Roadmunk secures $1.5M seed financing

Roadmunk Inc., an enterprise SaaS platform that allows users to create visual roadmaps in a collaborative, cloud-based environment, has raised $1.5 million in seed funding led by Golden Venture Partners of Toronto, Felicis Ventures of Palo Alto, California, and Garage Capital of Waterloo, Ontario.

Founded in 2012 by Latif Nanji (CEO) and Tomas Benda (CTO), Roadmunk has offices in Toronto, Waterloo and London, England. Using this round of funding, the team will continue to focus on product delivery and customer success, with an emphasis on fostering alignment across enterprise organizations.

“Roadmunk has established itself as one of the early leaders in product management automation.” says Ameet Shah, Partner at Golden Ventures Partners, “They’ve tapped into an essential problem at any organization: clearly communicating plans and objectives across all levels. We believe they’ve created an exceptionally powerful system of record to help teams collaborate more effectively and drive results.”

Roadmunk will launch Master Roadmapping, a major upgrade to their platform, in early 2017.

photo credit: Roadmunk

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.