FILE PHOTO: Photo by Austin Distel on Unsplash.
LOGAN – Logan-based software startup Quadra Inc. has successfully secured over $1 million in seed-round funding, led by Fortify Capital Partners. The Northern Utah-based startup’s platform empowers small businesses to optimize their online advertising efforts through automation and AI-driven technology.
Led by three founders from Cache Valley, Quadra has already achieved success through the launch of its initial software version, which added hundreds of e-commerce sellers to its growing customer base. This new funding will enable the team to create more robust software, enhance their customer service capabilities, increase marketing efforts, and expand their team.
“We’re so grateful to have Fortify Capital Partners and this group of investors join us as investment partners,” said John Sanders, Quadra‘s co-founder and head of marketing. “We’re going to use this investment to grow Quadra so we can continue helping people monetize their creativity.”
Fortify Capital Partners is a northern Utah-based angel syndicate that brings together a variety of interests, including family offices, former founders, entrepreneurs, and career angel investors. The team leverages their extensive network to offer strategic value and mentorship to the companies they invest in.
“Quadra is targeting a $4.9 billion market, led by proven leading experts in the category,” said the leadership of Fortify Capital Partners. “Their team is poised to redefine the print on demand and dropshipping industry by offering a SaaS-enabled marketplace.”
Quadra’s founding team has extensive experience in software development, ecommerce, product manufacturing, and business operations, positioning the company to disrupt the industry and level the playing field for small businesses.
“We funded the development of the first version of the Quadra Marketplace app with profits from our own e-commerce store,” said Brian Rueckert, co-founder and head of operations at Quadra. “That’s why we’re so passionate about continuing to build Quadra – ecommerce has already changed our own lives, and we want to bring those benefits to others!”
Quadra’s leadership is excited about the possibilities the new funding brings.
“It is an amazing feeling seeing our hard work paying off,” said Scott Carpenter, co-founder and head of technology at Quadra. “What we are building will change lives all over the world.”
With their Cache Valley roots and new infusion of capital, Quadra is poised for continued success in revolutionizing the ecommerce industry.
