Utah Software Start-Up Quadra Raises Million-Dollar Seed Investment
The leadership at Quadra Inc. announced the finalization of $1,009,500 in seed-round funding. The funding was raised by several strategic syndicate investors through a round led by investment firm Fortify Capital Partners.
“We’re so grateful to have Fortify Capital Partners and this group of investors join us as investment partners,” said John Sanders, co-founder and head of marketing at Quadra. “We’re going to use this investment to grow Quadra so we can continue helping people monetize their creativity.”
“This diverse team has extensive experience in print on demand business operations, scaling ecommerce businesses, product manufacturing, software development and software company incubation. Their team is poised to redefine the print on demand and dropshipping industry by offering a SaaS-enabled marketplace.”
Fortify Capital Partners is a northern Utah based angel syndicate led by experienced entrepreneurs and venture-capital professionals. Fortify Capital Partners represents a variety of interests, including family offices, former founders, entrepreneurs and career angel investors, leveraging their network to provide strategic value and mentors to the companies they invest in.
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“Quadra is targeting a $4.9 billion market, led by proven leading experts in the category,” said the leadership of Fortify Capital Partners. “This diverse team has extensive experience in print on demand business operations, scaling ecommerce businesses, product manufacturing, software development and software company incubation. Their team is poised to redefine the print on demand and dropshipping industry by offering a SaaS-enabled marketplace.”
Prior to this investment, the Quadra founders had fully bootstrapped the company, leading to a successful launch of the first version of their software that added hundreds of ecommerce sellers to their growing customer base. They recently opened an office in Logan, Utah, which currently has 12 employees.
“We funded the development of the first version of the Quadra Marketplace app with profits from our own ecommerce store,” said Brian Rueckert, co-founder and head of operations at Quadra. “That’s why we’re so passionate about continuing to build Quadra – ecommerce has already changed our own lives, and we want to bring those benefits to others!”
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The investment will be used to develop a more robust platform, grow the Quadra team, create customer service processes and increase marketing efforts to bring Quadra’s products and services to individuals all over the world.
“We are excited to partner with Quadra in this endeavor and to bring additional strategic resources to the table to help them be successful,” leadership at Fortify Capital Partners said.
Advancing the technological capabilities of the Quadra Marketplace platform will be the main priority for leadership at Quadra in the coming years.
“It is an amazing feeling seeing our hard work paying off,” said Scott Carpenter, co-founder and head of technology at Quadra. “I love sharing our company’s vision with ecommerce sellers. It’s very rewarding when they entrust us to help them make that vision a reality by joining our platform. What we are building will change lives all over the world.”