ATLANTA–Toronto-based Datawire Communication Networks Inc. an Internet-based transaction processing company with U.S. headquarters in Atlana, says it has secured $11 million in additional equity financing from a consortium of venture firms.

The financing was co-led by CIBC Capital Partners, Working Ventures Funds, managed by GrowthWorks and existing investor EdgeStone Capital Partners.

Bryker Technology Partners, an existing investor in Datawire, also participated in the financing. The Company intends to use the proceeds to fund operations as it continues to deploy its VXN service platform with major payment processors.

The terms of the transaction call for the investors to fund $6.5 million at the initial closing, with an option to fund an additional $4.5 million at a later date.