B.C. tech firm Thoughtexchange raises $20m in Series B funding round

Thoughtexchange employs 140 workers in Rossland, B.C. | submitted

What happened: Thoughtexchange raises $20m in Series B round

Why it matters: The tech company employs 140 workers in the B.C. interior

A B.C. tech firm that has developed a platform to crowdsource answers to questions has just answered a funding question of its own.

Rossland-based Thoughtexchange announced Thursday (December 5) it’s raised $20 million in a Series B funding round.

The round was led by Toronto’s Information Venture Partners, and included participation from Yaletown Partners in Vancouver and Voyager Capital in Seattle.

The tech company, headquartered in the B.C. interior, has 140 workers and said in a release it’s “growing rapidly.”

Users of the platform, which can crowdsource ideas from groups ranging from 10 to 100,000 people, include Allstate Corporation (NYSE:ALL) and American Airlines, Inc.