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Canvas raises $4M from investors


Reston-based Canvas, a distributor of mobile applications for businesses, has added $4 million from investors to its coffers, executives planned to announce today.

Canvas functions similar to the Apple App Store. Third parties upload business-related applications, such as receipt generators and customer surveys, that companies then download. Firms can also build their own applications.

Founder James Quigley said the money would help the company to continue adding customers around the globe and partner with additional appmakers.

The latest investment marks the third round of financing for Canvas, which has taken in $8 million to date from such investors as Osage Venture Partners, which led the most recent round, and Motorola Solutions Venture Capital.

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