BEST Funds has announced a $3 million investment into GroupBy, a ecommerce technology innovator located in Toronto.
The capital, says BEST, will allowGroupByto accelerate their sales growth and expand research and development efforts in technologies for the B2C and B2B ecommerce market.
“GroupBy is poised to become a market leader in the ecommerce space and is the type of company that can do great things with our assistance,” BEST Funds’ President John Richardson stated.
“The team here at GroupBy has used their many years of industry experience and technical prowess to create a platform that will change the way our clients interact with their clients online, we aim to create a fundamentally better user experience, by showing the right product, to the right user, at just the right moment,” Roland Gossage, CEO of GroupBy, said.
BEST Funds is a venture capital firm based in Toronto.