What is Reach?
Founded in 2013 and headquartered in Calgary, Alberta, Canada, Reach operates as a specialized cross-border payments platform. The company's core offering is designed to simplify international e-commerce for businesses by enabling them to process global payments and establish connections with shoppers worldwide. Reach achieves this by integrating with a variety of local payment methods, allowing end-consumers to complete transactions using familiar and trusted options. This approach significantly enhances the international shopping experience, reducing friction and increasing conversion rates for e-commerce merchants operating across borders.
How much funding has Reach raised?
Reach has raised a total of $30M across 1 funding round:
Corporate Investment
$30M
Corporate Investment (2022): $30M with participation from Bluesky Equities, Vistara Growth Partners, and Tribune Capital
Key Investors in Reach
Bluesky Equities
Bluesky Equities is a private investment management company based in Calgary, Alberta, with a diverse portfolio spanning energy, real estate, technology, and venture capital. They invest in companies at various stages, taking a long-term view on business prospects.
Vistara Growth Partners
Vistara Growth Partners is a firm focused on business development, sales, and capital raising for technology companies. With extensive experience in venture capital and startups, they provide hands-on strategic guidance to drive rapid growth and market disruption.
Tribune Capital
Tribune Capital is a Calgary-based venture capital firm that partners with management teams to achieve significant growth. They offer patient capital and leverage their experience and relationships to support portfolio companies across various industries.
What's next for Reach?
The substantial enterprise-level funding positions Reach for accelerated expansion and further development of its cross-border payment solutions. With a focus on simplifying international e-commerce, the company is likely to leverage this capital to enhance its platform capabilities, expand its market reach into new territories, and forge strategic partnerships. The sustained investor backing, highlighted by the recent financing and the significant 2022 corporate investment, suggests a strong growth trajectory and a positive outlook for Reach as it aims to become a dominant player in the global payments landscape.
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