Vancouver-based QuickMobile, a provider of mobile solutions for meetings and events, today announced that it has closed on a $3.3 million round of funding.
The investment was led by the BDC IT Venture Fund with additional contributions from Vancity and unnamed angel investors. The capital injection will help the Canadian startup to "continue its rapid international expansion, strengthen its infrastructure, boost marketing efforts, and advance the development and launch of new products and services."
As a result of the investment, QuickMobile says that Andrew Lugsdin, a partner with BDC IT Venture Fund, will join the Vancouver company's board of directors. This funding follows $2.6 million of equity investments received in 2011.
In September, QuickMobile announced that it is on pace for 400% growth while downloads of its custom meeting apps have surpassed one million. The company also recently added its 100th employee and expanded its company headquarters in Vancouver.
“Mobile is a huge, emerging space, from major advances in devices to the mobile apps that are targeted to the enterprise,” says Andrew. “Among the industry’s innovators is QuickMobile, which has a market-leading, proven solution that is used by a growing number of Fortune 500 companies. QuickMobile is led by a passionate and experienced team, which has identified significant market opportunities that will allow the company to continue to innovate and grow. BDC IT Venture Fund is excited to be a partner on this journey.”
“It’s evident that mobile technology is impacting all aspects of our lives and is also transforming the event industry with its inherent capabilities to connect and engage," says QuickMobile CEO Patrick Payne. "BDC IT Venture Fund is a major venture capital investor in Canada, and its investment team understands the market opportunity for QuickMobile and fully supports our approach to lead the industry in flexibility, scale, reliability, innovation and technology. With this investment, we will further expand our focus on Fortune 1000 companies, advance our ability to provide leading-edge solutions to the industry and increase our global sales and support footprint.”