Userful announces $10M Series B following rapid growth since its $3M seed financing
Userful, the leading platform-as-a-service provider in the Enterprise AV-over-IP market secured $3M in seed funding including investment from Accelerate Fund II in June 2019. The company announced a $10M Series B Funding with participation from BDC Capital’s Industrial, Clean and Energy Technology (ICE) Venture Fund and Yaletown (Vancouver). In addition, Birchcliff Partners, Accelerate Fund, and other Series A investors recommitted with greater than pro-rata participation. The funds will be used for sales and marketing expansion, new product development, and ecosystem partnerships for its platform.
Operating since 2015, Userful’s platform facilitates the centralized management of a company’s visual network. Its technology operates directly on smart displays with no hardware required or an adapter to any legacy display.
Userful is currently used by over 1000 companies in more than 100 countries and includes Hilton Hotels & Resorts, the National Aeronautics and Space Administration, Ford Motor Company, Suffolk Construction, Nestlé, and Deloitte. Userful has since expanded from its headquarters in Calgary to open offices in San Ramon, California and Sao Paulo, Brazil.
Userful’s solutions enable modernized business operations for IT leaders and the functional departments they support. Userful helps organizations advance the way they work, learn and govern with secure, scalable and centrally managed solutions for employee and customer engagement worldwide.