Boathouse Capital Provides Follow-On Investment in Convene
June 18, 2015
Boathouse Capital (“Boathouse”) is pleased to announce that it has completed a follow-on investment in Convene (or the “Company”) in partnership with Conversion Venture Capital and Monday Properties. The additional capital will allow Convene to open new locations and continue the build out of the Company’s operations and infrastructure.
Convene provides an outsourced model for meetings, conferences, board sessions, investor presentations, corporate gatherings and training needs. Its suite of services includes meeting and collaboration space along with staffing, audiovisual, catering and conference planning support.
“We believe we have a great opportunity to grow the Company and this round of capital provides the resources necessary to complete our objectives. Boathouse has proved to be a fantastic partner and we’re thrilled to have them on-board for our newest growth initiative,” said Ryan Simonetti, CEO of Covene.
Steve Gord, Partner at Boathouse Capital remarked, “Convene has been a strong performer in our portfolio and we’re excited to provide additional capital to the Company. We believe the Company has a proven model for success that will continue to impress.”