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Kobo raises C$50 million for international expansion

Date Closed

April 19, 2011

Lead Office

Toronto

Value

50.00 Million CAD

On April 19, 2011, Kobo Inc. announced the closing of its C$50 million investment round led by Fidelity Investments with additional funds provided by existing Kobo investors Indigo and Cheung Kong holdings. Indigo will maintain a controlling position in Kobo.

Kobo, headquartered in Toronto, Ontario, is the company that makes the Kobo eReader.

McCarthy Tétrault LLP represented Kobo, the issuer, with a team led by George Takach.

 

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