Funding group led by Georgian Partners includes Export Development Canada and returning investors Summerhill Venture Partners and Rogers Venture Partners
June 19, 2013 – TORONTO – Scribble Technologies Inc. (Scribble), the leading provider of real-time engagement management solutions, 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 (www.scribblelive.com) and ScribbleMarket (www.scribblemarket.com). 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.”
About Scribble Technologies
ScribbleLive is the leading provider of real-time engagement management solutions that allows brands and media companies to deliver timely, relevant and rich engaging content. ScribbleLive has a world-class portfolio of customers, including CNN, the Associated Press, Reuters, The Canadian Press, CBC, Rogers, Samsung, ESPN and others that are using billions of engagement minutes per month to gain a competitive edge in winning the hearts and minds of customers. Scribble was founded in 2008 by Michael De Monte, a media and technology industry veteran, and his partner Jonathan Keebler and has offices in Toronto, Canada and London, England. For more information, visit www.scribblelive.com
About Georgian Partners
Georgian Partners is a growth equity firm investing in expansion stage Enterprise Software, Internet and Information companies that are exploiting Applied Analytics: the convergence of Cloud-based business solutions, Big Data, and broad Information Rights. Founded by successful entrepreneurs and technology executives, Georgian Partners leverages our global software expertise to be able to directly impact the success of companies. For more information, visitwww.georgianpartners.com
EDC is Canada’s export credit agency, offering innovative commercial solutions to help Canadian exporters and investors expand their international business. EDC’s knowledge and partnerships are used by more than 7,400 Canadian companies and their global customers in up to 200 markets worldwide each year. EDC is financially self-sustaining and a recognized leader in financial reporting and economic analysis. For more information, visit www.edc.ca
For more information, please contact:
Ian Roberts, Weber Shandwick
416 642 7906
Tara Robertson, ScribbleLive
416 364 8118 x2092