BRIDGR Announces Completion of $1.6 million Seed Round
Montréal, Québec, Canada, April 4th, 2023 – BRIDGR Group, (BRIDGR or the “Company”) a technology company based in Montreal, Quebec, Canada, has completed a $1.6 million round of financing to support the continued development and commercialization of its innovative technology that is disrupting the market as they redefine how consulting firms conduct assessments and collect data. Leading the seed round was Anges Québec, with participation from Investissement Québec as a representative of the Government of Québec, ACET Capital, Stoute Street Ventures, and several angel investors, including Philippe Telio, founder of StartupFest. This round of funding will allow BRIDGR to fast-track its growth and expand beyond Canada.
“We are delighted to witness our work being acknowledged and financially supported. In 2022, our company successfully pivoted its product focus, and the recognition and awards received in response serve as tremendous motivation to keep pursuing excellence.”, stated CEO Amira Boutouchent and CTO Mehdi Drissi, co-founders of BRIDGR.
The support of the Government of Québec was realized through the Impulsion PME program, for which Investissement Québec acts as a representative.
“Impulsion PME was launched to support companies seeking investment capital. The financing round announced today attests to the success of this collaboration within the innovation ecosystem,” stated Pierre Fitzgibbon, Minister of Economy, Innovation and Energy, Minister Responsible for Regional Economic Development and Minister Responsible for Montréal and the Metropolitan Region
“Québec’s technology industry is a key sector of our economy and helps make it stronger, more competitive, and more sustainable. Through the Impulsion PME program, Investissement Québec is pleased to support promising young companies like BRIDGR as they grow and develop new expertise across Québec. With our support, BRIDGR will be able to continue to advance its technology and help its clients boost their productivity.” says Guy LeBlanc, President and CEO of Investissement Québec
BRIDGR underwent a significant pivot in 2020, and its current mission is to optimize and streamline the consulting process. The company’s SaaS platform empowers consultants to gather data, analyze it, and translate it into practical recommendations. BRIDGR provides a cohesive solution, harnessing expertise throughout the consulting organization, that is versatile and can cater to various specialties, including human resources, IT, and finance, among others. By offering unified insights, BRIDGR helps consultants overcome organizational silos, resulting in increased customer satisfaction, improved operational efficiency, and, ultimately, higher profitability.
“BRIDGR looks very promising to me with an effective and concrete solution already used by several institutional clients, supported by a talented and dynamic team with a great concern for client satisfaction and business development.” – Hugo Privé, co-lead of the Angel Round, with Patrick Nadon.
“Digitization of the consulting sector has lagged behind other service sectors, and BRIDGR offers a next-gen tool for consulting practices to improve their internal efficiencies and processes.” Clay Gordon, Partner at Stout Street Capital
BRIDGR has recently made significant progress in its platform by incorporating artificial intelligence to send customized self-assessment links to businesses’ clients. The state-of-the-art tool is designed to adapt to each respondent by identifying and sending relevant questions based on their profile, resulting in tailored insights. Following this, the platform generates a personalized score and recommendations for the individual, their team, and their company, provided by the tribe knowledge of the client’s collective and updated in real-time. This allows for increased alignment between team members and across the entire organization.
“ACET Capital 2 is proud to have participated in the investment made in BRIDGR. We strongly believe in their vision and potential to create a positive impact on society through their innovative technology. We look forward to working with them to help them reach their full potential.” Dominic Denis, Investment Director ACET Capital
Since 2020, BRIDGR’s goal is to empower consultants with cutting-edge technology. As a SaaS platform, BRIDGR streamlines and optimize the operations of consulting firms, utilizing AI capabilities to offer tailored recommendations and monitor their post-implementation effectiveness. By using this software, consulting firms and organizations can boost their productivity and streamline their workflow while also identifying untapped revenue opportunities. BRIDGR’s technology transforms human expertise into customized and scalable advice, allowing consultants to focus on delivering maximum value to their clients. Visit www.bridgr.co for more information.
About Investissement Québec
Investissement Québec’s mission is to play an active role in Québec’s economic development by spurring business innovation, entrepreneurship and business acquisitions, as well as growth in investment and exports. Operating in all the province’s administrative regions, the Corporation supports the creation and growth of businesses of all sizes with investments and customized financial solutions. It also assists businesses by providing consulting services and other support measures, including technological assistance available from Investissement Québec – CRIQ. In addition, through Investissement Québec International, the Corporation also prospects for talent and foreign investment and assists businesses with export activities.
About Impulsion PME
Endowed with an envelope of $50 million, the Impulsion PME program, managed by Investissement Québec as a representative of the Government of Québec, aims to help young innovative companies with high growth potential, in all regions of Québec, to have access to start-up capital investment at the seed stage.
About Anges Quebec
Thanks to the strength and diversity of its network, Anges Québec strategically accompanies angel investors and passionate and innovative entrepreneurs in their international ambitions. Founded in 2008, Anges Québec has over 230 members who have so far invested close to $120 million in more than 160 Quebec high-growth potential companies, positioning itself as a leader in the Québec venture capital industry.
About ACET Capital
ACET is dedicated to seeking out bold and innovative technology projects and providing support to entrepreneurs throughout their journey to bring them to fruition. ACET accomplishes this by leveraging its investment fund, ACET Capital, which is specifically designed to take an equity stake in early-stage startups and provide them with the necessary financial structure to launch and implement their commercialization strategies. With a focus on fostering positive societal impact, ACET is committed to propelling startups with the potential to succeed in the future.
About Stout Street Capital
Stout street capital is a Denver-based generalist early-stage venture fund that invests in US and Canada, the fund is focused on investing outside of SF, NY, or BOS regions.