Toronto’s ContactMonkey Raises $800K in Funding from Plazacorp and Angels

Toronto-based web startup ContactMonkey has raised $800,000 in a round of funding. The investment was led by Plazacorp Ventures with participation from undisclosed angels.

“ContactMonkey was born out of frustration,” said ContactMonkey founder and CEO Scott Pielsticker. “Why do organizations make it difficult for their customers to save their representative’s contact information? Copying and pasting peoples’ contact information from email signatures is simply too painful. I realized there was a need for a simple and elegant solution that works across all major address books. I’m very pleased that Plazacorp Ventures shares my vision.”

“ContactMonkey aims to change the way that businesses manage their people’s identities online,” said Rob Richards, Managing Partner at Plazacorp Ventures. “That’s a big hairy goal but one that we feel is attainable and needed now. A sender- managed cloud-based solution appears to be the ideal architecture. The company is gaining great traction and selling product every day. We have high hopes for this terrific team.”

ContactMonkey will use the new investment to “expand sales into the North American enterprise market.” The startup was founded last year.