everybody Counts will get $20M Vote of confidence for Electoral Tech
Bruce V. Bigelow September 23, 2015
San Diego-based totally everyone Counts, founded to provide stable, software-as-a-provider (SaaS) voting systems that eliminate the need for out of date balloting machines or paper ballots, has raised $ four million from buyers in a round led by means of Draper buddies, the undertaking agency based in Menlo Park, CA.
the corporate also raised $ sixteen million in a mezzanine debt spherical led by way of Falcon funding Advisors, a Boston personal equity agency, in step with a observation Tuesday.
CEO Lori Steele-Contorer, a former expertise fund supervisor who started everybody Counts in 2004, informed me simply over a yr in the past that the company had raised greater than $ 15.three million in previous years. So the newest financing deal brings total funding to greater than $ 35 million for the corporate, which has grown to about 60 workers.
Tom Tullie, who joined everyone Counts 10 months in the past as government chairman, mentioned nowadays the new spherical will enable the corporate to enlarge its gross sales and advertising operation and speed up the federal certification of the company’s opt for Quad Audit balloting device.
Tully, who was in the past the CEO of San Diego-based totally EcoATM (the cell software recycling company acquired via Outerwall for $ 350 million in 2013), said he led the hassle to raise capital for everybody Counts quickly after joining the corporate final December.
“once I checked out what the company needed, there was a number of stuff going on between then and the elections in 2016,” Tullie mentioned. “we needed to be funded in a fairly large approach.”
everyone Counts closed on the $ 4 million in fairness funding initially of the 12 months, and on the debt financing extra recently, Tullie stated. the corporate gives three distinctive internet-primarily based products: tool used for voter registration; instrument used for polling place management, and electoral administration software. while some states might buy the software for the U.S. presidential election in just over a year, Tullie said he’s anticipating that everyone Counts will get extra orders instantly following the national election in November, 2016.
“we needed to get our product in the market, and get it absolutely licensed throughout the federal certification process,” which is completed by way of the U.S. Election assistance fee.
everyone Counts has developed techniques for managing both governmental and private digital elections, enabling voters to cast ballots from laptops, capsules, and telephonically.
the company’s choose brand contains a suite of election merchandise that includes the Quad Audit vote casting machine, digital poll guide, Voter Registration and central Scan systems, as well as Election evening Reporting (ENR) technology.
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