Tag: Fundraising

17
May

Q4 Closes $22M Series B Financing to Fuel Product and Sales Expansion

darrel

TORONTO, ON – May 17, 2016 – Q4 Inc., a global leader in SaaS investor relations and capital market solutions, announced today the closing of a $22 million Series B financing, bringing the Company’s total amount raised to $30 million.

This round was led by OpenText Enterprise Apps Fund (OTEAF), Information Venture Partners, and HarbourVest Partners along with Emerillon Capital, and Kensington Capital Partners. Series A investors Plaza Ventures and Accomplice also participated. The funding will go towards expanding the Company’s engineering, sales and marketing teams.

“We are delighted to lead this round,” said Richard Black, General Partner at the OpenText Enterprise Apps Fund. “Our investment in Q4 reflects our belief in the tremendous market potential for their technology and management’s ability to execute on their vision. With over 600 top tier customers Q4 has demonstrated their ability to deliver value to the most demanding companies on a consistent basis. We are very excited about their growth prospects in the future.”

Q4 has been steadily expanding their investor relations platform since 2013, which now includes investor websites, earnings webcasting, market intelligence and investor CRM suite. The Company is focused on applying artificial intelligent methods such as machine learning and natural language processing to provide real-time insights on institutional trading, market sentiment, volatility and investor activism.

“Over the last 10 years, the market has become more complex and opaque than ever before. Alternative trading systems, dark pools and high frequency trading have created a challenging environment, making it almost impossible for corporates and investors to understand what is happening within the global financial markets,” said Darrell Heaps, CEO of Q4 Inc. “Our products bring simplicity to this problem and help companies better understand the market, manage investor engagement and communicate with the street. We are at the early stages of our vision and look forward to using these funds to continue expanding our platform and analytics for corporate and institutional clients.”

“There has been very limited innovation in investor relations technology.  Q4 is at the forefront of adopting and developing new technologies, changing the user experience for its communications customers and redefining intelligence methodologies to provide better insights to IROs, CFOs and CEOs,” said Robert Antoniades Co-Founder and General Partner of Information Venture Partners.

2015 was a watershed year for Q4, generating record client & ARR growth and executing on Company’s product suite expansion. Launching in June, the new Q4 desktop will be the investor relations industry’s most integrated market intelligence, investor CRM, website and webcasting platform on the market. Q4 plans to unveil this new product at the National Investor Relations Institute’s annual conference in San Diego, June 4-8, 2016.

“As we expand our presence in Canada, HarbourVest is excited to partner with Q4 in this next stage of its growth path,” commented David Zug, Vice-President, HarbourVest Partners. “This dynamic team and technology are poised to continue to transform the way public companies engage their shareholders.”

“We are excited to partner with Q4 at this critical inflection point in its growth,” said Raghu Bharat, Investment Manager at Emerillon Capital. “As demonstrated by their remarkable growth, this round of funding will help Q4 capitalize on global demand for their solutions, and accelerate the company’s pace of product innovation.”

Q4 has over 150 employees in offices in Toronto, Chicago and New York.

About Q4 Inc.
Q4 is a global leader in communication and intelligence solutions to the IR market. With hundreds of Fortune 1000 brands using Q4 website, webcasting, analytics and advisory solutions, we have created a full service platform that enables public companies to better connect with their investors and understand the capital markets. Visit www.q4inc.com to learn more.

06
May

Assent Compliance Attracts $20 Million Investment To Drive Global Growth

andrew

OTTAWA, ON – May6, 2016 – The investment is led by Boston-based Volition Capital with participation from OpenText Enterprise Application Fund (OTEAF), Business Development Bank of Canada (BDC), National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP), Royal Bank of Canada (RBC) and private investors.

Assent Compliance provides a comprehensive all-in-one compliance automation platform for organizations required to comply with a variety of product stewardship, materials management and ethical sourcing regulations. The funding will enable Assent Compliance to continue to invest in its platform and increase the number of team members across all divisions, particularly in R&D and Product Management. With a current headcount of 165, this growth will involve an additional 100 new hires over the coming 12-18 months.

