Software Company WorkJam Gets $50 Million Growth Investment

Canadian growth investors Inovia Capital and Fonds de solidarité FTQ are leading a $50 million commitment to WorkJam Inc., whose mobile technology is used to help workers take training courses, swap shifts or even seek a pay advance.

The investment, which also included participation by new investor Demopolis Equity Partners and existing backer Blumberg Capital, valued WorkJam at more than $500 million, said Steven Kramer, a company co-founder and its chief executive.

Read More