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.