The management of Busbud, a Canadian startup whose app allows users to buy bus tickets in 10,000 cities across 63 countries, has so far raised $10 million in venture capital. And the company expects to pursue a Series B round, just not yet.
The Montreal-based company recently secured a loan from Silicon Valley Bank (SVB), which started in 1983 and as of the first quarter of this year had US$44 billion in assets and US$18 billion in loans.
Image: David Burridge, Busbud’s vice-president of finance and corporate development, says now the company has taken on venture debt, it can afford to be more selective on the deal it takes. - Image: Christinne Muschi for National PostDavid Burridge
