News Summary

Montréal-based Valsoft Corporation, a vertical software rollup company, has successfully raised a $150-million USD ($216.7-million CAD) growth equity round. This funding is aimed at acquiring and scaling vertical software companies across diverse industries and geographies. The strategic financing round was led by Portage Capital Solutions with participation from Propelr Growth and Viking Global, which previously acquired a minority stake in Valsoft. Founded in 2015 by Sam Youssef and Steph Manos, Valsoft has built a portfolio of companies in over 40 verticals, including IT, retail, aviation, education, and logistics. The company plans to use the new funds to expand its portfolio, support new product launches, and increase its global reach. Valsoft has been actively acquiring companies, with 19 acquisitions announced in 2024, including two Canadian firms. The company operates these businesses under its Aspire Software division, providing them with additional support and expertise.