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Vancouver-based Tech Startup wantoo Closes Half-Million-Dollar Seed Round
Tuesday, November 10, 2015Company Profile | Follow Company
Michael Tippett, Founder and CEO, wantoo (Credit: wantoo)
Company will help organizations make smarter decisions on new product initiatives
Vancouver, BC, November 10, 2015--(T-Net)--Vancouver-based tech startup wantoo announced today that the company has closed a $500,000 seed round of funding to build out its platform and fuel expansion to markets across the United States and Canada. wantoo is the latest startup from serial entrepreneur Michael Tippett, who has spent the last six months building his team and advisory group.
Advisors include Vision Critical founder Andrew Reid and Slack founder Stewart Butterfield, as well as a number of other Silicon Valley veterans.
This seed round comes from angel investors in Vancouver, Calgary, and New York.
Tippett is a veteran of the startup scene in Canada and the USA. In Vancouver, he ran Growlab and Hootsuite Labs, but is best known for founding NowPublic, which at its peak was the largest user-generated news site in the world. As an early champion of crowdsourcing, Tippett believes that the same dynamics that drove the rise of social media can be used to power a company's new product development.
Describing the company's thesis, Tippett says, “People can come up with good product ideas on their own, but great ideas emerge from conversations with customers. Right now customers are talking on social media, but wantoo wants to turn the chatter into actionable product priorities for organizations.”
wantoo lets companies build communities of customers to determine the demand for new product ideas. By measuring community feedback, the wantoo platform gives organizations data by which to make smarter decisions on new product initiatives. The platform also allows organizations to crowdsource new product ideas. The company is currently testing its approach in a pilot program with 20 startups.
wanto Management Team
wanto Board of Advisors
About wantoo
wantoo is Vancouver-based technology company founded by Michael Tippett. The wantoo platform gives organizations data and insight which they can use to make smarter decisions on new product initiatives. For more information, visit www.http://wantoo.io/contact/
Contact Person
Michael Tippett