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December 13, 2011

CrowdCompass Announces Closing $1.3 Million In Venture Capital Funding

CrowdCompass, a provider of native mobile apps for the global conference, event, and trade show market, has closed $1.3 million in Series “A” financing which was led by Oregon Angel Fund, an investor-driven venture fund supported by Oregon’s business and technology community and the Oregon Growth Account. CrowdCompass will leverage the investment funds to drive marketing and to drive development of its social-mobile technology for events.

The CrowdCompass offering has been designed as an easy and simple solution for event organizers which allows them to put all information pertaining to their events over all the leading mobile devices. The company’s apps enable organizers of events to effectively improve the event experience for the attendees which in turn helps increase additional revenue while bringing down costs of printing.

The CrowdCompass apps are easy to use are branded for the different events and are customized for use over different mobile device platforms, according to company officials. Furthermore, because the apps are designed to be highly scalable, they not only are capable of supporting current market growth but can support thousands of apps even in the future.

The number of event organizers who were leveraging the CrowdCompass platform has increased sharply at a 1000 percent over the past two years. 2011’s largest conferences such as the New York ComicCon conference as well as the annual meetings of The American Society of Anaesthesiologists and the Lions Clubs International conference have all largely benefited from deploying the CrowdCompass apps to improve their attendee experience.

Chief Technology Officer Dave Shanley along with Co-Founders Tom Kingsley and Brian Felder understood that native, branded apps were the best solutions for delivering mobile capabilities to the rapidly expanding event industry.

In a release, CrowdCompass Chief Executive Officer Tom Kingsley said, “We’ve already achieved scalability and proven the business model with solid growth. Mobile devices have disrupted the personal computing paradigm by changing the way we interact with each other and the world. Events are inherently mobile and social, so mobile apps are perfectly suited to them. This investment will be used to complete development work on our next-generation technology that will offer exciting new ways for attendees to share their experience with their network – before, during, and after the event.”


Calvin Azuri is a contributing editor for MobilityTechzone. To read more of Calvin’s articles, please visit his columnist page.

Edited by Carrie Schmelkin


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