CoordinateHQ raises $5.5 million in seed round
CoordinateHQ recently announced it raised $5.5 million in a seed round. Initialized Capital led the round with investments from Webb Investment Network and several prominent angel investors.
Founded in 2020 by Rick Morrison and Jud Gardner, CoordinateHQ is designed for client service organizations. The platform is an intuitive portal, streamlining communication and facilitating business scalability. With a growing customer base, the recent funding will support customer acquisition and further enhance the platform’s capabilities.
Jen Wolf, Managing Partner at Initialized Capital, said in a statement:
“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.”
Professional service companies often use a mix of tools for collaboration, leading to complexity and inefficiency. CoordinateHQ simplifies this process, making it easy for hybrid teams and clients to work together. The platform eliminates the challenges of coordinating through email, spreadsheets, and messaging platforms, ensuring smooth communication and project delivery.
Rick Morrison, CEO of CoordinateHQ, commented:
“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.”
Source: CoordinateHQ
