Scribble Technologies, a Toronto-based startup that offers engagement management solutions on a real-time basis, has declared on Wednesday, June 19th that it has secured $8 million in funding during a round that was guided by Georgian Partners. On this occasion, the Canada-based startup also revealed the names of other contributors, which includes Rogers Venture Partners, Summerhill Venture Partners and Export Development Canada. To the extent the usage of the $8 million fund is concerned, Scribble said that it will utilize the 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.”
Cofounder and CEO of Scribble, Michael De Monte said that, “Scribble powers some of the most important media companies in the world by enabling them to create, publish and amplify content in real-time. 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.”
Managing Director of Georgian Partners, Simon Chong said that, “We have a shared vision with Scribble of how real-time content will drive engagement for businesses going forward, especially corporate and enterprise brands. 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.”
Senior Investment Manager of EDC, Andrew Pinkerton said that, “Scribble’s industry-leading platform showcases the kind of innovation and customer focus that drives international growth, in a key export-focused industry. 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.”
ScribbleLive was recently launched as a content solution provider that allows media companies and brands to create, share and control their digital content with target audience in real-time. The quality of ScribbleLive can be judged from its portfolio, which includes clients like ESPN, CNN, Samsung, Rogers, Reuters, the Associated Press, CBC, The Canadian Press and several others are getting benefit from the services of Toronto-based startup.
All these clients utilize billions of engagement minutes each month so they could win the hearts and minds of their consumers and gain edge over their rivals. The startup was founded back in 2008 by Michael De Monte, who is a veteran when it comes to technology and media industry, and his associate Jonathan Keebler. Currently Scribble has offices in London and Toronto.
Source: TechVibes
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