QuickMobile, a Vancouver-based provider of mobile event app solutions, has closed a $3.2 million round of funding led by existing investors, BDC IT Venture Fund and Vancity. The infusion of capital will allow QuickMobile to add the resources required to meet the unprecedented demand for its new multi-event mobile app platform and continue its international expansion. This funding follows $2.6 million of equity investments received in 2011 from angel investors and Vancity, and a $3.3 million round led by BDC IT Venture Fund in 2012. In addition, the company has recently added several members to its senior leadership team, including industry veterans in marketing, services, and product management.
“We are fortunate to have investors that share our vision and recognize the opportunity before us. Our revenues are growing exponentially year over year, and the demand for our multi-event platform is more than 10 times what we expected, with all of it coming from Fortune 1000 companies. It was clear we needed an infusion of additional capital to execute on our enterprise strategy, and a significantly higher valuation from the last round made it feasible,” said Patrick Payne, CEO of QuickMobile. “With a growing partner channel, a number of new products in development and tremendous enthusiasm for our multi-event platform, we need to add resources quickly. This is an exciting time for our company, and the support of BDC, Vancity and other private investors will allow us to meet our growth requirements, and continue to innovate and expand.”
QuickMobile’s multi-event platform provides enterprise customers with a cost-effective way to quickly create and distribute an unlimited number of customizable, feature-rich, branded mobile event apps. The new technology starts with a single, branded master application created by QuickMobile and allows anyone in the enterprise to quickly build a mobile app for any meeting or event.
Since its launch in November 2012, more than 25 Fortune 1000 companies have purchased the multi-event app platform. QuickMobile expects that these customers will create tens of thousands of apps this year alone. In addition, QuickMobile has secured over 40 channel partners to date, including 20 that will offer the technology as part of their event solutions portfolios.
Payne added, “We recognized a void in the marketplace for an enterprise-grade mobile event technology platform that allows companies to develop fully customized, fully branded meeting apps for any and all of their events. QuickMobile’s multi-event platform allows organizations to connect with their employees, customers, partners and other stakeholders in new and engaging ways. Our investors recognize this and fully support our innovation and expansion plans.”
“During the last several months, we have watched intently as QuickMobile has exceeded its own expectations, adding new employees, customers and partners at an accelerated rate,” said Andrew Lugsdin, a Partner at BDC IT Venture Fund. “The increasing demand for the company’s technology illustrated the need for additional resources in order to keep pace, and we are excited to be a part of the growth. We see QuickMobile as a current and future success story for its investors and for Canada, and we are committed to seeing them through this critical stage of the business.”
In September 2012, QuickMobile added its 100th team member. Today, the company has 145 employees and is currently looking to fill an additional 20 open positions. To support the business growth, QuickMobile has added several members to its leadership team, including:
- Robin Jones, VP of Marketing
- Rob Reilly; VP of Client and Partner Services
- Darren Card, Director of Product Management
Jones brings more than 20 years of marketing experience to QuickMobile, and most recently served as VP of Marketing at The Active Network. Reilly joins QuickMobile after serving as a consultant to growing technology firms, and VP at The Active Network. Card is a 16-year veteran of the Internet software industry and comes to QuickMobile from Vision Critical where he worked as VP of Product Management.