Company News | Press Release: Completion of $22M of additional funding for growing Questback further
Questback announced today that it has completed a $22,000,000 structured debt investment with Capital IP Investment Partners (“Capital IP”) from US.
New York, New York – October 19, 2016 – Questback, headquartered in Oslo, Norway, is Europe’s leading supplier of Software-as-a-Service (SaaS) solutions for Enterprise Feedback, Employee Engagement and Customer Experience. The financing will be used to advance Questback’s further growth in the enterprise markets of the US, UK and Central Europe as well as to broaden its enterprise product offering.
“We have an extremely strong footprint in Europe, and we are now expanding aggressively in North America with our market-leading offering. We will expand our go-to-market organization in the US, UK and Central Europe and also further strengthen our technology platform. We continue to see that digitalization, innovation and hyper-competition are disrupting our customers’ business and driving increased demand for feedback” said Frank Møllerop, CEO of Questback.
“The Questback team has successfully built a strong and diversified feedback business that has been deployed by over 5,000 companies and a third of the Forbes 100. We are delighted to partner with Frank and his team to help accelerate the next phase of the company’s growth. The combination of Questback’s unique presence across Europe, leading multi-tenant SaaS platform, long-term relationships with global customers and partners, and highly experienced management team was a compelling thesis for Capital IP,” said Riyad Shahjahan, Partner at Capital IP.
ABOUT CAPITAL IP INVESTMENT PARTNERS
Capital IP is a private investment fund focused on opportunistic investments in innovative companies through the use of structured debt, royalty monetizations and legacy-asset acquisitions. Capital IP specializes in deploying capital through customized investment structures that provide significantly more financial flexibility to portfolio companies compared to traditional commercial banks and venture lenders, while minimizing dilution compared to growth equity and venture capital. Capital IP seeks to create financing solutions tailored to meet the operational objectives of a broad spectrum of emerging companies, including those which have not yet achieved cash flow profitability despite revenue growth. Over the past ten years, the principals of Capital IP have cumulatively invested nearly $1.2 billion in emerging healthcare and information technology companies and assets through their unique and innovative strategies.
Please see www.capitalip.com for more information.
Questback is a global leader in enterprise feedback management with more than 5,000 customers worldwide using its solutions for gathering, analyzing and acting on business-critical information. Questback’s customers improve their topline and organizational efficiency by improving the customer and employee experience. Like Questback, its customers believe that people and businesses need feedback to learn and grow, and Questback’s technology allows companies to capture this wisdom from customers, employees and the markets.
Please see www.questback.com for more information.