Valsoft reloads acquisition war chest with $216.7-million CAD funding round
Summary
Montréal-based Valsoft Corporation capped off 2024 by raising a $150-million USD ($216.7-million CAD) growth equity round to continue acquiring and scaling vertical software companies. This strategic financing round was led by Portage Capital Solutions, with participation from Propelr Growth and return investor Viking Global, which acquired a minority stake of Valsoft in March 2022 for $100 million USD. Founded in 2015 by current CEO Sam Youssef and Steph Manos, Valsoft acquires and develops vertical market software companies. Valsoft added many new verticals to its portfolio in 2024, getting into telecommunications through Equinox Information Systems, life sciences through Anju Software, and media publishing through Aysling. Youssef and Manos previously founded the embattled parent company of Pornhub and other adult websites, MindGeek.