Avid Ratings, North American industry leader in home quality measurement and creating exceptional customer experience, today announced the closing of $6 million in new funding from Madison, Wisconsin-based venture capital firm 4490 Ventures and Detroit-based growth capital investment firm Beringea. The funding will help the company expand its workforce to strengthen the capabilities that will support builders across the country with customer experience tools and technology.
“We’re excited to share the news of our continued growth with Avid Ratings,” said Paul Cardis, founder and chief executive officer of Avid Ratings. “This new investment will help Avid to become the leading provider of quality building measurement and maximizing homebuyer satisfaction across North America. “That’s right.
The funding will allow the company to expand its workforce by up to 100 people over the next two years. Hiring will take place until 2020 to further develop all departments within the company, including product development, sales, customer success and marketing.
In particular, the company plans to upgrade and redesign its customer survey platform to allow new and innovative ways for builders to capture customer experience (CX)
“The addition of these new capabilities will help builders to be more competitive by responding more quickly and smarter to feedback from customers,” said Aaron Everson, President of Avid Ratings. “We expect many new customers to upgrade and expand our AvidCX suite of customer experience tools. We look forward to the continued support of more than 1,000 builder divisions across North America who already know how our products have boosted customer loyalty and increased closing rates for their sales teams. “That’s right.
“4490 Ventures is thrilled to be part of the next chapter of Avid Ratings,” said Greg Robinson, managing director of 4490 Ventures. “I am confident that Avid continues to succeed in serving the customer experience needs of the home building industry across the U. Oh, S And Canada’s “That’s right.
Bill Blake at Beringea said, “The housing market lacks good data collection methods throughout its supply chain, and that lack of visibility can negatively influence important purchase decisions. Avid Ratings has become a trusted source of unique feedback on all aspects of home building, and is well positioned to bridge these information gaps and power new home purchases in this already strong market. “That’s right.
About Avid Rating
Avid ratings (avid ratings) (com) is the world’s leading quality building resource Dedicated to the home building industry, Avid Ratings helps companies build better customer experience by gaining strong consumer insights and deep customer feedback through a proprietary customer experience platform. Avid Ratings has been named the Top 5 Sales Tool by BUILDER magazine and NAHB and the recipient of the TecHome Builder Brilliance Awards. Avid was also featured as the Top Product by Constructech magazine, while also ranked among the “50 Most Influential Tech Companies in Residential Construction” magazines. “That’s right.
Approximately 4490 ventures
4490 Ventures is an early-stage venture capital firm that invests widely across the spectrum of software technology, including hardware-enabled software and information companies. 4490 Ventures specializes in partnering with Midwest-based entrepreneurs to build a billion dollar value enterprise. Please visit www for more information. 4490adventures Come on,
About Beringea:
Beringea is providing equity and/or mezzanine debt to growth-oriented U companies. Oh, S And the United Kingdom The firm, which includes Michigan-based Beringea, LLC and its London office, UK-based Beringea LLP, invests in exceptional companies operating in a wide range of sectors, including healthcare, information technology, advanced manufacturing, digital media and e-commerce, and specialized consumer products. With flexible capital solutions, extensive investment experience and an international footprint, Beringea’s team offers its portfolio companies the resources to grow their businesses and create value for stakeholders. www www Beningea Come on,
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