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

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.

Yaletown Partners
Vancouver, British Columbia, Canada

Yaletown invests in emerging-growth technology companies in Canada that enhance productivity and sustainability for enterprise and industrial customers. Our investments help Canadian technology companies in their initial growth phase to accelerate their growth, shorten exit timeframes and achieve strong exit premiums. With offices in Vancouver and Calgary, Yaletown is led by a team that brings... more

BDC Capital
Montréal, Québec, Canada

A subsidiary of the Business Development Bank of Canada (BDC), BDC Capital offers a full spectrum of specialized financing and investment solutions to help Canadian entrepreneurs achieve their full growth potential. With more than $1 billion under management, BDC Capital takes a strategic, patient approach to nurture companies’ development over the long term. From venture capital to equity to... more

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... more

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