Patchell Brook Raises $360K Round
Summary
NBIF, which first invested in the company in 2017, said it has grown its revenue substantially in the past two years, built a promising pipeline of customers, and completed additional product development to help scale more affordably. “Brian has proven himself over the past five years, followed through on what he said and pivoted when needed,” said Nancy Mathis, Executive Director of the Wallace McCain Institute. Patchell Brook has developed a digital product called StockCalc that aims to take the uncertainty out of equity valuation for publicly traded companies. They also have a strong early adopter customer relationship with the Globe and Mail, and they just keep continuing to build interest from other large customers.” In an email, Donovan said the company now employs six people – five of them full-time – and has recently added a sales person. “Over the next year, we’re looking forward to continuing to grow our customer database and improving our platform to make it even more valuable for users,” said Donovan.