Emerging and High Growth Companies

Ritual in its US$43.5 million Class B Preferred Share financing

Ritual
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Arielle Kaplan

Associate, Corporate, Toronto

Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto

 

On September 25, 2017, Ritual announced its Series B financing round of approximately US$43.5 million.

The round was led by Insight Venture Partners, and was joined by existing investors Greylock Partners, Mantella Venture Partners, Golden Venture Partners and Mistral Venture Partners.

Ritual develops a mobile application that enables individuals to order and pick up coffee and meals, and pay from their smartphones.

Osler, Hoskin & Harcourt LLP represented Ritual with a team consisting of Chad Bayne, Justin Dharamdial, and Arielle Kaplan (Corporate).

Value
US$43.5 million
Date Closed
September 25, 2017
Lead Office
Toronto
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Arielle Kaplan

Associate, Corporate, Toronto

Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto