Toronto-based venture debt firm Espresso Capital has announced the opening of its new Montreal office.
“Without question, there is huge potential in Quebec,” said Jean-Michel Domard, Espresso Capital’s director of eastern Canada. “The ecosystem has grown considerably in recent years and is now one of the most active in Canada.”
Launched in 2009, Espresso Capital provides flexible and non-dilutive funding options to Canada’s tech industry, including funding to over 240 Canadian SaaS companies and other technology firms. With the opening of the Montreal office, Espresso will be looking to expand its client base in Quebec and to support growth of the technology sector in the province.
“We are very excited to be establishing our Montreal office,” says Alkarim Jivraj, the CEO of Espresso Capital. “This is a very important step for Espresso. We see enormous momentum in Quebec, and with Jean-Michel we feel we have the right leader to build what we hope will become the leading independent venture debt provider to the next generation of world-leading companies in the province.”