Montreal-based software integration company Unito has raised $20 million in a round of financing led by the Caisse de dépôt et placement du Québec (CDPQ).

In addition to the Caisse, whose investment amount has not been disclosed, the financing round includes investors Rainfall Ventures, Investissement Québec, Bessemer Venture Partners, Tom Williams and Mistral Ventures.

Most of the funding granted to Unito comes from Équité 253, a CDPQ investment fund created to increase diversity and inclusion in growing companies.

“Unito has met most of the requirements set out by Equity 253 for diversity within its board, management team and shareholder base, five years ahead of the deadline. The company also has a transparent compensation structure and offers adjustments based on gender-based wage disparities to ensure fairness,” the Caisse said in a statement on Wednesday.

The funds raised will allow the company, founded in 2015, “to strengthen its growing presence in the North American market”.

“As software proliferates internally, companies are adopting integrations that tie them together and make it easier for teams to collaborate. Our customers recognize the impact of two-way no-code integrations. We are thrilled to have investors who understand our mission to break down barriers between tools and unify work,” explained Marc Boscher, co-founder and CEO of Unito.

“Companies are looking for simple and powerful integrations to unify their work tools. We believe that Unito is well placed to accelerate its global growth by consolidating its presence in the market and diversifying its product offering,” said Wils Théagène, senior director at the CDPQ and representative of Fonds Équité 253.