“We are delighted to be partnering with the Assent management team”, said Richard Black, General Partner at OpenText Enterprise Apps Fund. “Assent Compliance has demonstrated their capabilities with proven success working with top tier customers. With the support of an outstanding syndicate of investors, Assent has a unique opportunity to become the global leader in the compliance automation market. “

Global supply chains are complex. Companies are often required, by law, to survey their supply chains to ensure materials are sourced ethically, workers are treated fairly, products are safe and their environmental impact is limited. Assent currently works with over 30 percent of S&P 500 product companies and a network of over 300,000 supplier companies globally to ensure compliance with these regulations.

Assent Compliance helps clients incorporate best practices into their compliance programs and provides them with the tools to survey their supply chains efficiently, without incurring extravagant costs. Assent Compliance also provides educational materials for companies and suppliers to stay ahead of the regulatory curve through an internally-developed, integrated learning management system.

In the midst of an evolving global regulatory landscape, companies turn to Assent Compliance to fulfill an integral role in the compliance process.

About Assent Compliance:

Assent Compliance, founded in 2005, enables companies to manage and streamline their supply chain and product compliance efforts to ensure their products meet the standards of various market access regulations. Assent currently works with over 30 percent of S&P 500 product companies and thousands of small and medium-size businesses globally.

About Volition Capital:

Volition Capital is a growth equity firm based in Boston, Massachusetts. The Volition team principally invests in high growth, founder-owned companies across different technology sectors. Volition Capital currently manages a portfolio of 17 market leading companies.

23
Sep

ScribbleLive raises $35m

sandy
Digital Content Marketing Leader to Accelerate Growth and Dominate Data Science Technology Landscape

TORONTO, ON – Sept. 23, 2015 – ScribbleLive, a global leader in digital content marketing, is excited to announce the closing of its expansion round of funding. The OpenText Enterprise Apps Fund (OTEAF) led the $35 million investment along with contributions from Emerillon Capital, Blue Cloud Ventures, Northleaf Venture Catalyst Fund, and a large U.S.-based asset manager, along with participation from all existing ScribbleLive venture investors including: Rogers Ventures, Summerhill Venture Partners, Georgian Partners, Export Development Corp. (EDC) of Canada and Waterloo Innovation Fund.

“We are thrilled to have five new experienced shareholders and participation from all of our existing venture investors in this funding round,” said Vincent Mifsud, CEO of ScribbleLive. “Our business has been growing at 100 percent without consuming capital, which has driven massive interest in our company. This interest has culminated in a Series D round, which is greater than all of our previous financing combined. Our stronger balance sheet opens new strategic avenues for accelerating our growth to further enhance our market share.”

As consumers continue to be inundated with interruptive advertising from a variety of conventional sources, content marketing is forging new, unparalleled opportunities for modern marketers and major brands to connect with their audience.

“We are focused on disrupting the marketing industry by helping brand marketers, sports and media companies grow their businesses using content and data science technologies,” said Mifsud. “Advertising effectiveness is on the decline and content marketing will be the key strategic differentiator to help businesses grow. We believe that great content marketing should be incorporated into every element of marketing from social marketing, events, and product launches to microsites. Our data science powered platform helps marketers do exactly that.”

ScribbleLive’s patented linguistic and mathematical algorithms provide insights to enable marketers to create impactful original content in accordance with their marketing strategy. In addition, ScribbleLive’s workflow technology platform allows marketers to distribute this content across a variety of landscapes and then measure the effectiveness and engagement.

“We’re delighted to lead the funding round,” said Richard Black, General Partner at the OpenText Enterprise Apps Fund (OTEAF). “ScribbleLive has a proven management team and has attracted top tier global customers that derive significant business benefits from their daily use of the platform and its analytics capability. The company is backed by an outstanding investment syndicate that can support ScribbleLive on its next phase of growth.”

ScribbleLive delivers its content marketing software solutions to the largest brands and media companies across the globe, including Ferrari, Red Bull, The Football League, NFL, and hundreds of others. Content optimized by ScribbleLive grows your upper funnel and builds brand awareness via patented, data-driven content planning, creation, distribution, and measurement tools.