The round was led by Beringea and backed by several prominent investors to accelerate market expansion.
"We are excited to welcome onboard some of the industry's leading investors as part of this fundraise and to have them support us on our mission to expand our market reach and help build better places. Commonplace is not only helping developers in gathering real-time feedback and public opinion, but also to reach those communities who wouldn't normally interact with application proposals. Boosting participation in community projects will empower positive engagement and help to build better cities and communities."
The seed round was led by Jenson Funding Partners to support platform development and technical hiring.
"The pandemic was incredibly tough for the whole travel industry. Rather than scale back operations to save money, we invested heavily in new and emerging technologies. The patience and hard work is finally beginning to pay off. In 2023, we have our first clients onboarded, more in the pipeline and new and exciting integrations being developed. The icing on the cake was when we secured funding through Jenson Funding Partners – this, along with our growing revenues from the system, will enable us to develop our brand and invest in extending the technical team further."
ScaleUp Capital has provided funding in its first deal from its fourth fund to support product development.
"GoReport is delighted to become part of the dynamic ScaleUp Capital portfolio. In delivering a tremendous product alongside exceptional customer service, GoReport has built an outstanding reputation and a base of impressive clients. Our success so far has been made possible through the support of our investor community. As we continue to move forward, ScaleUp’s position and expertise will undoubtedly support and assist us as we look to build on our growth and reputation and offer even more exciting solutions tailored for our target markets."
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