Predict your next investment

Venture Capital
FINANCIAL | Investment Firms & Funds
plazaventures.ca

See what CB Insights has to offer

Investments

27

Portfolio Exits

5

Funds

3

About Plaza Ventures

Plaza Ventures is a growth-stage technology investor with a mandate to provide growth fuel and advice for promising Canadian companies.

Plaza Ventures Headquarter Location

10 Wanless Avenue Suite 201

Toronto, Ontario, M4N 1V6,

Canada

416-481-2222

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Plaza Ventures News

Busbud Raises $15 Million Series C for Worldwide Expansion of Intercity Bus Travel Marketplace Amid COVID-19 Pandemic

Sep 30, 2020

Busbud Raises $15 Million Series C for Worldwide Expansion of Intercity Bus Travel Marketplace Amid COVID-19 Pandemic The equity round is led by the Canadian Business Growth Fund (CBGF) and Investissement Québec (IQ). New investors also include Export Development Canada (EDC), BDC Capital and Singapore-based K3 Ventures, along with current investors Inovia, Plaza Ventures, and Claridge increasing their investment. MONTREAL, September 29, 2020-- Busbud , the online marketplace that enables global travelers to shop for and book intercity bus tickets on over 2.3 million bus routes worldwide, today announced the close of a $15M CAD (US$11.5M) Series C equity funding. This latest round brings total fundraising to date to $40M CAD (US$30M). The Series C funds will be used to fuel technology development, further grow the team and accelerate geographic expansion. "We believe that Busbud's leadership team possesses the skills and experience to execute on their vision to continue to grow the leading global bus travel aggregator and booking provider," George Rossolatos, CEO of CBGF explains. "We are proud to partner with LP, and have Busbud as our first investment in Quebec and hope to do more in the province". "Busbud continues on its impressive growth path, and Investissement Québec is proud to join forces with a group of experienced investors to give the company the flexibility it needs to accelerate that growth. Despite the unstable climate facing the tourist transport industry, Busbud's dynamic team is favourably positioned to continue developing its technology and diversifying its global markets," stated Guy LeBlanc, President and CEO of Investissement Québec. "This is a fantastic development for the company. This is obviously a challenging macro environment for the travel industry, but this fundraising shows the resilience of the leadership team and the continued high-growth potential of the business. Busbud's engineering team has been heads down building an exciting pipeline of new product features in the past 5 months. We've backed the company since day one, and we are thrilled for this next chapter", says Magaly Charbonneau, Partner at Inovia, one of Canada's leading VC funds. As part of the transaction, Hai Tran-Viet, Senior Investor at CBGF will join Busbud's board of directors, bringing 20 years of experience in private equity. The board also includes Erik Blachford, former CEO of Expedia and Venture Partner at TCV as well as Philippe Vimard, former CTO/COO of publicly-listed eDreams/ODIGEO Travel Group and current CTO of Doctolib, the No. 1 booking platform for doctors in Europe. Busbud continues on its impressive growth path. With revenue growth at 110% Y/Y pre-COVID, the company has also diversified its activities in 80 countries, which will allow continued growth even amidst the COVID-19 pandemic. With a mix of international and local travellers using Busbud's mobile website and app, Busbud is well positioned to benefit from the rise of in-country travel as travel restrictions gradually ease up around the world until a fuller recovery. "We continue full speed ahead on our quest to make sense of this huge and fragmented intercity bus travel market, which boasts more passengers than air travel, while being widely overlooked by the travel industry. We've built deep expertise integrating with bus back-end systems around the world. Working together with our bus industry partners, we believe we can keep translating this expertise into a delightful experience for bus travellers worldwide", added CEO & Co-founder LP Maurice. Earlier this year, Busbud recruited two seasoned executives to its leadership team: Andrew Boch as COO, who was previously COO at Hopper and Boston based LevelUp (acquired by GrubHub), and Richard Cohene as CMO, who was at Facebook and brings to Busbud 15 years of experience in digital marketing. About: Busbud : Busbud is an online marketplace that enables global travelers to shop for and book intercity bus tickets on over 2.3 million bus routes worldwide. Available in 17 languages, the company's convenient and secure booking website and app offer the ability to search, compare and buy tickets from over 3,900 bus companies in 16,000 cities across 80+ countries, supporting transactions in 30 currencies. Co-founded in 2011 by longtime friends LP Maurice (CEO), Michael Gradek (CTO) and Frédéric Thouin (CPO), the company currently has 50 employees and is based in Montreal, Quebec. It is backed by investors including the Canadian Business Growth Fund (CBGF), Investissement Québec (IQ), Inovia, OMERS Ventures, Real Ventures, Revolution Ventures, Plaza Ventures, FJ Labs, Export Development Canada (EDC), Claridge, Teralys Capital, K3 Ventures and BDC Capital, as well as angel investors who have served as key executives at Expedia, Google, Facebook, Airbnb and TripAdvisor. Experience travel with Busbud at https://www.busbud.com. Canadian Business Growth Fund (CBGF): Launched in 2018, the Canadian Business Growth Fund (CBGF) provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses in Canada with investments between $3 and $20 million. An evergreen investment fund with capital commitments of $545 million from Canadian financial institutions, CBGF is committed to long-term partnerships with the companies it invests in. As part of its mission to drive growth, CBGF connects its partner businesses to its broad network of experienced business leaders, sector experts and international relationships to help them achieve their full potential. For more information: www.cbgf.com and @CBGFinvestments. Investissement Québec (IQ): Investissement Québec's mission is to play an active role in Québec's economic development by spurring business innovation, entrepreneurship and business acquisitions, as well as growth in investment and exports. Operating in all the province's administrative regions, the Corporation supports the creation and growth of businesses of all sizes with investments and customized financial solutions. It also assists businesses by providing consulting services and other support measures, including technological assistance available from Investissement Québec – CRIQ. In addition, through Investissement Québec International, the Corporation also prospects for talent and foreign investment and assists businesses with export activities.

