Sumeru Equity Partners’ CAD$252 Million Investment in Loopio

Cassels acted as Canadian counsel to Sumeru Equity Partners on the investment in Loopio, assisted by Osler, Hoskin & Harcourt LLP.

On April 8, 2021, Sumeru Equity Partners, a growth-focused technology investment firm based in San Mateo, California, announced its strategic investment in Loopio, a Toronto-based software provider that helps companies streamline their response process for RFPs, DDQs and security questionnaires.

Loopio plans to use the fresh funding to accelerate its product development, customer acquisition, and hiring, as the company banks on continued request for proposal (RFP) software market growth.

Loopio  is a Toronto-based software provider that helps companies streamline their response process for RFPs, DDQs, and Security Questionnaires.

Sumeru Equity Partners is a technology and growth capital focused, middle- market private equity firm founded by an experienced investors and operators group.

The Cassels team comprised of Frank Arnone (Picture), Nicola Geary, Gaurav Anand and Michael Britton (Private Equity), Corinne Grigoriu (Tax), Chandimal Nicholas and Marco Ciarlariello (Intellectual Property), Kristin Taylor and Erin Minuk (Employment & Labour) and Suhuyini Abudulai, Amanda Scolieri and Paras Patel (Banking & Specialty Finance).

The Osler, Hoskin & Harcourt team included Chad Bayne, David Jamieson, Chres Lee, Jeremy Lin, Sahil Chopra, Emery White, Alex Alacchi and Michael Sproule (Emerging & High Growth Companies), Dov Begun and Jennifer Horton (Tax), Kaeleigh Kuzma (Competition/Antitrust), Damian Rigolo (Employment) and Martha Martindale (Financial Services).

Involved fees earner: Suhuyini Abudulai – Cassels Brock & Blackwell LLP; Gaurav Anand – Cassels Brock & Blackwell LLP; Frank Arnone – Cassels Brock & Blackwell LLP; Michael Britton – Cassels Brock & Blackwell LLP; Marco Ciarlariello – Cassels Brock & Blackwell LLP; Nicola Geary – Cassels Brock & Blackwell LLP; Corinne Grigoriu – Cassels Brock & Blackwell LLP; Erin Minuk – Cassels Brock & Blackwell LLP; Chandimal Nicholas – Cassels Brock & Blackwell LLP; Paras Patel – Cassels Brock & Blackwell LLP; Amanda Scolieri – Cassels Brock & Blackwell LLP; Kristin Taylor – Cassels Brock & Blackwell LLP; Alexandra Alacchi – Osler Hoskin & Harcourt; Chad Bayne – Osler Hoskin & Harcourt; Dov Begun – Osler Hoskin & Harcourt; Sahil Chopra – Osler Hoskin & Harcourt; Jennifer Horton – Osler Hoskin & Harcourt; David Jamieson – Osler Hoskin & Harcourt; Kaeleigh Kuzma – Osler Hoskin & Harcourt; Chres Lee – Osler Hoskin & Harcourt; Jeremy Lin – Osler Hoskin & Harcourt; Martha Martindale – Osler Hoskin & Harcourt; Damian Rigolo – Osler Hoskin & Harcourt; Emery White – Osler Hoskin & Harcourt;

Law Firms: Cassels Brock & Blackwell LLP; Osler Hoskin & Harcourt;

Clients: Loopio; Sumeru Equity Partners;

Martina Bellini

Author: Martina Bellini