Calgary, Canada, September 25, 2017. BlackSquare Inc., a leader in direct to consumer ecommerce technology for the global wine & spirits industry, today announced that as part of a larger CAD$3.5 million equity raise, it has secured a quasi-equity investment that could reach CAD$1.5 million from BDC Capital, the investment arm of BDC.
“This investment by BDC Capital will increase the growth capital available to our WineCollective group of companies, which will allow it to continue to capture an increasing share of the alcohol-related ecommerce market in Canada while at the same time establishing a substantive relationship with BDC, an important Canadian financing partner,” said Matthew Protti, BlackSquare’s Chief Executive Officer. “The investment will also allow BlackSquare to continue to evolve our technology-enabled ecommerce and logistics solutions, which currently helps wine, beer and spirits producers sell direct to their consumers on four continents globally,” he added.
“With online alcohol sales expected to increase here in Canada and abroad, BDC Capital’s financing will namely help BlackSquare to further develop its already highly scalable solution in order to capitalize on rising demand, as well as help it open up new channels here, in the U.S. and in other countries,” said Vern Malcolm, Director, Growth & Transition Capital for Southern Alberta at BDC Capital.
“BlackSquare and other companies like it are helping to diversify the Albertan and Prairies economies, which is exactly one of our aims here in the region,” added Matthew Kellow, Managing Director, Growth & Transition Capital for the Prairies at BDC Capital.
BlackSquare Inc. is a global provider of technology surrounding direct to consumer (DTC) solutions for the global wine, beer and spirits industry. Founded in 2010, BlackSquare specializes in offering a wide-array of DTC strategies from alcohol specific ecommerce and global direct to consumer sales to digital media strategies. BlackSquare powers efficient, cost-effective DTC sales for wine-producing clients on four continents.
BlackSquare’s operations includes Blackboxx, the leading wine-specific ecommerce platform, the WineCollective Group of companies which is the largest independent online alcoholic ecommerce company in Canada and Global Wine Database (gwdb.io), a central, producer controlled technology for standardized wine data. For more information visit blacksquare.io, winecollective.ca, canadacraftclub.ca and gwdb.io.
ABOUT BDC CAPITAL
With more than $2 billion under management, BDC Capital is the investment arm of BDC, serving as a strategic partner to Canada’s most innovative and high potential firms. It offers a range of equity, venture capital and flexible growth and transition capital solutions to help Canadian entrepreneurs scale their businesses into global champions. To find out more, bdc.ca/capital.
BlackSquare Investor Contact
403 648 9094