Real-time engagement management solutions developer Scribble Technologies Inc. announced today that it has raised $8 million in new financing. The funding comes from an investment group led by Georgian Partners that includes Export Development Canada, Summerhill Venture Partners and Rogers Venture Partners. Scribble will use the current round of capital to accelerate its growth in the enterprise market, to fast-track ongoing global expansion, and to continue to develop its flagship solutions: ScribbleLive and ScribbleMarket. Recently launched, ScribbleMarket is a content syndication solution that enables the creation and distribution of real-time rich content from authoritative brands and media companies.
“Scribble powers some of the most important media companies in the world by enabling them to create, publish and amplify content in real-time,” says Michael De Monte, Co-Founder and CEO, Scribble. “Collaborating with Georgian Partners allows us to bring our expertise to global enterprise brands that want to be on the cutting edge of engagement management by offering rich content delivered in real-time.”
At the core of Scribble’s real-time content solutions for media and enterprise customers is the use of Applied Analytics and Big Data to deliver actionable insights that can optimize and amplify online engagement.
“We have a shared vision with Scribble of how real-time content will drive engagement for businesses going forward, especially corporate and enterprise brands,” said Simon Chong, Managing Director and Co-Founder, Georgian Partners. “Scribble is an industry leader in real-time engagement management. Their analytics-backed approach offers an ideal solution for trail-blazing enterprises that want to accelerate their content and rich media strategies.”
“Scribble’s industry-leading platform showcases the kind of innovation and customer focus that drives international growth, in a key export-focused industry,” said Andrew Pinkerton, Senior Investment Manager, EDC. “Helping strong Canadian companies in Canada’s tech sector develop from startups to fully commercial exporters is an important focus for EDC, and we see great potential for Scribble to make meaningful contributions to the industry.”