Sumeru Equity leads $100 mln funding in Canada-based Tasktop

Sumeru Equity leads $100 mln funding in Canada-based Tasktop


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Tasktop Technologies Inc said on Thursday it had raised $100 million in a funding round led by technology-focused private equity firm Sumeru Equity Partners.
The company, which makes software-development tools, said existing investors and company management also participated in the round, but did not reveal the valuation at which the funding was raised.
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Sumeru Equity leads $100 mln funding in Canada-based Tasktop Back to video
Tech startups have seen their valuations soar, thanks to a boost in their business from remote working during the COVID-19 pandemic and a simultaneous boom in the stock market that pushed buyout prices in the U.S. to a record high in 2020.

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