ThinkTank, Inc., a Denver, CO-based provider of digital workplace collaboration software, raised $20m in Series A funding.
Backers included existing investors AP6, the Swedish pension fund, and new investor Amadeus Capital Partners. In conjunction with the funding, Mikael Johnsson, Amadeus Venture Partner, joined ThinkTank’s board.
The company intends to use the funds to increase sales and marketing efforts, and R&D personnel.
Led by Matt Wenger, CEO, ThinkTank provides a platform that enables customers to gather input from many participants, in real time and wherever they are based, so that the best ideas can be curated and the impact and feasibility of each one assessed. Specific applications include strategic planning, budgeting and forecasting, change management, risk mitigation, Big Data implementation planning, Six Sigma planning, HR on-boarding and marketing campaign ideation, among others.