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Crowdbase Raises Seed Funding to Reinvent How Businesses Capture, Organize, and Improve Team Knowledge
Sep 21, 2012 (02:09 PM EDT)
QUEBEC CITY, Sept. 21, 2012 /PRNewswire/ - Crowdbase (www.crowdbase.com), a Canadian start-up that is reinventing how teams capture and organize knowledge, has secured $650k in seed financing from Real Ventures, iNovia Capital, and Martin-Luc Archambault (Bolidea) to accelerate product development and expand its team.
Capturing Team Knowledge
Crowdbase allows teams to easily share questions, answers, notes, and Web links in a private social network, and then intelligently structures that data into relevant topics and pages. Unlike solutions such as corporate social networks in which content quickly becomes overshadowed by newer information, Crowdbase's solution enables critical knowledge to be better organized, searched, and shared, making businesses work far more productively.
"Building a limitless pool of collective knowledge that can be highly organized and retrieved at any time in the future makes organizations significantly more efficient. As the amount of data grows, so will the need for Crowdbase," said Chris Arsenault, Managing Partner at iNovia Capital.
Albert Dang-Vu, Crowdbase's CEO, added, "Businesses today are still sharing information using e-mails and status updates. Because of the quantity and speed at which information arrives, it is extremely difficult for people to know what in fact is even relevant. With this increasing amount of unstructured information, critical knowledge is eventually lost. Businesses are struggling to keep up with this new reality and are seeking an effective means to more efficiently share meaningful knowledge within an organization. This is the exact challenge Crowdbase is addressing with its new social knowledge platform."
Organizing and Improving Team Knowledge
Dang-Vu also noted, "In a world where employees are more transient than ever, it is increasingly critical for businesses' long-term survival to attempt to retain people's knowledge and ensure it is readily accessible in one central "team brain". Knowledge transfer and learning among new and existing employees is a key element in the Crowdbase platform."
To request access to Crowdbase's limited beta release, please visit www.crowdbase.com.
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