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The latest update is out from Flow Capital Corp ( (TSE:FW) ).
Flow Capital Corp. has made a US$3.0 million follow-on investment in portfolio company Congruity 360 as part of a larger equity financing round, increasing its total commitment to the data management specialist to US$8.0 million. The deal underscores Flow Capital’s confidence in Congruity 360’s leadership team and market opportunity in unstructured data management and risk mitigation, while reinforcing Flow’s role as a provider of covenant-light, founder-friendly growth capital to technology companies seeking to scale without the dilution associated with traditional equity funding.
More about Flow Capital Corp
Flow Capital Corp. is a Toronto-based, publicly listed provider of flexible growth capital, alternative debt solutions, and small equity investments for high-growth companies. Since 2018, it has financed revenue-generating, VC-backed, and founder-owned businesses in the US, UK, and Canada, typically providing $2 million to $10 million in non-dilutive capital as an alternative to traditional bank loans and equity financing. Congruity 360, one of its portfolio companies, offers an unstructured data management and risk mitigation platform, Classify360, which focuses on data classification and rapid remediation at petabyte scale without the need for outside consultants.
Average Trading Volume: 31,307
Technical Sentiment Signal: Hold
Current Market Cap: C$23.58M
For a thorough assessment of FW stock, go to TipRanks’ Stock Analysis page.