Congratulations to portfolio company Quovo on its Series B extension, bringing Salesforce Ventures and previously announced Power Financial to the Quovo family. As the company's lead Series A investor and continued Series B investor, we are excited about the company's acceleration and enormous opportunity to provide critical financial infrastructure.
“Salesforce Ventures and Portag3 Ventures are well-established in their spaces: Salesforce pioneered the software as a service model and they’ll be an excellent resource for Quovo as we continue to expand. Portag3 is a leading investor in Canadian fintech and their strong connections have already helped us to cultivate relationships quickly in the Canadian market,” said Lowell Putnam, CEO of Quovo. “Salesforce and Portag3 bring an immense amount of strategic value to Quovo and everyone at the company is excited to have their support.” Capital from Salesforce Ventures provides additional support for Quovo’s growth plans, including executing an extensive hiring plan, relocating its headquarters to a larger space, and continuing to develop the capabilities of its technology.