CoordinateHQ Reels In $5.5 Million Seed Round

REDWOOD CITY &&num;8212&semi; CoordinateHQ, a project management system for client service organizations, announced the closing of a &dollar;5&period;5 million seed round&period; The funding was led by Initialized Capital, with investments from Webb Investment Network and a number of angel investors&period;&NewLine;Too often, professional services companies rely on a patchwork of static tools to collaborate&period; CoordinateHQ removes the complexity and inefficiencies inherent in established software solutions, 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, spreadsheets, and messaging platforms while trying to ensure teams execute and deliver&period;&NewLine;&OpenCurlyDoubleQuote;For any client-facing software, 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,” says Jen Wolf, 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;”&NewLine;The CoordinateHQ founding team consists of Rick Morrison (CEO) and Jud Gardner (CTO), who previously founded and ran Comprehend Systems, 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;&NewLine;&OpenCurlyDoubleQuote;Our average customer has tried multiple software products without seeing clear returns,” said Rick Morrison, CEO of CoordinateHQ&period; &OpenCurlyDoubleQuote;By allowing the vendor to scale internally while still meeting the client on their terms, our customers routinely report tripling revenue, doubling project velocity, reducing churn by up to two-thirds, and incredible testimonials&period; The results have exceeded even our own expectations&period;”&NewLine;

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