For the second time in six months, Halifax-based security intelligence company LifeRaft has drawn investment from the Canadian Business Growth Fund, or CBGF, which is backed by the country’s largest financial institutions.
The parties did not reveal the size of the round, though the press release announcing the investment said the Toronto-based fund customarily makes investments of $3 million to $20 million. They similarly didn’t reveal a funding total when CBGF made its first investment in October.
LifeRaft will use the money for sales, marketing and development of its Navigator product,