Canadian Startup Jostle Raises $3.1 Million Series A Round

Posted by Techvibes NewsDesk

Vancouver-based Jostle today secured $3.1 million in equity investment. The Series A round did not come from venture capital firms or banks; the Canadian startup says the funds came exclusively from private investors, including many non-angels.

“All our investors are private individuals that believe in what we are doing. Most are strong business leaders that recognize the power of teamwork, culture and clarity,” explained CEO Brad Palmer. “Our People Engagement platform presents an entirely new approach, appealing  to  leaders with operational experience, who immediately see the huge potential to our simple approach to fostering teamwork and connecting employees.”

Jostle’s cloud-based platform helps organizations empower their employees and drive their culture through conventional intranets and enterprise social platforms like Yammer and Jive. The startup has raised $4.6 million to date.

"The success of this investment round was due to the targeting of qualified investors who understood risk,” noted Gary Yurkovich, Managing Partner of Espresso Capital. 

Yurkovich and Palmer are part of a panel titled “Not The Usual Suspects: A Look At Conventional and Non-conventional Angel Investment” at the Vancouver Enterprise Forum meeting on January 20.

Company:
Jostle Corporation
Website:
http://www.jostleme.com
Location:
Vancouver, British Columbia, Canada

Jostle Corporation is creating and enabling the next generation of enterprise software – simple, intuitive, elegant, inclusive and accessible. Enterprises have endured a legacy of big software, an approach that attempts to impose grand unification (a single set of tools and processes for everyone), and results in high costs, out-of-date systems, disconnected employees and poor agility. With the advent of rich... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property. Originally founded in 2002, Techvibes is dedicated to covering social, mobile, and startup news that impacts Canadians. Our editors and nationwide network of reporters combine breaking hyperlocal news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and... more



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