K1 Investment Management has put $150m into Motorola Solutions-backed GoCanvas and reportedly acquired a majority stake in the process.
GoCanvas, a US-based app development platform backed by data communications and telecommunications equipment provider Motorola Solutions, obtained $150m in funding on Thursday from investment firm K1 Investment Management.
The transaction has given K1 a majority stake in GoCanvas, according to several press reports, though no such mention was made in the official media release and GoCanvas referred to the deal only as a “partnership” in a blogpost.
GoCanvas’ management remains with the business following the transaction.
Founded in 2008 as…
