Another round of funding has found its way into a Canadian company. Toronto-based SaaS start-up Q4 Web Systems has landed $5 million in venture capital funds led by Plaza Ventures and the Silicon Valley Bank.
Q4 Web Systems provides leading companies with Investor Relations (IR) websites and apps on all screens — desktop, tablet and smartphones. It’s closest competitor in the space is NASDAQ and they recently managed to win over some of its major clients. Q4 Web Systems now has over 500 customers including Michael Kors, McDonald’s, Nike, FedEx, Hilton Worldwide, Visa and MasterCard.
2014 saw Q4 rapidly expand its operations and added 46 new employees and doubled its Toronto office space. The $5 million investment will assist the company to increase development, customer service, and hire more people, specifically in engineering and sales. The company now has a total of 98 employees.
Darrell Heaps, CEO & Founder at Q4, stated to BetaKit that, “We’re really excited about closing this round. It’s great to partner with Plaza, Atlas and Silicon Valley Bank and to continue expanding our talented sales, marketing and product development teams. It’s an exciting time in our market and this investment will go a long way in helping us achieve our vision of redefining how public companies interact with the market.”
As part of this announcement Matthew Leibowitz, Partner at Plaza Ventures, will be added to the Q4 Board of Directors.