QuickMobile closes $1.3 million funding from Vancity
Canada's largest credit union Vancity cites mobile app's positive community effect
Creator of mobile event and meeting apps, QuickMobile announced that it closed a $1.3 million round of funding from Canada's largest credit union, Vancity. This round comes after QuickMobile had secured $2.3 million from angel investors in August, bringing their total funding to $3.6 million.
QuickMobile develops interactive mobile event guides that conference attendees can download to their mobile devices or access via a mobile friendly website. Apps can be ordered from the company for one-time events, or for event series. Apps can be targeted for event planning, organizing, branding, and marketing.
"Essentially, QuickMobile takes a traditional printed program guide/agenda and makes it interactive, dynamic and alive by using smartphones," said president and CEO of QuickMobile, Patrick Payne to VatorNews.
QuickMobile apps allow event participants and attendees to access attendee lists, conference agenda, sponsor/speaker info, social networking, photos/video galleries, conference materials, venue maps, LBS, monetize event sponsorship, gamification techniques, and more.
Some recent events featuring QuickMobile apps include the annual meeting for the American Society for Reproductive Medicine (ASRM) 2011, Advent Connect Boston 2011, and Google Zeitgeist 2011. QuickMobile's customers include World Economic Forum, Accenture, Google, Microsoft, SAP, Intel, Cisco, Dell, Hilton, and Disney.
“QuickMobile has experienced extraordinary sales and revenue growth. As a private company, our revenue numbers are not shared publicly," said Payne. "[But] last year we had 12 employees and right now we have 60. Last year, we developed 45 apps, [and] so far in 2011, we have developed more than 300 apps. We have also had more than a million downloads of our apps."
“We were truly impressed with both [QuickMobile]'s growth, ranked as the 12th fastest growing company in British Columbia by Business in Vancouver, and positive impact of reducing paper waste by conference organizers,” said Investment Manager with Vancity’s Community Capital group, Todd Farrell, in a press release.
"Our solutions are sustainable," said Payne. "For example - one organization eliminated 90,000 printed pages of materials in year one and now their conference is 100% paperless."
