Rossland’s Thoughtexchange announced today that they’ve added Boston’s HarbourVest Partners to its list of investors, completing a Series B equity financing round now totalling $34 million.
In June Thoughtexchange announced that it had added a $10 million tranche to its original $20 million Series B round. Today’s announcement adds a final tranche $4 million, which included $3 million from HarbourVest.
Other investors in this Series B round include Information Ventures Partners, Yaletown Partners, and Voyager Capital.
“2020 has accelerated a permanent change to the way organizations operate,” said Dave MacLeod, co-founder & CEO, Thoughtexchange. “Voices need to be heard, in an inclusive and unbiased way, if leaders want to uncover the issues that are getting in the way of growth and success.”
Consistently recognized as one of Canada’s fastest growing companies, Thoughtexchange has recently passed 100 corporate customers which include many Fortune 500 brands like Allstate Insurance, McDonalds and American Airlines.
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Usage increased dramatically as leaders responded to the pandemic crisis and prioritized diversity and inclusion initiatives in their organizations. Millions of people have now engaged in candid crowd conversations using Thoughtexchange software.
Senia Rapisarda, Managing Director, HarbourVest Partners said, “Today’s dynamic business environment requires effective communication between leaders and their stakeholders. With changes to how people work, including operating remotely, the ability to quickly and effectively tap opinions and insights of teams will allow leaders to make more informed decisions. Thoughtexchange is well positioned to help organizations achieve this objective.”