Plaza Ventures Investments

27 Investments

Plaza Ventures has made 27 investments. Their latest investment was in Busbud as part of their Series C on September 9, 2020.

CBI Logo

Plaza Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/29/2020

Series C

Busbud

$15M

No

BDC Capital, Canadian Business Growth Fund, Claridge, Export Development Canada, Inovia Capital, Investissement Quebec, and K3 Ventures

2

1/27/2020

Series D

iguazio

$24M

Yes

INcapital Ventures, Kensington Capital Partners, Magma Venture Partners, Pitango Venture Capital, Samsung SDS, Silverton Partners, and Verizon Ventures

27

6/9/2019

Unattributed

Ruiz Strategies

$0.63M

Yes

1

2/16/2018

Series A

Subscribe to see more

$99M

Subscribe to see more

10

1/30/2018

Secondary Market

Subscribe to see more

$99M

Subscribe to see more

10

Date

9/29/2020

1/27/2020

6/9/2019

2/16/2018

1/30/2018

Round

Series C

Series D

Unattributed

Series A

Secondary Market

Company

Busbud

iguazio

Ruiz Strategies

Subscribe to see more

Subscribe to see more

Amount

$15M

$24M

$0.63M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

BDC Capital, Canadian Business Growth Fund, Claridge, Export Development Canada, Inovia Capital, Investissement Quebec, and K3 Ventures

INcapital Ventures, Kensington Capital Partners, Magma Venture Partners, Pitango Venture Capital, Samsung SDS, Silverton Partners, and Verizon Ventures

Sources

2

27

1

10

10

Plaza Ventures Portfolio Exits

5 Portfolio Exits

Plaza Ventures has 5 portfolio exits. Their latest portfolio exit was Mobify on September 05, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/5/2020

Acquired

6

00/00/0000

Subscribe to see more

Subscribe to see more

$991

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

Date

9/5/2020

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$991

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

6

10

10

10

10

Plaza Ventures Fund History

3 Fund Histories

Plaza Ventures has 3 funds, including Quayside Venture Partners .

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/6/2019

Quayside Venture Partners

$10M

1

Plaza Ventures Fund IV

Subscribe to see more

$99M

10

Plaza Ventures Special Opportunity Fund I LP

Subscribe to see more

$99M

10

Closing Date

12/6/2019

Fund

Quayside Venture Partners

Plaza Ventures Fund IV

Plaza Ventures Special Opportunity Fund I LP

Fund Type

Subscribe to see more

Subscribe to see more

Status

Amount

$10M

$99M

$99M

Sources

1

10

10

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.