PartnerStack, a partner platform provider for SaaS, has earned $35 million CAD Series B financing to speed growth through channel sales and to expand its partnerships and repertoire. Led by New York’s 3L with participation from, Harbourvest, Whitecap Venture Partners and preexisting investor RRE Ventures, the all-equity round secures PartnerStack’s future with another year of triple digit revenue growth.

Bryn Jones, PartnerStack’s CEO said in an interview that Partnerstack decided to raise this round after seeing an increase in SaaS market partnerships.

Jones said,

COVID really accelerated the need for companies to be able to get distribution without having to get on planes, and everybody in software has turned to partnerships in the last 12 months, because it’s a new way for vendors to reach customers in the way that customers want to be reached.

Offering a partner relationship management platform, PartnerStack will increase company sales, accelerate growth and further their own partnerships. All of this started back in 2015 with a $2.4 million CAD seed round investment after graduating from YCombinator, returning to Toronto the same year.

Jones further stated,

Our decision to move back to Canada was really important. We really believed in the Canadian tech ecosystem back in 2015 and all you have to do is look at all the news that’s coming out today. The ecosystem’s thriving, and we’re super happy to be here and super excited to continue to scale up.

Read the full article here.

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