CoordinateHQ Reels In $5.5 Million Seed Round

<p><strong>REDWOOD CITY<&sol;strong> &&num;8212&semi; CoordinateHQ&comma; a project management system for client service organizations&comma; announced the closing of a &dollar;5&period;5 million seed round&period; The funding was led by Initialized Capital&comma; with investments from Webb Investment Network and a number of angel investors&period;<&sol;p>&NewLine;<p>Too often&comma; professional services companies rely on a patchwork of static tools to collaborate&period; CoordinateHQ removes the complexity and inefficiencies inherent in established software solutions&comma; making it easy for hybrid teams and clients to work together&period; The platform eliminates the friction of communicating with a customer with a mix of email&comma; spreadsheets&comma; and messaging platforms while trying to ensure teams execute and deliver&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;For any client-facing software&comma; the key differentiator is design&semi; people expect intuitive interfaces with little-to-no onboarding efforts and the ability to customize functionality based on individual client needs&comma;” says Jen Wolf&comma; Managing Partner at Initialized Capital&period; &OpenCurlyDoubleQuote;The CoordinateHQ team has an incredible understanding of their end user and has built a product that has already proven itself as transformative&period;”<&sol;p>&NewLine;<p>The CoordinateHQ founding team consists of Rick Morrison &lpar;CEO&rpar; and Jud Gardner &lpar;CTO&rpar;&comma; who previously founded and ran Comprehend Systems&comma; a provider of clinical analytics software&period; They spent a decade managing complex customer projects and understand the frustrations and inefficiencies of collaborating with clients using legacy tools&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Our average customer has tried multiple software products without seeing clear returns&comma;” said Rick Morrison&comma; CEO of CoordinateHQ&period; &OpenCurlyDoubleQuote;By allowing the vendor to scale internally while still meeting the client on their terms&comma; our customers routinely report tripling revenue&comma; doubling project velocity&comma; reducing churn by up to two-thirds&comma; and incredible testimonials&period; The results have exceeded even our own expectations&period;”<&sol;p>&NewLine;