Parkdale Ventures’ Portfolio Company CraneCam Acquired By
San Francisco Based Construction Tech Company
The acquisition represents a key first for a Parkdale portfolio company
TORONTO, ON: July 31, 2019 – CraneCam, a Washington, DC-based construction technology company announced that it will be acquired by an undisclosed San Francisco-based construction tech company. The acquisition will allow both teams to continue solving common industry challenges and will provide the newly-combined entity with access to CraneCam’s proprietary technology and customer relationships.
Parkdale Ventures supported CraneCam’s management team as it explored several strategic options to accelerate growth and improve global tower crane operations.
The successful acquisition of CraneCam represents a first for Parkdale Ventures which was founded in late 2018. This marks a major milestone for the firm as it continues to grow its portfolio across the United States and Canada.
“The Parkdale team was honored to have the chance to support CraneCam as it scaled both commercially and technologically. We are confident this acquisition makes strategic sense for both parties and are excited for what the future entails for the combined entity. Parkdale is excited to continue supporting its portfolio as they pursue similar opportunities as CraneCam.” said John Shahidi, Partner at Parkdale Ventures.
About Parkdale Ventures
Parkdale Ventures is a Toronto, ON-based strategic advisory firm focused on helping game-changing ventures accelerate growth and achieve scale. Through its diverse team, expertise, and industry relationships, Parkdale aims to deliver outsized results to very early-stage companies across the US and Canada.
For more information visit cranecam.us