ThoughtExchange, a Vancouver, Canada-based AI engagement and survey platform, has secured $13.5 million in equity financing.
The investment was from InBC Investment Corp., with participation from existing investors Information Venture Partners, Yaletown Partners, Voyager Capital, HarbourVest, and First Generation Capital.
InBC Investment Corp. is a strategic investment fund created by the Province of British Columbia with $500 million to invest in growing companies and venture funds to benefit British Columbia. It has a triple bottom line mandate to invest for financial profit as well as social and environmental impacts.
ThoughtExchange Use of Funds
The company will use the funds to further innovate in the field of community engagement and expand the company's reach.
ThoughtExchange is an AI-accelerated engagement and survey platform. It combines AI capabilities with qualitative survey methods to bridge the gap between quantitative sentiment and actionable solutions. The platform is designed to help organizations quickly gain critical insights, improve decision-making, and encourage inclusive problem-solving. Today, ThoughtExchange’s customers span school districts representing thousands of educational leaders and nearly 40 million students across North America, as well as large public and corporate organizations.
Company: Fulcrum Management Solutions Ltd.
Funding Month: December 2023
Lead Investors: InBC Investment Corp.
Additional Investors: Information Venture Partners, Yaletown Partners, Voyager Capital, HarbourVest and First Generation Capital
Company Website: https://thoughtexchange.com/
Software Category: Engagement Software