St. John’s-based ClearRisk, which provides risk-management software, is hoping to accelerate its recent 30 percent annual growth rate on the back of a $2.5 million round of growth capital and a few landmark sales.
The company said Monday its bank account recently swelled by $3.3 million due to the fundraising exercise and three large sales that add up to $800,000.
The growth capital is mainly a $1.65 million loan from the Business Development Bank of Canada. The remainder is $300,000 in equity investment from existing shareholders, a grant from the government of Newfoundland and Labrador,