Mobile event app developer QuickMobile has announced an additional round of funding, with a $3.3 million infusion from BDC IT Venture Fund. Its original invesors, various angels and Canadian credit union Vancity, also contributed to the round.
This brings QuickMobile’s total funds to $5.9 million, after its initial $2.6 million equity funding round in 2011.
QuickMobile provides mobile apps for events that connect users while allowing event organizers to effectively communicate with attendees. The company has been expanded aggressively in recent months, pushing into international markets while simultaneously enhancing its infrastructure to handle existing and new features.
The company reports that it is on track for 400 percent growth and that downloads of its meeting app products have reached one million earlier this year.
As mobile devices continue to permeate culture worldwide, QuickMobile’s President and CEO Patrick Payne says his company is poised to continue its strong growth trajectory.
“Mobile is a huge, emerging space, from major advances in devices to the mobile apps that are targeted to the enterprise. Among the industry’s innovators is QuickMobile, which has a market-leading, proven solution that is used by a growing number of Fortune 500 companies. QuickMobile is led by a passionate and experienced team, which has identified significant market opportunities that will allow the company to continue to innovate and grow. BDC IT Venture Fund is excited to be a partner on this journey.”
While the meetings and events space saw some contraction during the recent downturn, QuickMobile broadened the product to appeal to corporations, venues, tradeshows and associations as well – any large group that would benefit from seamless mobile communication among discrete groups of people.
The company, based in Vancouver, recently brought on their 100th employee.
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Congratulations Patrick (and the rest of the QM team)! It’s great to see a Vancouver based tech company doing well in a highly competitive space.