Q4 Web Systems, a provider of SaaS-based investor relations solutions for public companies, has raised a round of venture capital.
The round, valued at $5 million, was led by Plaza Ventures, supported by Atlas Venture and financing from Silicon Valley Bank.
The Toronto-based startup says it use these funds towards expanding product, engineering and sales teams.
“Our fantastic team of innovative and creative talent are the key to our ability to design and launch a series of successful web and mobile products, allowing us to expand our platform to also provide webcasting and market intelligence solutions” said Darrell Heaps Q4 founder and CEO.
Q4 is a SaaS-based financial content and data analytics platform for delivering investor websites, mobile applications and intelligence to CFOs and the investor relations departments of public companies.
“It’s an exciting time for Q4 and this funding will help us scale our product design and engineering teams and continue to build a great company for the long-term,” Heaps said.
“We are excited about the tremendous momentum Q4 is demonstrating and believe that, with this investment, we can help Q4’s strong management team to accelerate the company’s growth” said Matthew Leibowitz, Partner, Plaza Ventures and new board member of Q4.
Q4 added 46 new hires in North America over the past year and has recently doubled its office space to 8,000 square feet.