Canadian web and mobile application marketplace Nobul Corporation has announced that it has tapped BMO Capital Markets and GMP Securities L.P. to lead a new round of private placement funding.
Nobul stated that this latest capital infusion is meant to supplement its growth and marketing efforts, with an eye at improving international visibility.
“We have the opportunity to make a real impact on an industry that has been averse to change for the last century,” Nobul founder and CEO Regan McGee said.
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“This latest investment will help Nobul expand into new markets and continue to develop its service offerings for an industry that has traditionally been underserved by technology,” McGee added.
The platform is slated to launch in Florida, the United States by late August, and expanding across North America up to the end of 2019. Foreign markets are planned to follow suit in 2020 and beyond.
Nobul is currently available across Canada, with a focus on urban markets in B.C., Ontario, and Alberta.
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