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Elsewhere Partners Promotes Michael Massad to Vice President
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AUSTIN, Texas, May 5, 2021 /PRNewswire/
Elsewhere Partners today announced the promotion of Michael Massad to the role of Vice President where he will co-lead diligence and execution for new investments, and oversee the firm s marketing and business development efforts.
Massad is part of Elsewhere s growing team of venture capital experts focused on investing in capital-efficient B2B software companies outside of traditional venture capital hubs. He joined the firm in 2017, working as a part-time Venture Fellow during graduate school and rising through the ranks as a full-time Associate and Senior Associate.
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With Fortune 500 clients, revenue growth, Tasktop raises $126 million CAD in growth equity
Tasktop has raised $126 million CAD ($100 million USD) in growth equity financing, following several years of significant growth for the Vancouver-based SaaS startup.
The round was led by Sumeru Equity Partners, a growth equity firm headquartered in California. Tasktop’s previous investors, Yaletown Partners and Elsewhere Partners, also participated as part of the round. To date, the firm has raised $130 million USD.
“It has been just an absolutely amazing feeling to see the market really wake up to this problem.”
The raise comes after years of scaling, which has led Tasktop to amass an impressive roster of Fortune 500 clients, revenue growth, and a team nearing 200 people. The startup is looking to use the funding to continue this growth trajectory.