Nashville, TN – May 31, 2012 Consensus Point, the provider of the Huunu prediction market software, announced today it has completed its financing round led by Relevance Capital’s NEST-TN, LLC, a TNInvestco fund, with an impressive group of investors, including Golden Seeds, DLA Piper, and the Tennessee Technology Development Corporation (TTDC) INCITE Co-Investment Fund. The capital will accelerate further development of the product offerings of their Huunu prediction market, as well as provide resources to expand their global user base in new markets.
Consensus Point, a Nashville-based prediction market company serving market research, media, and consulting firms, leveraged the Tennessee Technology Development Corporation (TTDC) INCITE Co-Investment Fund to match investments by NEST-TN and CP Investment Partners. Consensus Point also received investments from well known Golden Seeds and DLA Piper Venture Funds.
“Consensus Point is very grateful to have support from such outstanding investors and to be able to fuel our growth through TNInvestco and the INCITE Co-Investment Fund, created to stimulate innovation-based economic development and grow the creation of knowledge-based jobs in Tennessee,” said CEO Linda Rebrovick. “We look forward to returning value and creating jobs for our shareholders.”
Consensus Point is a leading provider of “crowd-sourced” prediction market technology and has worked with enterprise clients, such as GE and Motorola, to speed innovation and improve their decision making process. In recent weeks, the company launched its new Huunu prediction market platform, designed to improve engagement of consumers in market research and market intelligence. Huunu provides a new way for market researchers to ask questions and get richer, more insightful answers.
As one of the technology startups in Tennessee to be headed by a female CEO, Consensus Point is pleased to have received investment from women-led and owned investment firms, Golden Seeds and Relevance Capital. Golden Seeds, dedicated to delivering above market returns through the empowerment of women entrepreneurs and the people who invest in them, invests solely in women-owned and women-led businesses. “Consensus Point is rapidly expanding into market research and market intelligence organizations and is well-positioned to grow rapidly,” said Sandra Kresch, Managing Director of Golden Seeds in New York. “We are proud to add them to our portfolio of women-led companies.”
“Nest-TN is excited to partner with such a reputable syndicate of investors in this transaction. We believe greatly in Linda and her team at Consensus Point and look forward to watching them continue to build a dynamic business,” said Fran Marcum, CEO of Nest-TN. “We are honored to invest in a woman-led business right here in Tennessee.”
Consensus Point is the leader in prediction markets, the social predictive analytics solution.