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Covarity Clears $3 Million Venture Capital Financing

Monday, May 11, 2009 5:50:00 AM PDT | VentureDeal Staff

Kitchener, Ontario  --  Software company Covarity has received $3 million in a new round of venture capital investment.

Covarity provides commercial loan monitoring and portfolio management solutions for the financial services industry.

Investors in the round included BDC Venture Capital, Growthworks Capital, Tech Capital Partners and VentureLink Group of Funds. The company said it would use the funding to increase its marketing in the US market.

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