Montreal-based Chronogolf, which develops cloud-based software solutions for golf courses, has announced a $2 million funding round.
The funding comes from iNovia Capital, Telegraph Hill Capital, VDP Croissance, and Anges QC.
Chronogolf has developed a cloud-based management software for golf courses. The software includes online booking, electronic tee-sheets, member management tools, customer loyalty, and point-of-sale solutions for pro shops, snack bars, and restaurants. The company’s PoS solution allows users to manage inventory, process purchases, and integrate payments and accounting with the tee sheet.
“This third round of financing allows Chronogolf to continue to execute on our mission to be the golf operators’ most trusted technology partner.”
“This third round of financing allows Chronogolf to continue to execute on our mission to be the golf operators’ most trusted technology partner,” said JD St. Martin, co-founder and co-CEO of Chronogolf. “Chronogolf is leading our industry’s digital transformation by empowering golf course operators with best of breed technology that makes their business more efficient, their life easier and their customers happier.”
Chronogolf said it has taken on over 500 customers including golf course operators in Missouri, Illinois, Texas, Florida, Quebec, and Ireland. The company said it plans to add sales offices into Pheonix, Arizona, and Richmond, Virginia, and double its engineering team at its headquarters in Montreal.
In February 2016, Chronogolf raised $1.5 million in a funding round led by iNovia Capital. The company has also partnered with Lightspeed as the supplier of its golf PoS software.
Over the next year, Chronogolf said it wants to continue its expansion into US and European markets.