Greengage Mobile this morning raised a $1 million funding round from the Investment Accelerator Fund, the RBC Generator Fund, and investors from Waterloo-based Golden Triangle AngelNet.
The Toronto-based software provider says the funds will be used to meet growing customer demand and roll out additional features on its mobile app and web-based management platform.
“The commitment by our investors is a testament to the tremendous results that Greengage has been able to achieve in the market," says CEO Lindsey Goodchild. "Over the past 12 months, we’ve launched the Greengage Mobile platform across several organizations, including finance, accounting, manufacturing, and higher education."
Greengage Mobile says that it is becoming the go-to resource for companies, not-for-profits, and governments that are looking to engage their employees and citizens in healthy living, green, and community initiatives on a large scale. According to KPMG’s 2011 Review of the Global State of CSR, 95% of the world’s largest companies are reporting on corporate sustainability. However, the Brighter Planet Employee Engagement Survey shows that on average only 10% to 14% of employees are actively engaged in these programs. Greengage Mobile claims it has been able to raise engagement rates in programs from the traditional 10% to "upwards of 70%" with their clients.