Toronto-based startup ACTO has announced the $11.5 million USD ($15 million CAD) Series A round it closed in April, adding multiple US-based investors.
The $11.5 million, all-equity investment was led by Resolve Growth Partners, a Baltimore-based growth equity firm, which focuses exclusively on cutting $5 million to $30 million cheques for companies that pull in between $3 million to $10 million in recurring revenue. As part of the deal, Chris Rhodes, co-founder and managing director of Resolve, has joined ACTO’s board of directors.