Vancouver startup Jostle raises $745K

Posted by Rob Lewis

Vancouver startup Jostle announced today that its $350K offering of Preferred Class A equity has been over subscribed by a factor of two, netting the company $745K. Jostle will use these funds to complete its market entry.

Jostle is web-enabled software that elegantly glues organizations together, by clarifying team structures and helping employees engage. Jostle’s software makes it easy to facilitate teams, find expertise, and enables cross-organization teamwork - without the need to first standardize tools and processes.

According to Jostle CEO and co-founder Brad Palmer the company has raised over $1 Million to date from more than 40 individuals that share Jostle's passion for changing enterprise software for good.

As part of today's announcement the company included an interesting quote from a Howard Gwin - a partner at venture capital firm Bridgescale Partners.

”No VCs – no Angels – no worries. Great business models get funded. I love the Jostle value prop and look forward to watching it grow like crazy.”

With Vancouver's angels either waiting for exits or looking at lower risk/later stage opportunities, it's great to see tech startups like Jostle find alternative ways to raise much needed funds.

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attempts to impose grand unification (a single set of tools and processes for everyone), and results in high costs, out-of-date systems, disconnected employees and poor agility.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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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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