Startups

GuideSpark raises $22 million

Screen Shot 2015-03-02 at 10.13.02 PM
GuideSpark is an employee communications and engagement company that has raised $22.2 million in funding.This round of funding was led by Meritech Capital Partners with participation from New Enterprise Associates, Storm Ventures and IDG Ventures. More details below:

PRESS RELEASE

MENLO PARK, CA–(Marketwired – Feb 24, 2015) – GuideSpark, the leader in employee communications and engagement, announced today that it has closed a $22.2 million round of Series C funding, led by Meritech Capital Partners with participation by existing investorsNew Enterprise Associates (NEA), Storm Ventures and IDG Ventures.

Since its founding in 2008, GuideSpark has sought to change the way companies communicate with their employees through customized, engaging and cost-effective videos. Available on any device, the GuideSpark platform helps companies to educate employees on a range of complex topics, such as benefits, health care reform and compensation programs. As a result, employers can provide an interactive user experience that resonates with their teams and leads to an engaged and informed workforce.

With the new round of investment, GuideSpark can continue its mission to revolutionize employee communications, better serve its growing customer base and further build its market-leading brand. The funding will support growth across the company, including marketing, sales, product development, content, CSM, infrastructure, corporate and business development, enabling GuideSpark to maintain its status at the forefront of the employee communications field.

GuideSpark will also benefit from welcoming Craig Sherman, managing director of Meritech Capital Partners, to its board of directors. Sherman leverages a wealth of operating experience, having served as COO of Ancestry.com and as CEO of Gaia Interactive. With a history of investing in successful digital media companies and promising startups, Sherman’s expertise will complement the existing board and bring great value to GuideSpark as the company continues to scale its business.

“Meritech Capital invests in late-stage tech companies that show true innovation and have proven their ability to disrupt the status quo,” said Sherman. “GuideSpark has certainly changed the game and delivers a proven solution for more effective employee communications. We are proud to provide GuideSpark with capital to support its rapid growth and continue creating new innovations.”

“Meritech’s investment continues to validate the tremendous market opportunity GuideSpark has to transform how companies engage and connect with employees,” said Keith Kitani, CEO of GuideSpark. “We are proud to be working with some of the country’s premier technology investors; their support is instrumental in taking our company to the next level as we continue to transform employee communications.”

About Meritech Capital Partners

Meritech Capital Partners is a leading provider of late-stage venture capital to category-defining private technology companies, and has been one of the top performing venture firms of the past decade. With over $3 billion under management, Meritech primarily leads investments into companies with proven and differentiated technology, rapidly-growing revenue and experienced management teams. With one of the most active venture portfolios in Silicon Valley, Meritech has experience in, and provides guidance on issues facing rapidly growing companies including management incentive plans, IPO market timing and positioning, M&A strategies and negotiations and adviser selection. Meritech investments in industry-leading companies include Box, Facebook, NetSuite, Salesforce, Tableau and Zulily. Meritech is located in Palo Alto, CA and can be found at www.meritechcapital.com.

About New Enterprise Associates

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With approximately $13 billion in committed capital, NEA invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of successful investing includes more than 195 portfolio company IPOs and more than 320 acquisitions. For additional information, visit www.nea.com.

About Storm Ventures

Storm Ventures is a venture capital firm focused on investing in seed and early stage companies in the Mobile Internet, Enterprise Cloud, and Internet-enabled Commerce sectors. Storm was founded by a seasoned group of industry veterans with the common vision of sharing our collective experience, passion and energy to help talented and driven entrepreneurs build great companies of enduring value. Storm has invested in over 100 companies including Airespace (Cisco), Appcelerator, BookRenter, Com2uS (Korea IPO), EchoSign (Adobe), IML (Taiwan IPO), Kidaro (Microsoft), Lightera (Ciena), Marketo, MobileIron, NetScaler (Citrix), SandForce (LSI), Sanera (McData/Brocade), and Sierra Monolithics (Semtech). For more information, visit www.stormventures.com.

