Rossland, B.C. born ThoughtExchange has raised $13.5 million in equity financing from InBC Investment Corp. along with existing investors Information Venture Partners, Yaletown Partners, Voyager Capital, HarbourVest and First Generation Capital.
ThoughtExchange is an innovator in engagement technology and problem-solving, bridging the gap between quantitative sentiment and actionable solutions by combining deep AI capabilities with proprietary qualitative survey methods.
“InBC has an exciting and important mandate and we’re very happy to have them as investors in ThoughtExchange,” said Dave MacLeod, ThoughtExchange’s CEO.
“It’s great to have strategic investors who understand inclusion and business success are not in opposition and are instead directly correlated. The world’s top performing organizations value the voice of the communities they serve.”
InBC identified ThoughtExchange as meeting their impact objectives to innovate for the future and elevate inclusive communities, as well as the potential for financial returns and benefits to the province.
“ThoughtExchange is innovating the way we engage as communities and building a company here in B.C. with global reach,” said Leah Nguyen, Chief Investment Officer of InBC. “Our investment into ThoughExchange will create more tech jobs in the province and support a local company that is bringing voices together and helping some of the world’s leading organizations solve complex issues.”
Over the past five years, ThoughtExchange’s revenue has surged by 585%, with its customer base more than tripling as organizations prioritize enhancing their decision-making process and encouraging inclusive problem-solving.