Thoughtexchange raises $4 mln in funding from Yaletown, angels

Thoughtexchange, a Rossland, British Columbia-based group insight platform, has raised $4 million in a convertible note financing. The investors were Canadian technology private equity firm Yaletown Partners and existing angel backers. Founded in 2009 and led by CEO Dave McLeod, Thoughtexchange provides software and services to help organizations hold group conversations and take action based on an understanding of common ground and areas of disagreement. It will use the funds raised to support continued growth. Thoughtexchange has previously been backed by First Generation Capital, JNKS Investments, Kingswood Capital and Marin Investments.