On June 7, 2021, Poka announced that it had raised $25 million in Series B financing in support of the company's next phase of growth. 40 North Ventures led the investment with participation from McRock Capital ("McRock") and existing investors SE Ventures, CDPQ, Robert Bosch Venture Capital, and Leclerc. 

Poka, headquartered in Quebec City, is a connected worker platform built specifically for manufacturers. Poka will use the new funds to accelerate product development in support of the company's vision to give manufacturers a single hub for operational knowledge and collaboration on the factory floor. The funding will also expedite the company's ability to better serve its growing global customer base by scaling its go-to-market teams.

McRock is the first dedicated Industrial Internet of Things (IIoT) venture capital fund manager focused on the intersection of sensors and software in large industrial markets and smart cities.

Derek Keay of Gowling WLG advised McRock with respect to this funding round.