Plusgrade, a specialst in revenue enhancing technology, has received a 0 million boost from an institutional investor.

Caisse de dépôt et placement du Québec (CPDQ) is taking equity in the Montreal-based business, which it claims will value the company at 0 million.

Plusgrade provides software to a number of large airlines including Air Canada, Lufthansa and Singapore Airlines which means they can offer customers the opportunity to bid for seat upgrades.

The company plans to continue its expansion to new markets as well as expand its products and services out of three main offices in Montreal, New York and Sinapore.