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Crowdbase Raises Seed Funding to Reinvent How Businesses Capture, Organize, and Improve Team Knowledge
QUEBEC CITY, Sept. 21, 2012 /PRNewswire/ - Crowdbase (http://www.crowdbase.com), a Canadian start-up that is reinventing how teams capture and
organize knowledge, has secured $650k in seed financing from Real
Ventures, iNovia Capital, and Martin-Luc Archambault (Bolidea) to
accelerate product development and expand its team.
Capturing Team Knowledge
Crowdbase addresses the problem of dealing with the increasing amount of
data flowing into a company that becomes lost in the unstructured
clutter of user inboxes, notes and web history, or more importantly,
lost when an employee leaves.
Crowdbase allows teams to easily share questions, answers, notes, and
Web links in a private social network, and then intelligently
structures that data into relevant topics and pages. Unlike solutions
such as corporate social networks in which content quickly becomes
overshadowed by newer information, Crowdbase's solution enables
critical knowledge to be better organized, searched, and shared, making
businesses work far more productively.
"Building a limitless pool of collective knowledge that can be highly
organized and retrieved at any time in the future makes organizations
significantly more efficient. As the amount of data grows, so will the
need for Crowdbase," said Chris Arsenault, Managing Partner at iNovia
Capital.
Albert Dang-Vu, Crowdbase's CEO, added, "Businesses today are still
sharing information using e-mails and status updates. Because of the
quantity and speed at which information arrives, it is extremely
difficult for people to know what in fact is even relevant. With this
increasing amount of unstructured information, critical knowledge is
eventually lost. Businesses are struggling to keep up with this new
reality and are seeking an effective means to more efficiently share
meaningful knowledge within an organization. This is the exact
challenge Crowdbase is addressing with its new social knowledge
platform."
Organizing and Improving Team Knowledge
Crowdbase features a proprietary technology that analyzes social
interactions and information collected by each user or team. Crowdbase
then builds a knowledge-graph and interest-graph for each individual's
private group. By better understanding each member's expertise and
interests, Crowdbase can create a highly personalized discovery and
learning experience for each user.
Dang-Vu also noted, "In a world where employees are more transient than
ever, it is increasingly critical for businesses' long-term survival to
attempt to retain people's knowledge and ensure it is readily
accessible in one central "team brain". Knowledge transfer and learning
among new and existing employees is a key element in the Crowdbase
platform."
To request access to Crowdbase's limited beta release, please visit http://www.crowdbase.com.
About Crowdbase
Crowdbase (http://www.crowdbase.com) was founded in 2011 by a team of search, machine learning, and user
experience engineers. Its product focuses on social knowledge sharing,
collective curation, and discovery. The Crowdbase technology analyzes
the knowledge shared within a group and personalizes the learning
experience for each of its members based on his or her interests.
About iNovia Capital
iNovia partners with exceptional entrepreneurs to build successful
companies in high-growth sectors. The team is comprised of
entrepreneurs and sector experts focused on Mobile, Internet and
Digital Media. iNovia has $275M under management across three seed and
early-stage funds. For more information, visit http://www.inovia.vc or follow iNovia on Twitter at http://www.twitter.com/iNovia.
About Real Ventures
Real Ventures (http://www.realventures.com) is a seed venture fund based in Montreal that invests alongside great
entrepreneurs from idea to exit. We like to be the first money behind
great teams and companies in the Web, mobile, SaaS, e-commerce, gaming,
and digital media sectors. The team behind Real Ventures has over 67
years of combined experience in starting, funding, and growing
companies.
SOURCE Crowdbase
Crowdbase
CONTACT: iNovia Capital
Tara Pellegrino
tpellegrino@inoviacapital.com
(514) 982-2251 ext. 376
Crowdbase Raises Seed Funding to Reinvent How Businesses Capture, Organize, and Improve Team Knowledge
QUEBEC CITY, Sept. 21, 2012 /PRNewswire/ - Crowdbase (http://www.crowdbase.com), a Canadian start-up that is reinventing how teams capture and
organize knowledge, has secured $650k in seed financing from Real
Ventures, iNovia Capital, and Martin-Luc Archambault (Bolidea) to
accelerate product development and expand its team.
Capturing Team Knowledge
Crowdbase addresses the problem of dealing with the increasing amount of
data flowing into a company that becomes lost in the unstructured
clutter of user inboxes, notes and web history, or more importantly,
lost when an employee leaves.
Crowdbase allows teams to easily share questions, answers, notes, and
Web links in a private social network, and then intelligently
structures that data into relevant topics and pages. Unlike solutions
such as corporate social networks in which content quickly becomes
overshadowed by newer information, Crowdbase's solution enables
critical knowledge to be better organized, searched, and shared, making
businesses work far more productively.
"Building a limitless pool of collective knowledge that can be highly
organized and retrieved at any time in the future makes organizations
significantly more efficient. As the amount of data grows, so will the
need for Crowdbase," said Chris Arsenault, Managing Partner at iNovia
Capital.
Albert Dang-Vu, Crowdbase's CEO, added, "Businesses today are still
sharing information using e-mails and status updates. Because of the
quantity and speed at which information arrives, it is extremely
difficult for people to know what in fact is even relevant. With this
increasing amount of unstructured information, critical knowledge is
eventually lost. Businesses are struggling to keep up with this new
reality and are seeking an effective means to more efficiently share
meaningful knowledge within an organization. This is the exact
challenge Crowdbase is addressing with its new social knowledge
platform."
Organizing and Improving Team Knowledge
Crowdbase features a proprietary technology that analyzes social
interactions and information collected by each user or team. Crowdbase
then builds a knowledge-graph and interest-graph for each individual's
private group. By better understanding each member's expertise and
interests, Crowdbase can create a highly personalized discovery and
learning experience for each user.
Dang-Vu also noted, "In a world where employees are more transient than
ever, it is increasingly critical for businesses' long-term survival to
attempt to retain people's knowledge and ensure it is readily
accessible in one central "team brain". Knowledge transfer and learning
among new and existing employees is a key element in the Crowdbase
platform."
To request access to Crowdbase's limited beta release, please visit http://www.crowdbase.com.
About Crowdbase
Crowdbase (http://www.crowdbase.com) was founded in 2011 by a team of search, machine learning, and user
experience engineers. Its product focuses on social knowledge sharing,
collective curation, and discovery. The Crowdbase technology analyzes
the knowledge shared within a group and personalizes the learning
experience for each of its members based on his or her interests.
About iNovia Capital
iNovia partners with exceptional entrepreneurs to build successful
companies in high-growth sectors. The team is comprised of
entrepreneurs and sector experts focused on Mobile, Internet and
Digital Media. iNovia has $275M under management across three seed and
early-stage funds. For more information, visit http://www.inovia.vc or follow iNovia on Twitter at http://www.twitter.com/iNovia.
About Real Ventures
Real Ventures (http://www.realventures.com) is a seed venture fund based in Montreal that invests alongside great
entrepreneurs from idea to exit. We like to be the first money behind
great teams and companies in the Web, mobile, SaaS, e-commerce, gaming,
and digital media sectors. The team behind Real Ventures has over 67
years of combined experience in starting, funding, and growing
companies.
SOURCE Crowdbase
Crowdbase
CONTACT: iNovia Capital
Tara Pellegrino
tpellegrino@inoviacapital.com
(514) 982-2251 ext. 376