Vancouver startup Jostle raises $745K

by Rob Lewis | Business

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.

Jostle Corporation
Vancouver, British Columbia, Canada

Jostle’s intranet software connects employees to each other, their leadership and their company culture. Gorgeous usability makes it the go-to place for information and collaboration – in the office or in the field. Jostle’s secure, cloud-based intranet can be up and running in a week. It’s turnkey and requires no IT resources to launch or maintain. Jostle is different. Our employee engagement... more

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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of  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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