Jostle has raised $2 million.
The Vancouver-based startup raised the capital from a group of undisclosed angel investors. The round brings the Canadian company’s total funds raised to $6.6 million—none of which came from venture capital firms.
“All our investors are private individuals that believe in what we are doing. Most are strong business leaders that recognize the power of teamwork, culture and clarity,” said CEO Brad Palmer.
Jostle develops cloud-based intranet software for employee engagement. Revenue is constantly growing, the startup reports, and customers are renewing their paid subscriptions with the company at an impressive rate of 94%.
“Our platform presents an entirely new approach, appealing to leaders with operational experience, who immediately see the huge potential to our simple approach to fostering teamwork and connecting employees,” said palmer.