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FinancialCAD raises $3.8 million

FinancialCAD has raised $3.8 million through a private placement. The 11-year-old privately held company has sought the funding as it gears up for an IPO, said David Glassco, chief executive officer. Vancouver, British Columbia-based FinancialCAD licenses software, in addition to offering a service, that provides information on valuations of financial instruments such as bonds and futures contracts.

FinancialCAD has raised $3.8 million through a private placement. The 11-year-old privately held company has sought the funding as it gears up for an IPO, said David Glassco, chief executive officer. Vancouver, British Columbia-based FinancialCAD licenses software, in addition to offering a service, that provides information on valuations of financial instruments such as bonds and futures contracts.