MAVA Member Canvas (TechBUZZ ’11 Spring) Raises $4M, backed by Osage Venture Partners, River Cities Capital Funds

In an interview with DC Inno, CEO James Quigley confirmed what was shown in an SEC form filed earlier this month: Canvas, a Reston, Va.-based B2B enterprise software company focused on remote business applications, has raised a $4 million bridge round led by return backers Osage Venture Partners and River Cities Capital Funds.

The decision to raise new funding comes as Canvas hopes to overcome several “hurdles,” thereby growing its valuation, before it approaches a much larger, growth-stage raise between October of this year and March 2017, Quigley said. Meanwhile, Canvas is also among the finalists for our 2016 Tech Madness competition.

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