Modest Tree, a Halifax company that makes easy-to-create online training solutions, has received a strategic investment from Augsburg, Germany-based Renk, a member of the Volkswagen group.
The companies announced the investment in a statement last month, though they did not give the details of the transaction. They said Renk has been a client of Modest Tree for some time, and the two companies will now work together to expand Modest Tree’s business. It is believed to be the first time the Modest Tree founders have sold equity in the company.
“Supported by a strong partner who has a clear