About IDG Ventures

IDG Ventures USA is an independent boutique venture capital firm, based in San Francisco. IDG Ventures invests in early stage consumer and enterprise IT companies. Through a strategic relationship with IDG, the world’s largest IT media company, IDG Ventures’ portfolio companies get free access to significant sales and marketing resources. The firm is part of a global network of technology venture funds with approximately $3.7 billion under management and over 200 active portfolio companies in Asia and North America. Leading technology companies that IDG has backed include BabyCenter, Epiphany, Excite, F5 Networks, Funzio, Infoseek, Minted, Netscape, and Spinner.com in the US and Baidu, Ctrip, Focus Media, SouFun, Tencent, Tudou, Vancl and Vinagames in Asia.

About GuideSpark

GuideSpark, the leader in employee communications and engagement, transforms how organizations communicate and engage with their employees through customized video and mobile experiences for every stage of the employee life cycle, from onboarding to benefits, compensation and more. The solution is accessible via a robust platform that provides an interactive user experience and deep analytics on employee engagement. GuideSpark, named to the Inc. 5000 list of “America’s fastest-growing companies,” serves hundreds of enterprise customers across all industries and millions of employees. By leveraging content and technology, GuideSpark helps its customers transform their employee communications to increase engagement, create efficiencies by saving time and money, deliver consistent messaging and get peace of mind knowing that their employees understand the value of working for the company.

Getable raises $5 million in Series A

Getable Logo
Getable is an app for ordering and tracking construction equipment. Getable has raised $5 million in Series A funding. This round of funding was led by The Social+Capital Partnership. More details below:

PRESS RELEASE

San Francisco, CA ­­ February 25, 2015

Getable, the leading app for ordering and tracking construction equipment, announced today that it has raised five million dollars to expand its services nationwide. The Series A financing was led by The Social+Capital Partnership, a leading Silicon Valley venture capital firm that joined the company’s board of directors. The funding round also welcomed industry participation from individuals at Ghilotti Brothers, Inc., Pacific Structures, Zachary Construction, DPR Construction, and an investment from Darren Bechtel, a member of the Bechtel engineering and construction family and Managing Director of Brick & Mortar Ventures. Getable was honored as the first official investment for Brick & Mortar Ventures, a new fund investing in “technology for the built world” with construction as one of its core areas of focus.

“Mobile technologies are rapidly transforming old guard industries,” explains Darren Bechtel, Founder of Brick & Mortar Ventures. “Yet construction, which employs the single largest mobile workforce, has received relatively little attention and benefit from such technologies.

Getable is leveraging mobile technology to bring efficiency and cost savings to construction teams by designing and delivering a beautifully intuitive software solution to better order, track, and manage heavy equipment ­­ one of the top three costs on a job site. I’m thrilled to be involved as we scale this solution to be a de facto app for job sites globally.”

Along with its new financing, Getable announced that it is rolling out its services nationwide. Now, any contractor in the United States can download Getable’s free application to order, track and manage any piece of equipment from any supplier in the field – regardless of whether the equipment was originally ordered through Getable. This includes tracking company owned fleet which the American Rental Association estimates is approximately 50% of the equipment used on job sites. This update allows contractors to account for all the assets on a project to get a more accurate picture of running cost, equipment status, activity history, and location across job site inventory.

“Getable has become the go­to app for contractors to order equipment rentals, but this represents just a fraction of the total equipment physically on the job site,” shares Tim Hyer, CEO at Getable. “We want to be indispensable when it comes to any type of construction equipment ­­ whether that equipment is sourced by Getable, or not. We’re thrilled to roll outthe ability to log any equipment type, including company owned fleet, to contractors throughout the United States.”

The new version, released today, introduces new features that give contractors greater control over equipment decisions. Contractors can now use Getable to order directly from the suppliers they know and trust, down to the individual sales rep who can setup a user profile in Getable. This allows contractors to take advantage of existing relationships, negotiated pricing, and volume based incentives. In turn, suppliers can more efficiently connect with their existing customers, spending less time on the phone and more time growing their business.

“Relationships matter in construction,” explains Hyer. “Since job sites expect timely equipment deliveries, repairs and pick­ups, contractors depend heavily on the relationships they have with their supply partners. Getable now supports the contractor and supplier connections that exist in the offline world. If a contractor wants to order equipment from his favorite supplier rep, he can now find that rep and track the business he does with that rep, using Getable. If a contractor doesn’t have an existing relationship, or doesn’t have a preference for where a piece of equipment is sourced, he can always leverage Getable’s Supplier Network to place the order. We now support both experiences in one app.”

