Rossland’s Thoughtexchange has raised a further $10 million in financing thanks to their surging growth.
The “world’s leading crowd conversation tool for leaders” has seen usage of its platform jump by over 600% since March as leaders across the globe have sought new and dynamic ways to connect and scale virtual conversations with their teams and communities.
Only six months after leading the company’s $20 million Series B financing, Toronto’s Information Venture Partners also led the current investment, with participation again coming from Yaletown Partners and Seattle’s Voyager Capital.
Usage of Thoughtexchange’s crowd conversation platform has seen sharp increases across numerous sectors from the very earliest days of the global lockdown. The dramatic acceleration in the shift to remote workforces has led to scalable virtual conversations becoming business-critical for leaders.
The Thoughtexchange platform allows leaders to ask an open-ended question to groups of anywhere from ten, to tens of thousands of people. Participants provide anonymized answers in their own words and then interact with the ideas of others, rating those they agree and disagree with. The most important thoughts rise to the top and leaders are able to use these unbiased crowd insights to inform critical decisions in real-time.
Thoughtexchange’s SaaS platform is used by a growing list of Fortune 500 companies, including McDonald’s, Allstate Insurance and American Airlines, thousands of education leaders across the globe as well as healthcare organizations, governments and leading technology startups.