBuy.ca, which offers group buying services in Canada.
How Much: $5-million from existing investors. Last July, the Toronto-based company raised $7-million last July from an institutional investor.
The Quote: “We’ve re-imagined the daily deal business model to fit a customer who is demanding more comprehensive and customized shopping,” said Ghassan Halazon, CEO, TeamBuy.ca. “Our current vertical offerings already account for nearly 35 per cent of our business and with the launch of the new Kids & Baby and Home sections on TeamBuy, we anticipate that this will rise to at least half of our overall product mix in the year ahead.”
Subscribe to "This Week in Canadian Startups"
A weekly newsletter delivered to your inbox!