Today’s product upgrades, combined with the financing, help solidify Getable’s position as the industry ­leading technology solution for construction equipment. The app has been developed with some of the largest national and regional civil, commercial and specialty contractors. Hyer expects strong growth with access to more resources and the guidance of its new board member, Ted Maidenberg, General Partner at The Social+Capital Partnership.

“We get excited when we see best­in­class, consumerized software being built for massive verticals like construction. In our research, general contractors raved about Getable and came to rely on it as their ‘mission control’ dashboard to manage their equipment ­­ from the initial order to asset tracking to billing,” shares Maidenberg. “We are eager to help the team grow contractor mindshare to become the go­to construction equipment management tool.”

About Getable Getable launched in 2010 to connect people with their favorite products on­demand, from trusted rental establishments. Getable serves the $41B construction rental market with mobile tools designed for construction professionals and rental equipment providers. With offices in San Francisco, California, Getable is a private company that is funded by prominent Silicon Valley investors. To learn more about how to use Getable for all of your equipment rental needs, please visit http://www.getable.com

Sikka Software raises $5.5 million

Sikka Software Logo
Sikka Software is a retail healthcare cloud platform that has raised $5.5 million in Series B funding. This round of funding was led by Sierra Ventures with participation from AMA Ventures. More details below:

PRESS RELEASE

MILPITAS, Calif. – February 24, 2015 – Sikka Software, the leading retail healthcare cloud platform, raised its Series B funding of $5.5 million led by Sierra Ventures with participation from its Series A investor, ATA Ventures. This new capital will enable Sikka to scale sales and marketing and continue its rapid growth across key practice areas.

Sikka is revolutionizing the field of retail healthcare software by providing the Sikka Platform Cloud which is seamlessly connected to over 400 combinations of practice management and financial systems covering over 96% of the dental, veterinary, audiology and optometry markets and provides a single application programming interface that anyone can build apps on. The company began with a simple vision, to help healthcare providers and small offices optimize their businesses via a series of easy-to-use cloud based applications through the Sikka Platform Cloud.

Since 2011, Sikka has achieved the following milestones:

· Cloud platform with 26 apps for over 13,500 practices in dental, veterinary, hearing and vision, servicing more than 23,000 doctors.

· Processing over 100 million monthly interactions with customers including payments, claims, patient communications, receivables, supplies, lab services, patient financing and more.

· $4.8 billion of transactions processed in 2014 through the rapidly growing Sikka ecosystem

· Continuing momentum by adding nearly 500 new healthcare practices each month

“We are excited to raise our next round of financing, which will allow us to accelerate the already rapid growth we have experienced over the past 3 years,” said Vijay Sikka, CEO of Sikka Software. “Given our broad footprint in the retail healthcare space, we are well positioned to be the leader in this large underserved market. Sierra Ventures has strong domain expertise in the small retail software space, starting with their investment in Intuit.”

“We have been very impressed with the strong progress that Sikka has made over the past few years, expanding from dental practices to veterinary, optometry and hearing care,” said Mark Fernandes, Managing Director of Sierra Ventures. “The company is at the nexus of retail healthcare information, which is one of the fastest growing segments of the market.”

Mark Fernandes, will join Sikka Software’s Board of Directors, which currently consists of Vishal Sikka, CEO of Infosys; Hatch Graham, Managing Director of ATA Ventures; and Vijay Sikka, CEO of Sikka Software.

About Sikka Software

Sikka Software Corporation is revolutionizing the retail healthcare industry via its platform cloud, analytical tools, apps and big data leadership. The retail industry includes over 2.1 million providers worldwide and over 600,000 in the United States. Sikka Platform Cloud allows seamless compatibility to over 96% of the dental, veterinary, vision care and hearing care markets in the United States. Sikka Software Corporation has over 13,500 installations and is experiencing strong growth and market presence in the retail healthcare big data space. For more information, please visit www.sikkasoftware.com

About Sierra Ventures

Sierra Ventures is a VC firm focused on investments in Consumer and Enterprise Information Technology. Since 1982 Sierra has raised 10 funds with over $1.7B in committed capital, backed 25+ companies that had successful IPO’s, and 50 that had substantial M&A exits. Sierra has continually leveraged the Sierra franchise to provide strategic and operational support, including the largest CIO Advisory Board in the industry, to achieve broad success across its portfolio of investments. For more information, please visit www.sierraventures.com

