CoordinateHQ: Project Management System Company Closes $5.5 Million

By Amit Chowdhry • Nov 29, 2023

CoordinateHQ – a project management system for client service organizations – recently announced the closing of a $5.5 million seed round. The funding round was led by Initialized, with investments from Webb Investment Network and several prominent angel investors.

Professional services companies often rely on a patchwork of static tools to collaborate. CoordinateHQ removes the complexity and inefficiencies inherent in established software solutions, making it easy for hybrid teams and clients to work together. And the platform eliminates the friction of communicating with a customer with a mix of email, spreadsheets, and messaging platforms while trying to ensure teams execute and deliver.

CoordinateHQ’s founding team consists of Rick Morrison (CEO) and Jud Gardner (CTO), who previously founded and ran Comprehend Systems, a provider of clinical analytics software. And they spent a decade managing complex customer projects and understand the frustrations and inefficiencies of collaborating with clients using legacy tools.

CoordinateHQ has an established and growing customer base that depends on the software to collaborate with clients, and the funding will help accelerate customer acquisition.

KEY QUOTES:

“For any client-facing software, the key differentiator is design; people expect intuitive interfaces with little-to-no onboarding efforts and the ability to customize functionality based on individual client needs. The CoordinateHQ team has an incredible understanding of their end-user and has built a product that has already proven itself as transformative.”

— Jen Wolf, Managing Partner at Inixtialized

“Our average customer has tried multiple software products without seeing clear returns. By allowing the vendor to scale internally while still meeting the client on their terms, our customers routinely report tripling revenue, doubling project velocity, reducing churn by up to two-thirds, and incredible testimonials. The results have exceeded even our own expectations.”

— Rick Morrison, CEO of CoordinateHQ

“100% of our clients have responded positively to our onboarding process for CoordinateHQ, with nothing but positive feedback. We’ve asked CIOs, network admins, IT managers, and stakeholders. Everyone agrees – CoordinateHQ is the most user-friendly portal they’ve used.”

— Seth Forbus, Senior Project Manager at Avsant