Thanks to $500K in Growth Funding from an Angel Investor
LONDON, ON / ACCESSWIRE / November 25, 2014 / Local start-up ChainSync, a scalable franchise management system, is bringing more jobs to London's thriving tech corridor in the SoHo neighbourhood. Founded in 2012, the young company has over 500 active franchisee users. Moving forward, to facilitate their aggressive expansion plans, they have attracted a significant investment of $500,000 from an unnamed angel investor. The growth funding, coupled with ChainSync's existing revenue stream, will allow them to hire five new full-time employees.
ChainSync Founder and CEO Mike DeLorenzi appreciates what this development means for his company, and for London's startup community.
"ChainSync began with the vision to make it easy to run a franchise enterprise. In our first two and a half years we've successfully funded our operations from user subscriptions and implementation revenue." said DeLorenzi. "This round of growth funding will help us further expand into more franchise industries and we'll be hiring new staff in sales, customer support and development to make this happen."
ChainSync Inc. was founded in early 2012 by DeLorenzi while he was a 22-year old student at Western University. At that time he was also running Inspiratica, a successful web development company which currently employs over 20 Londoners. The idea for ChainSync software stemmed from Inspiratica's work with multiple franchise businesses that lacked a comprehensive, streamlined and easy-to-use franchise operations system.
Earlier this year ChainSync celebrated a significant milestone by reaching over 500 users in Canada, USA, the Caribbean and the Middle East.
Oxford Learning, another London business success, has selected ChainSync to manage their growing franchise operation. Oxford has rolled out the ChainSync system to over 100 branches and claims that the system is their "secret weapon" for growth and productivity.
ABOUT CHAINSYNC
ChainSync makes is easy for franchisors to manage and grow their business. The ChainSync system enables franchise organizations to recruit more franchisees, streamline operations, monitor performance, and turn leads into customers. ChainSync offers everything a franchise needs to keep multiple sites connected, informed and in-sync.
For more information or to request a free demo, please visit http://chainsync.com
MEDIA CONTACT
Brett Johnson, VP Marketing, ChainSync
[email protected]
1-800-430-9961
SOURCE: ChainSync