# Thoughtexchange

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/thoughtexchange

- Industry: Internet
- Headquarters: Canada
- Website: www.thoughtexchange.com
- Total disclosed funding: $34M
- Latest round: Series B (Nov 10, 2020)
- Investors on record: 4

## About

Thoughtexchange is a Canadian company specializing in AI-driven engagement survey tools for K-12 educational institutions, enhancing how schools gather insights on critical issues like attendance and climate.Founded in 2009, Thoughtexchange operates a platform that allows educational institutions to collect and analyze data effectively. The company has not undergone any significant pivots or established subsidiaries. It is headquartered in Canada and has been involved in 7 funding deals. The most recent deal occurred on November 30, 2023, when the company raised CAD 13.5 million in funding, led by InBC Investment, with participation from First Generation Capital, HarbourVest Partners, Information Venture Partners, Voyager Capital, and Yaletown Partners. The total amount raised to date is CAD 13.5 million. The company was founded by Amos Michelson and is currently led by CEO Dave MacLeod.Thoughtexchange provides a suite of AI-powered engagement survey tools intended for K-12 educational institutions. Its main product is a survey platform that employs integrated AI analysis to deliver actionable insights on essential matters such as attendance, school climate, and staff experiences. This platform enables school districts to gather and analyze data swiftly, addressing critical use cases including enhancing student growth and optimizing resource allocation. It primarily serves school boards and educational leaders across Canada and the United States, targeting superintendents, school district administrators, and educational program directors. The platform's user-friendly design allows stakeholders to engage effectively with their communities through a single, streamlined system.Thoughtexchange utilizes a subscription-based revenue model, primarily selling annual subscriptions to school districts and educational organizations. This structure allows institutions to conduct unlimited surveys and access detailed data analysis reports. Pricing plans are customized to accommodate various district sizes and needs, reflecting the complexity of their engagement initiatives. The flagship product, which includes proprietary offerings, is marketed directly to educational institutions, supporting their engagement efforts and improving student outcomes. The revenue framework is structured to foster a sustainable partnership between Thoughtexchange and its clients, ensuring ongoing support and enhancement of their engagement tools.Following the recent funding round in November 2023, where Thoughtexchange raised CAD 13.5 million, the company plans to expand its operations and broaden its outreach. While specific new products are not detailed at this time, the funding will be used to support these initiatives and potentially develop new offerings tailored to the needs of K-12 institutions. Plans for geographic expansion are also expected, targeting new markets in Canada and the United States to enhance their client base and provide improved engagement solutions.

## Funding rounds

- Series B, Nov 10, 2020, $4M — HarbourVest Partners, Yaletown Partners, Voyager Capital, Information Venture Partners
- Series B, Jun 29, 2020, $10M — Yaletown Partners, Voyager Capital, Information Venture Partners
- Series B, Dec 5, 2019, $20M — Yaletown Partners, Voyager Capital, Information Venture Partners

## Investors

- Yaletown Partners (https://capitalatlas.ai/funds/yaletown-partners) — Series B
- Voyager Capital (https://capitalatlas.ai/funds/voyager-capital) — Series B
- Information Venture Partners (https://capitalatlas.ai/funds/information-venture-partners) — Series B
- HarbourVest Partners (https://capitalatlas.ai/funds/harbourvest-partners) — Series B