Canadian firm Valsoft Corporation Inc. has successfully secured US$170 million in growth funding, with leading investments from Coatue and Viking Global Investors. The funding is aimed at accelerating the expansion of Valsoft's portfolio and reinforcing its global leadership in the vertical software sector. Valsoft, having doubled its business size in the past 24 months, is poised for a new phase of growth. CEO Sam Youssef anticipates that the funds will expedite the execution of their strategic plan, capitalizing on market dynamics and the effectiveness of their portfolio strategy in delivering enhanced value for their companies and customers.
Valsoft's strategy involves shaping a portfolio of software companies into leaders by identifying robust, established businesses with growth potential. The company creates an entrepreneurial environment to boost performance and competitiveness. Aaron Weiner, Managing Director of Coatue, expresses enthusiasm for participating in Valsoft's growth, acknowledging the company's impressive track record in acquiring and growing its portfolio. Youssef emphasizes Valsoft's unique model, which focuses on long-term partnerships without predefined investment horizons, creating enduring value and fostering sustainable growth over time.