Chaordix Closes $1.5 Million Series A Financing Round Led by Yaletown Venture Partners

Posted by Techvibes NewsDesk

Calgary's Chaordix announced today that it has secured Series A venture capital financing led by Yaletown Venture Partners and with participation by the Business Development Bank of Canada (BDC). The value of the round was not revealed.

The new funding will permit Chaordix to expand its global business and market development, further invest in its next generation Crowd Intelligence products, and strengthen its expert services capacity to support a growing roster of clients representing some of the world’s most innovative brands and organizations. Chaordix currently employees 20 in office in Calgary and London.

“This funding recognizes our consistent track record, the strength and dedication of our team, as well as the growth opportunity of our unique crowdsourcing-driven business model,” said Chaordix founder and CEO Shelley Kuipers. “With this financing, we’re well positioned to extend the reach of our managed services offering beyond our existing client base in Europe, North America, and Southeast Asia.”

Update: Techvibes was contacted by Chaordix CMO Sharon McIntyre who confirmed that this Series A round totaled $1.5 million.

Company:
Yaletown Venture Partners
Website:
http://www.yaletown.com
Location:
Vancouver, British Columbia, Canada

Based in Vancouver, British Columbia, Yaletown Venture Partners is a venture capital firm that invests time and money in seed and early-stage technology and clean-tech companies. Yaletown focuses on Western Canadas vibrant Energy Technology and Information Technology and Clean-tech clusters. Yaletown is backed by some of Canadas largest pension funds and financial institutions, all of which have a long-term... more

Company:
BDC Venture Capital
Website:
http://www.bdc.ca
Location:
Montréal, Québec, Canada

With more than $1 billion under management and more than 25 years of industry experience, BDC Venture Capital is an investor of choice focusing on IT, health and energy/cleantech companies, as well as venture funds, with high growth potential. From seed through expansion to exit, their mandate is to help build outstanding Canadian companies, while working to create a sound financial ecosystem for Canadian... more

Company:
Chaordix
Website:
http://www.chaordix.com
Location:
Calgary, Alberta, Canada

Chaordix® is the global standard in crowdsourced brand and product innovation. Chaordix uses the power of crowdsourcing to help the world’s leading companies and organizations gain sustained community engagement and predictive intelligence. Our Crowd Intelligence™ community solutions are helping a global clientele including LEGO, P&G, IBM, FutureBrand, KPMG, American Airlines, Virgin and Reckitt Benckiser leverage... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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