NCino raises $29 million

nCino

nCino is a cloud-based operating solutions company that has products tailored for the financial services industry. The company has raised $29 million in Series B funding. This round of funding was led by Insight Venture Partners. Existing investors Wellington Management Company LLP, former Morgan Stanley Chairman and CEO John Mack and Promontory Financial Group Founder and CEO Gene Ludwig also participated in this round. More details below:

PRESS RELEASE

WILMINGTON, N.C.–(BUSINESS WIRE)–nCino, the leader in secure, cloud-based operating solutions to the financial services industry, today announced the successful completion of $29 million in Series B financing. Led by Insight Venture Partners, the round also includes investments from existing investors Wellington Management Company LLP, former Morgan Stanley Chairman and CEO John Mack and Promontory Financial Group Founder and CEO Gene Ludwig.

This announcement follows the recent news of a record 2014 for nCino, highlighted by 206 percent revenue growth and the addition of more than 40 financial institutions to nCino’s rapidly growing customer base of banks and credit unions with assets ranging from $150 million to $200 billion. The proceeds from this round of funding will allow nCino to continue to expand operations domestically, as well as enter international markets; accelerate product innovation; further engage with large, enterprise banks; and grow its team with a key focus on product development and customer success.

“We appreciate the strong support of our existing and new investors in this round, who have demonstrated their confidence in our strategy and progressive approach to cloud-based banking,” said Pierre Naudé, CEO, nCino. “nCino is committed to transforming financial services through innovation, reputation and speed. With this latest infusion of capital, we are strongly positioned to continue delivering on that mission and become the dominant bank operating system solution.”

In addition, as part of today’s announcement, Jeff Horing, managing director, Insight Venture Partners, will be joining nCino’s board of directors.

“nCino has progressed rapidly since inception and is entering the next stage of fulfilling its vision of becoming the undisputed leader in cloud-based banking,” stated Horing. “nCino’s innovative Bank Operating System tracks a loan through its entire life cycle to increase efficiency and create new revenue opportunities for its financial institution customers. In our view, nCino represents the future of banking, and we are pleased to partner with a company we believe will continue to create significant value for many years to come.”

About nCino

Wilmington, N.C.-based nCino, Inc. is the leader in cloud-based bank operating solutions to the financial services industry. Through its flagship Bank Operating System solution, nCino leverages the power of the Salesforce Platform to provide financial institutions with superior transparency and clarity into their existing loan production pipelines, portfolios and operating efficiencies across all business lines, resulting in increased profitability, productivity gains and regulatory compliance.

For more information, visit www.ncino.com.

About Insight Venture Partners Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $9 billion and invested in more than 200 companies worldwide. Our mission is to find, fund and work successfully with visionary executives providing them with practical, hands-on growth expertise to foster long-term success. For more information on Insight and all of its investments, visit http://www.insightpartners.com or follow us on twitter: @insightpartners.com.

Metamarkets raises $15 million

Metamarkets Logo

Metamarkets is a real-time analytics pioneer that has raised $15 million in funding led by Data Collective. Khosla Ventures, IA Ventures, True Ventures and Village Ventures also participated in this round. More details below:

PRESS RELEASE

SAN FRANCISCO, CA–(Marketwired – Feb 24, 2015) – Real-time analytics pioneer Metamarkets today announced that it has raised an additional $15 million in funding, led by Data Collective. They are joined by media entrepreneur John Battelle and City National Bank as well as existing investors Khosla Ventures, IA Ventures, True Ventures and Village Ventures.

Metamarkets’ award-winning platform combines several real-time technologies — stream processing, a time-series database and interactive visualization — into a unified SaaS solution built for the unique volume and velocity of its clients’ data in the $20B programmatic media markets.

Metamarkets’ product makes it easy to access up-to-the-second data, set alerts on trends, and securely share live dashboards to internal colleagues and external partners. This self-service approach speeds decision-making, reduces the burden of reporting requests on analysts, and frees up engineering resources.

“Every day, thousands of users turn to Metamarkets’ dashboards for granular insights into tens of billions of ad transactions,” said Mike Driscoll, CEO and Co-Founder of Metamarkets. “Our clients are the pioneers of these new digital markets, whose daily trading volumes dwarf those of Wall Street. We’re proud to deliver an analytics solution that can keep pace with their speed and scale.”

