Vancouver's Cymax Stores Raises Growth Financing Round

Posted by Techvibes NewsDesk

Seattle's Cascadia Capital announced today that they advised on a recent growth financing round for Vancouver's Cymax.

Founded in 2004, Cymax Stores Inc. is one of the largest and fastest growing specialty etailers in North America. Cymax is focused on multiple online product categories including Home & Office Furniture, Baby & Kids, Outdoor, Home Décor, Fitness & Exercise and Travel Products.

The financing was provided by Canopy Capital Partners, a private investment firm specializing in growth capital investments in the technology, Internet and healthcare sectors.

The funds will be used to further consolidate Cymax's leadership in the online furniture and home goods market and to further grow its existing customer base.

Company:
Cymax Stores Inc
Website:
http://www.cymax.com
Location:
Burnaby, British Columbia, Canada

Cymax Stores, based in Burnaby, BC is North America's leading pure-play furniture retailer with annual sales that exceeded $100 million in 2013. With over 50,000 furniture SKUs, Cymax is a leader in online sales for all items home and office. Currently #197 on the IR 500, Internet Retailer's ranking of the Top 500 players in eCommerce, Cymax Stores has big growth goals over the next few years. Cymax operates a US... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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