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Thoughtexchange Closes Final Tranche of $34M Series B to Accelerate Growth of Voice Platform

Thoughtexchange, the most advanced platform for scaling conversations, today announced adding Boston’s HarbourVest Partners to its list of investors which completes a Series B equity financing now totalling $34M.

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Thoughtexchange Closes Final Tranche of $34M Series B to Accelerate Growth of Voice Platform

“2020 has accelerated a permanent change to the way organizations operate,” said Dave MacLeod, co-founder & CEO, Thoughtexchange. “Voices need to be heard, in an inclusive and unbiased way, if leaders want to uncover the issues that are getting in the way of growth and success.”

Senia Rapisarda, Managing Director, HarbourVest Partners said, “Today’s dynamic business environment requires effective communication between leaders and their stakeholders. With changes to how people work, including operating remotely, the ability to quickly and effectively tap opinions and insights of teams will allow leaders to make more informed decisions. Thoughtexchange is well positioned to help organizations achieve this objective.”

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Consistently recognized as one of Canada’s fastest growing companies, Thoughtexchange has recently passed 100 corporate customers which include many Fortune 500 brands like Allstate Insurance, McDonalds and American Airlines. Usage increased dramatically as leaders responded to the pandemic crisis and prioritized diversity and inclusion initiatives in their organizations. Millions of people have now engaged in candid crowd conversations using Thoughtexchange software.

“Having HarbourVest participate directly in this round is validation of the trajectory Thoughtexchange is on and how significant its future potential is viewed,” said Rob Antoniades, co-founder & General Partner at Information Venture Partners. “As well as bringing capital support, the HarbourVest team has global reach and experience backing growth companies like Thoughtexchange. We’re immensely excited to have them join our group of core investors.”

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