The fundraising comes after a period of strong, sustained growth for the company. Metamarkets recently reported that it has doubled its client base and revenues year-over-year, and that it counts LinkedIn, Financial Times, Twitter and Yahoo among its dozens of clients.

Metamarkets’ record of technical innovation has earned it the confidence of Silicon Valley’s top technology investors, a growing following among open-source software developers, and the trust of leading industry players in mobile and native programmatic advertising. The company developed Druid, an emerging standard in the world of time-series databases, and created Facet, its user interface for interactive visualization of high-dimensional data.

“Through a series of innovations in stream processing, distributed databases, and data visualization, Metamarkets has developed a solution for the high-frequency media markets of today, with the promise of addressing emerging digital markets of tomorrow,” said Matt Ocko, Co-Managing Partner and Co-Founder of Data Collective. “We’re excited to support the Metamarkets team as it continues to innovate and grow.”

About Metamarkets

Metamarkets provides an end-to-end analytics solution for leading innovators in digital media and programmatic marketing, including News Corp, Twitter, and LinkedIn. Its SaaS platform empowers teams with real-time analytics to maximize performance, identify new opportunities as they happen, and drive engagement with clients and partners. With offices in San Francisco and New York, Metamarkets is backed by Data Collective, Khosla Ventures, Village Ventures, IA Ventures, and True Ventures. For more information, please visit www.metamarkets.com.

Livefyre raises $32 million in Series D funding

livefyre-logo

Livefyre is a real-time content marketing and engagement platform that has raised $47 million in funding from Adobe, Greycroft Partners, Cue Ball, Hillsven Capital, Salesforce Ventures and U.S. Venture Partners. This round includes a $32 million Series D round and a $15 million Series C2 round. More details below:

PRESS RELEASE

Livefyre Raises $47 Million in Funding, Including $32M Series D

New investors Adobe and Salesforce Ventures join existing investors in Livefyre’s largest round to date

SAN FRANCISCO, CALIF. — Livefyre, the leading real-time content marketing and engagement platform, today announced that it has raised $47 million in funding from Adobe, Cue Ball, Greycroft Partners, Hillsven Capital, Salesforce Ventures and U.S. Venture Partners.

“We’re excited to have Adobe and Salesforce Ventures as investors as we continue to build technology to address the emerging content and community needs of brands and publishers,” said Livefyre founder and CEO Jordan Kretchmer. “Livefyre’s mission has always been to help our customers drive online conversations and community around content. Over time, we have evolved the platform to include vital functionality that enables marketers to not only engage but grow their audiences through the management, discovery and amplification of user generated content.”

As the only content management platform built for user-generated content, Livefyre holds a unique position among marketing cloud technologies. No other platform enables marketers to easily discover, manage and publish the large amounts of user-generated content created about their brand to their own properties through a single platform, whether that content is generated on their website, mobile apps or on social networks.

Leading up to the Series D, Livefyre raised $15 million in Series C2 financing, which was not announced to due to its proximity to the Series D closing. Livefyre will invest this latest round of capital in strategic growth areas such as research and development, sales and marketing expansion and growth in international markets.

About Livefyre

Livefyre helps companies engage consumers through a combination of real-time content, conversation and social curation. The new Livefyre Studio puts billions of pieces of content at a marketer’s fingertips and lets them integrate that content into their digital marketing assets, websites, and mobile apps to increase traffic, user engagement and revenue. Livefyre is powering real-time content marketing experiences for over 1,500 leading brands including AOL, Bravo, CBS, Conde Nast, Cox Media Group, Dow Jones/WSJ, FOX Sports, Mashable, NASCAR, Showtime, Sony PlayStation, Sports Illustrated, Unilever and Universal Music Group. Livefyre acquired social storytelling platform Storify in September 2013 and social application provider Realtidbits in November 2013.

Founded in 2009 with offices in San Francisco, New York, London and Sydney, Livefyre was named one of the best places to work in the Bay Area by the San Francisco Business Times two years in a row and 2013 Corporate IT Software Company of the year by the World Technology Network. For more information, visit www.livefyre.com or follow us on Twitter and Instagram at @livefyre or @storify.

