Funds for Canadian Survey Platform ThoughtExchange

In Vancouver, BC, Canada AI-based engagement and survey platform ThoughtExchange has secured $13.5m in equity financing, with which to expand its operations and footprint.

ThoughtExchange combines proprietary qual survey methods with AI capabilities on a SaaS platform used both by corporates and public sector clients - including educational professionals and nearly 40 million students across North America.

The funds came from InBC Investment Corp., joined by existing investors Information Venture Partners, Yaletown Partners, Voyager Capital, HarbourVest and First Generation Capital. InBC is an organisation working in parallel with the province's official Economic Plan to foster 'clean and inclusive' companies and support long-term economic growth, and its Chief Investment Officer Leah Nguyen enthuses: 'ThoughtExchange is innovating the way we engage as communities and building a company here in B.C. with global reach. Our investment into ThoughtExchange 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'.

ThoughtExchange CEO Dave MacLeod (pictured) comments: 'InBC has an exciting and important mandate and we're very happy to have them as investors in ThoughtExchange. 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'.

Web site: www.thoughtexchange.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.