Blackline Safety Recurring Revenue Business Model Enables New $15M Financing Facility From National Bank of Canada
Amount Raised
$15 Million
Round Type
Funding Round
MontrealFinancial ServicesFinanceFintechLendingDescription
Blackline Safety Corp. (TSX.V: BLN), a technology company with recurring revenue and a strong working capital position, today announced the recent closing of a financing facility offer of $15 million with National Bank of Canada. The company worked with the Bank’s Technology and Innovation Banking Group, which offers specialized support to fast-growing technology businesses across Canada. This new credit instrument further increases Blackline’s financial flexibility beyond its current enhanced capitalized position following the closing of a Brokered Private Placement in September 2020.
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