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More Funding for Invoke
US-based online and mobile research supplier Invoke Solutions is to benefit from $7 million in funding led by Portland, Maine-based North Atlantic Capital and its existing investors Bain Capital and BEV Capital.
The financing comes as Invoke launches its Engage Family of Research Solutions, expanding its quali-quant online and mobile research services to the market research industry. The firm says it will use the funding to continue developing its enterprise feedback management platform and increase its delivery capabilities during global expansion. Invoke partners with leading research firms as well as working directly for Fortune 1000 clients.
President and CEO Ben Cesare says the funding comes at 'an exciting time' as the Engage solutions are taking off in the US and in Europe: 'Our expanded delivery and support structure is making an impact and our development teams in Israel are producing great new offerings that will continue to drive our business forward as part of expanding our enterprise feedback management platform. This funding from North Atlantic Capital and our existing investors enables us to keep growing across the entire organization in order to scale the business in 2008 and beyond.'
David Coit, MD of North Atlantic Capital, says Invoke 'has demonstrated that they understand the market, have an executable plan to grow, and the pieces in place that will drive success.' The company's existing investors include also include the BRM Group.
Web sites are at www.invoke.com and www.northatlanticcapital.com.
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