AppDirect – a leading B2B subscription commerce platform in North America – recently announced it has secured $100 million (about CAD 136 million) in funding from global investment group CDPQ. This new funding round will support innovative financing options for technology advisors through the AppDirect Capital Invest program, enabling them to access flexible capital to transform and scale their business. Building on the initial $80 million financing from CDPQ in 2021, this new investment increases the total program funding to $180 million.
In the dynamic channel market, every technology advisor faces the decision to stay the course, seek capital to invest back into their business or consider whether the time is right to be acquired or acquire. And the AppDirect Capital Invest program supports these endeavors by combining upfront, non-restrictive capital with the power of the AppDirect Marketplace, enabling technology advisors to use the capital to scale, innovate, retain top talent, or make outside investments while maintaining 100% ownership of their business. This new funding round from CDPQ enables AppDirect to work with technology advisors on flexible capital solutions to meet their unique business needs.
KEY QUOTES:
“AppDirect is committed to providing our technology advisors with an unfair advantage. Our Invest program is purpose-built to empower our technology advisors. To keep up with today’s ever-changing market, technology merchants need fast access to capital to accelerate their growth. With AppDirect Capital, technology advisors can take advantage of innovative capital options to expand their business or invest in the future, which makes increasing access to this program all the more essential.”
— Emanuel Bertolin, Chief Revenue Officer at AppDirect
“Since our initial financing in 2021, AppDirect has demonstrated their ability to accelerate the connectivity and competitiveness of today’s businesses. As part of our partnership, this repeat investment continues to facilitate the delivery of critical solutions for the digital economy while generating stable returns for our clients.”
— Marc Cormier, Executive Vice-President and Head of Fixed Income at CDPQ
“AppDirect is dedicated to fueling innovation and growth for our advisor community. CDPQ and AppDirect have an established track record of working together, and this new investment further solidifies both companies’ commitment to the growth and transformation of AppDirect channel partners and technology advisors.”
— Nicolas Desmarais, Chairman and CEO at AppDirect
“For the last five years, we’ve grown consistently between 22% to 30% year over year. Since we partnered with AppDirect Capital Invest, we jumped 50% in a single year in profit. Think about that: not 50% in revenue, but 50% in profit. Those kinds of numbers are phenomenal. With AppDirect as a partner, we knew we’d have the ability to drive growth. And once we learned that we’d maintain complete control of our business, it was a clear path forward for us.”
— David Wallace, Co-founder and President of NXTSYS
