Montreal-based Connect&GO has secured financing of $4M to support its position as a leader of technologies for the leisure and attractions industries. The company, which specialises in RFID wristbands for the leisure and attraction industries, has already raised over $10M of financing in the last year.
Connect&GO expects this most recent round of financing to allow it consolidate its leadership position internationally by, among other things, making various acquisitions and continuing to develop its latest technological platform, which was deployed this summer at Super Aqua Club in Pointe-Calument and is set for deployment at two other major Canadian leisure attractions.
“We are living in an unprecedented time for our industry. I am very proud that we managed to make the difficult decisions early on, and that we received an important vote of confidence from our investors with this latest $4M financing agreement,” said Dominic Gagnon, President of Connect&GO
“Since the beginning of the pandemic, Connect&GO’s executive team has shown leadership and creativity in determining the best way for the company to navigate this crisis. It made sense for us to reinvest in the company’s growth and allow it to take on new opportunities upon relaunching,” said André Brosseau, Chairman of the Board.
All of Connect&GO’s original investors participated in this latest round of financing.