Elastic Path Raises 43 Million To Help Large Retailers Future Proof Their Ecommerce

Vancouver-based Elastic Path has raised a $43 million CAD Series B led by Silicon Valley-based Sageview Capital, with participation from current investors, Yaletown Partners, and BDC Venture Capital. The company’s last reported round was $10 million in follow-on funding from Yaletown and BDC in October 2015. Elastic Path plans to use the funding to invest in its sales and marketing efforts, as well as research and development. The company is also opening an office in Toronto.