Canvas the global leader in mobile apps for businesses today announced it has closed a 4 million Series C funding round led by Osage Venture Partners with participation from existing investors including Motorola Solutions Venture Capital
Canvas has rapidly established itself as one of the fastest growing mobile business application services in the world with thousands of organizations leveraging Canvas to replace cumbersome paper forms with highly customizable mobile business apps that work on nearly every smartphone and tablet on the market The firm’s Application Store now has several thousand ready-made apps that can be customized to an individual business user’s needs and Canvas also offers a do-it-yourself app builder toolkit that enables non-technical users to build mobile apps in minutes
Canvas was overwhelmed with the enthusiasm demonstrated by the investor community for our results and vision said James Quigley Chief Executive Officer Canvas Revenues accumulated by the global mobile application market are expected to grow from 25 billion by the end of 2013 to 98 billion in , according to ABI Research Despite the outsized number there is reason to believe we have only scratched the surface for adoption of mobile apps and with this new funding support Canvas remains uniquely positioned to capitalize on this growing and untapped market opportunity ”
The financing will be utilized to further build out capabilities and functionality for Canvas to expand and support subscribers in markets across the globe and to accelerate usage of MyCanvas a secure personal data Cloud that provides consumers and business users with searchable access to important and useful data collected about them via the Canvas service
Canvas has assembled a tremendous leadership team roster of customers and innovative cloud platform that radically transform how businesses and individuals connect said Nate Lentz Managing Partner Osage Venture Partners It is exciting to see a company positioned to disrupt old school data collection methods by presenting a dead simple user experience that appeals to a broad cross section of businesses from doctors offices and electricians to oil field services and service repair companies This makes Canvas a multi-vertical solution that addresses the projected doubling of connected workers globally from one billion to two billion over the next five years by extending enterprise solutions to mobile workers ”
Organizations of all sizes ” ranging from Pepsi Bottling Ventures and the Olympic Development Authority 2012 London Olympics to small non-profits in Australia ” have turned to the Canvas mobile app platform to radically change how they collect share and analyze data While thousands of small businesses rely on Canvas as the core mobile technology platform for their organization Canvas also has penetrated large corporations ” where Canvas apps have gone from adoption to addiction as they spread from one business unit to another
About Canvas
Canvas is an easy fast and economical way for businesses to find customize and create mobile apps to replace paper forms Canvas is a cloud-based software service that enables users to collect information using mobile devices share that information and integrate with existing backend systems Canvas also offers the first mobile business application store of its kind allowing businesses from diverse industries to find mobile apps specific to their needs Canvas apps work on Android Blackberry BlackBerry Playbook iPhone iPad and Windows mobile/desktop devices Every Canvas app is customizable by the end user and can incorporate such functionality as GPS image capture barcode scanning electronic signatures and access to business lists such as parts catalogs and patient records To date Canvas has automated millions of manual processes and replaced over 26 tons of paper for businesses making it one of the fastest growing mobile app services in the world To learn more visit http://www GoCanvas com
About Osage Venture Partners
Osage Venture Partners OVP is a venture capital firm located just outside of Philadelphia Pa that invests in early-stage enterprise technology companies in the Mid-Atlantic region OVP raised its first fund in , and has invested almost exclusively in enterprise software companies since that time With over M under management OVP seeks to invest in determined and creative entrepreneurs and provide them with the assistance required to build high growth businesses For more information visit http://www osagepartners com
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