About Salesforce Ventures

Salesforce Ventures—Salesforce’s corporate investment group—invests in the next generation of enterprise technology to help companies connect with their customers in entirely new ways. Portfolio companies receive funding as well as access to the world’s largest cloud ecosystem and the guidance of Salesforce’s innovators and executives. With Salesforce Ventures, portfolio companies can also leverage the expertise of the Salesforce Foundation to incorporate its 1-1-1 model of integrated philanthropy to make giving back part of their business model. Salesforce has invested in more than 100 enterprise cloud startups since 2009. For more information, please visit www.salesforce.com/ventures.

Postmates raises $16 million in Series B funding

postmates-logo
Postmates is an on-demand delivery service that has raised $16 million in Series B funding. Spark Capital led this round of funding. The funding will be used for supporting its growth and to expand geographically. More details below:

PRESS RELEASE

SAN FRANCISCO ­­ February 18, 2014 Postmates, the leading on­demand delivery service, announced today that it has raised an additional $16 million in capital for its Series B financing round to support its dramatic growth and expand geographically. The latest round was led by Spark Capital with follow­on from existing investors. Nabeel Hyatt, Venture Partner at Spark Capital, will join founders Bastian Lehmann and Sean Plaice on the company’s Board of Directors along with Scott Banister.

“We’re currently averaging thousands of deliveries per week. Customers who order more than 10 times permonth contribute to more than 30% of order volume? customers who order more than 5 times per month contribute to more than 50% of order volume,” said Bastian Lehmann, CEO and co­founder of Postmates. “More importantly, is how quickly our supply is growing. We have nearly 2,000 active Postmates couriers on the platform in our four markets.”

Since closing its Series A funding in December of 2012, Postmates has developed its own proprietary logistics software that successfully dispatches and guides couriers through major metropolitan areas to deliver local goods including prepared food, groceries and retail goods. The company has forged partnerships and promotional campaigns with merchants in San Francisco, D.C., Seattle and New York, including Whole Foods, Momofuku Milk Bar, Hapa Ramen and The Meatball Shop, among others.

“We are experiencing remarkable growth and strong national demand for our mobile platform,” said Lehmann. “This new round of financing and group of investors ­ with their proven success in identifying potentially successful consumer products such as Twitter, Foursquare and Tumblr ­ will guide us through this critical growth stage. With Spark’s support, we’ll continue to push the boundaries of e­commerce and logistics within local markets.”

This investment will enable Postmates to strengthen its position as the industry leader in same­day delivery.

The company plans to improve its understanding of local inventory and aggressively invest in their operations, design and engineering teams to meet increasing domestic and international demand for the product.

“We’re thrilled to be partnering with Postmates. They have a magical product and have proven this past year they know how to handle incredible growth while keeping quality high,” said Nabeel Hyatt, Venture Partner at Spark Capital. “Bastian and his team have created a service that not only puts your city in the palm of your hand, but it also does that while helping support the local businesses that make a city what it is.”

Postmates previously closed a $5 million Series A round from FoundersFund and received a $1.75 million seed round with SoftTechVC, Matrix Partners, Scott Banister, Naval Ravikant, Russel Simmons, Thomas Korte, Shervin Pishevar, Dave Morin, and David Sacks participating amongst others. The Series B brings Postmates’ total funding to just over $22 million.About Postmates:

Postmates is transforming the way local goods move around a city by enabling anyone to get any product delivered in under one hour. Postmates’ revolutionary urban logistics & on­demand delivery platform connects customers with local couriers, who purchase and deliver goods from any restaurant or store in a city. Postmates’ mission is to become the on­demand delivery infrastructure for every major city in the world. Postmates was co­founded by Sam Street, Sean Plaice and Bastian Lehmann in 2011, and is headquartered in San Francisco with additional offices in London, Seattle and New York.

Postmates is free to download from the app store or by visiting: www.postmates.com

About Spark Capital

Spark Capital is a venture capital firm that partners with exceptional entrepreneurs seeking to build disruptive, world­changing companies. Founded in 2005, the firm manages approximately $1,500,000,000 across four funds. Headquartered in Boston, Spark maintains an office in New York and invests across the globe. Spark Capital focuses on Internet and mobile investments across the following key categories: advertising & monetization, commerce & services, content & media, financial services, hardware & infrastructure, mobile and social.

