AppDirect gets $54 million government loan for 730 job-creator
Summary
San Francisco’s AppDirect, which employs about 190 people in its Montreal office, will take $54 million loan from Invest Quebec. The province will provide the cloud software company AppDirect with a loan of up to $54.8 million through Investissement Québec, per the Canadian Press. “AppDirect sends a strong signal by choosing Montreal,” Quebec Premier François Legault said in a statement. The expansion will make Montreal the site of AppDirect’s Canadian headquarters, with more than half of the company’s total workforce. On Tuesday, St. Jerome’s Lion Electric announced it will construct a new battery plant, armed with $100 million in cash from the Canadian and Quebec governments.
Funding
Amount
$43.8M
Total raised
Date
March 19, 2021
Announcement date
Investors
-
Lead investors
Company
http://www.apphelp.com
Funded company
Classifications
industries
Fintech & Banking
applications
Data Management
AskAI Classifications
Labels
No AI classifications detected
Linked Companies
AppHelp
$10M to $25M