Business App Customization Company Canvas Raises $4 Million In Funding
Canvas is a company that offers a way to businesses to find, customize, and create mobile applications to replace paper forms. Canvas raised $4 million in a funding round that was led by Osage Venture Partners with participation from strategic investors. Canvas works with thousands of organizations to replace their cumbersome paper forms through the use of highly customizable mobile business apps.
Canvas has their own Application Store that has several thousand ready-made apps that can be customized based on an individual business user’s needs. The company also has a do-it-yourself app builder toolkit so that non-technical users can build mobile apps in a matter of minutes.
“Canvas was overwhelmed with the enthusiasm demonstrated by the investor community for our results and vision,” said Canvas CEO James Quigley in a statement. “Revenues accumulated by the global mobile application market are expected to grow from $25 billion by the end of 2013 to $98 billion in 2018, according to ABI Research. Despite the outsized number, there is reason to believe we have only scratched the surface for adoption of mobile apps and with this new funding support, Canvas remains uniquely positioned to capitalize on this growing and untapped market opportunity.”
Some of the companies that Canvas works with include Pepsi Bottling Ventures and the Olympic Development Authority. The company also works with a number of small non-profits in Australia. Canvas apps work on the Android, BlackBerry, PlayBook, iPhone, iPad, and Windows mobile/desktop devices.