For more information, visit www.sparkcapital.com

Q4 Web Systems raises $5 million

Screen Shot 2015-02-24 at 12.28.20 PM

Based in Toronto, Q4 Web Systems has announced that it has raised $5 million in a round led by Plaza Ventures. Other investors that participated in this round include Atlas Venture and Silicon Valley Bank. Q4 Web Systems is a leading provider of SaaS based investor relations solutions.

PRESS RELEASE

Toronto, Ontario (PRWEB) February 24, 2015

Q4 Web Systems (Q4), the leading provider of SaaS-based investor relations solutions for public companies, announced that it has secured $5 million in new financing led by Plaza Ventures, supported by Atlas Venture and financing from Silicon Valley Bank. Q4 will use these funds towards expanding product, engineering and sales teams.

Q4 is a SaaS-based financial content and data analytics platform for delivering investor websites, mobile applications and intelligence to CFOs and the investor relations departments of public companies. With triple digit growth fueled by customers including almost 20% of the S&P 500, Q4 is redefining how public companies interact with capital markets.

Plaza Ventures invests in high-growth technology companies that look for value-added capital, and this will positively impact Q4 as the company quickly progresses and places itself at the forefront of competition. “We are excited about the tremendous momentum Q4 is demonstrating and believe that, with this investment, we can help Q4’s strong management team to accelerate the company’s growth” said Matthew Leibowitz, Partner, Plaza Ventures and new board member of Q4.

Silicon Valley Bank provides targeted financial services and expertise through its offices in innovation centers around the world. “We are pleased to work with Q4, and other innovative companies around the world,” said Tony Barkett, director of Silicon Valley Bank in Boston. “Our objective is to help the Q4 team move its business forward quickly with the right financing, connections and global services it needs as the company grows.”

“Our fantastic team of innovative and creative talent are the key to our ability to design and launch a series of successful web and mobile products, allowing us to expand our platform to also provide webcasting and market intelligence solutions” said Darrell Heaps Q4 founder and CEO. “It’s an exciting time for Q4 and this funding will help us scale our product design and engineering teams and continue to build a great company for the long-term.”

Q4 added 46 new hires in North America over the past year and has recently doubled its office space to an 8,000 square foot, brick and beam open-concept layout designed to foster collaboration and teamwork. Headquartered in Toronto’s trendy Liberty Village the office is easily accessible by highway and public transportation. With flexible hours, a flat structure, Friday socials, access to free Yoga and the free use of the Fitness Centre, Q4 is attracting new talent to meet the expanding number of its clients and to continue building new solutions.

About Q4 Web Systems

Q4 Web Systems is the leading provider of SaaS-based investor relations’ solutions for North American public companies. Focused on the best customer experience in industry, hundreds of Fortune 1000 brands including Nike, Salesforce, FedEx and McDonald’s use Q4 delivered websites, mobile applications and market intelligence solutions to redefine how they interact with capital markets. Website: http://q4websystems.com/

About Plaza Ventures

Plaza Ventures’ unique Investment Partner Program blends corporate, institutional and angel capital to fund high-growth Canadian companies and provide mentorship, connections and assistance in achieving liquidity outcomes. Plaza has invested as LP’s in early stage funds and accelerators across Canada and has completed follow-on investments in graduates from these programs. Website: http://plazaventures.ca/

About Atlas Venture

Atlas Venture is a venture capital firm specializing in investments in start-ups, seed, and early stage companies. It seeks to invest in the technology and life sciences sectors with a focus on personalized medicine, medical technologies, therapeutics, biopharmaceutical products, biology, drug discovery technologies, therapeutic platforms, innovative biomedical technologies, diagnostics, and medical devices. Within technology, the firm focuses on payments, SMB, consumer-facing innovation, emerging web service companies, next-generation media, gaming, and social technologies, enterprise and Internet infrastructure, big data and mobile infrastructure, and Internet related businesses. Website: http://www.atlasventure.com/

About Silicon Valley Bank

For more than 30 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Forbes named SVB one of America’s best banks (2015) and one of America’s best-managed companies (2014). Silicon Valley Bank is the California bank subsidiary and commercial banking operation of SVB Financial Group (Nasdaq: SIVB), and a member of the FDIC. Silicon Valley Bank and SVB Financial Group are members of the Federal Reserve System. Website: http://www.svb.com/