Prune Shada
๐ค SpeakerAppearances Over Time
Podcast Appearances
It was actually primary and secondary combined.
It was actually $100 million round.
So some of that capital was used for this acquisition.
Some of that capital was secondary.
Some of that capital actually went on the balance sheet.
Less than 50, yes.
And this is a pretty significant transaction.
We had looked at this transaction while we were raising money.
We kind of knew that we were in due diligence with this team.
So this was sort of one of the drivers
if you will.
So this gives us a chance to expand into a big market in terms of talent, Toronto.
Then it also actually allows us to be full spectrum, all kinds of board meetings, like I summarized.
And then it also gives us a chance to actually expand quickly.
Remember, last year, we were still in COVID times, which means if you had to add 30, 40, 50 people, it's extremely hard to
you know, recruit people while you're all remote.
So this was a good chance to find a team that can actually help us bulk up quickly since we were seeing, you know, tremendous growth overall.
eScribe deal was August, you know, so it's coming up actually.
You know, I don't know if I can actually, you know, share the revenue multiple, but I say actually, you know,
There was some, I would say, similar multiples.