Saskatoon-based software startup Vendasta has secured $119.5 million CAD in funding as part of a change in plans that will see the company put its IPO on hold.

The round, which consisted entirely of primary financing, was led by New York’s Lugard Road Capital, and saw participation from Nicola Wealth, the Canadian Business Growth Fund (CBGF), and a group of other undisclosed existing investors.

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