Qmarkets Secures $5.2m in Funding

Qmarkets, a Tel Aviv, Israel-based provider of collective intelligence solutions for idea & innovation management, secured $5.2m in funding.

The round was led by LETA Capital, Club 100 Plus, and the State of Connecticut’s Department of Economic and Community Development.

The company will use the funds to further expand its product roadmap and increase its presence in the US market.

Led by Mr. Noam Danon, CEO, Qmarkets provides collective intelligence solutions for enterprises in a wide range of business sectors and geographies. In addition to idea management software, Qmarkets offers external crowdsourcing platforms, tech-scouting platforms, live innovation workshops, a prediction markets module, and more.

The company’s products include:
– Q-Scout, a platform that enables large organizations to efficiently identify, develop and assess external technological opportunities such as mergers, acquisitions, and partnership opportunities;
– Q-open, a platform for involving external stakeholders, such as suppliers and customers, in a large-scale open innovation initiative; and
– Q-City, a platform for governments and municipalities that helps them leverage the crowd of their employees and residents to improve public services.

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