Connect&GO secures financing of $4 million to support its position as a technology leader

Connect&GO, a leader in RFID solutions for the leisure, sports and attractions industry, has secured financing of $4M to support its position as a technology leader in the leisure and attractions industries.

Connect&GO is pleased to announce that it has secured financing of $4 million, in order to support its work as a leader in RFID technology for the attractions industry. This is in addition to more than $10 million raised by the company over the past year.

The new round of financing will enable the company to consolidate its position as a global market leader by making various acquisitions as well as continuing to work on its latest technology platform. This was deployed this summer at Super Aqua Club in Pointe-Calument and is also heading to two other popular attractions in Canada.

A vote of confidence

“We are living in an unprecedented time for our industry. I am very proud that we managed to make the difficult decisions early on, and that we received an important vote of confidence from our investors with this latest $4M financing agreement,” says Dominic Gagnon, President of Connect&GO.

André Brosseau, Chairman of the Board, says, “Since the beginning of the pandemic, Connect&GO’s executive team has shown leadership and creativity in determining the best way for the company to navigate this crisis. It made sense for us to reinvest in the company’s growth and allow it to take on new opportunities upon relaunching.”

All of the company’s original investors participated in this latest round of financing.

Earlier this year, Connect&GO announced that it had published a new white paper called Virtual Queuing and Crowd Management solution for a COVID-era reality, looking at how virtual queuing can help operators to reopen safely.

The company has also launched a new physical distancing and contact tracing solution called Safeband.