CoordinateHQ raises $5.5m seed round to build its collaboration platform

CoordinateHQ, a project management system for client service organizations, announced the closing of $5.5 million seed round. The funding was led by Initialized Capital, with investments from Webb Investment Network and a number of prominent angel investors.

Too often, professional services companies rely on a patchwork of static tools to collaborate. CoordinateHQ removes the complexity and inefficiencies inherent in established software solutions, making it easy for hybrid teams and clients to work together. The platform eliminates the friction of communicating with a customer with a mix of email, spreadsheets, and messaging platforms while trying to ensure teams execute and deliver. 

Jen Wolf, Managing Partner, Initialized Capital: ''For any client-facing software, the key differentiator is design; people expect intuitive interfaces with little-to-no onboarding efforts and the ability to customize functionality based on individual client needs. The CoordinateHQ team has an incredible understanding of their end user and has built a product that has already proven itself as transformative.''

Rick Morrison, CEO, CoordinateHQ: ''Our average customer has tried multiple software products without seeing clear returns. By allowing the vendor to scale internally while still meeting the client on their terms, our customers routinely report tripling revenue, doubling project velocity, reducing churn by up to two-thirds, and incredible testimonials. The results have exceeded even our own expectations."

Seth Forbus, Senior Project Manager, Avsant: ''100% of our clients have responded positively to our onboarding process for CoordinateHQ, with nothing but positive feedback. We’ve asked CIOs, network admins, IT managers, and stakeholders. Everyone agrees – CoordinateHQ is the most user-friendly portal they’ve used.''

CoordinateHQ has an established and growing customer base that relies on the software to collaborate with clients, and the funding will help accelerate customer acquisition.

www.coordinatehq.com