Chronogolf Raises $1.5 Million
February 24, 2016
Montreal, February 19, 2016 – Today, we are proud to announce that Chronogolf has raised $1.5 million in its second round of financing. This will help the company further develop its leadership position as an all-in-one golf course management solution and marketplace.
The golf industry is changing! Modern golfers are evolving and the role of golf managers has become increasingly complex and stressful. They wear multiple hats, juggling between course operations, pro shop management, food & beverage and now web marketing.
Chronogolf was founded by golf professionals who understand the pains of the industry and who saw an opportunity to help. We developed a cloud-based software solution that organizes and streamlines every aspect of the business, while offering easy tools to market to golfers, on and off the course.
Since launching, Chronogolf has been adopted by hundreds of courses spanning over 5 countries. As of January 1, 2016, 220,000 unique golfers have booked over 2.5 million rounds of golf using our booking engine. On average, a golf course using Chronogolf will increase its occupancy by 10.75% after its first year of using our services. “This is the metric we are the most proud of!” said JD St-Martin and Guillaume Jacquet (co-CEOs of Chronogolf) “It is a testament that we are building something very useful in driving operational efficiencies and revenue without the technical or cost hurdles.“
“Every so often, I have to go back to our old system to run a report or look up an account and that’s when I realize how much Chronogolf has improved everything for us — sales are made faster, it’s flexible and dynamic.”
– Tyler MacEachern, Director of the Greensmere Golf Club.
The financing was led by iNovia Capital, THCAP, members of Anges Québec and BDC Technologies Group. “The company is growing fast and we believe they will emerge as a leader in their space,“ said David Nault of iNovia Capital.
As the golf industry undergoes important changes, Ronan Vandeputte, a member of Anges Québec and of the board of directors of Chronogolf, considers that “Chronogolf is a choice partner for clubs looking to modernize and optimize their operations while improving golfers’ customer experience. I believe that the company’s growth will continue to accelerate and that it will position itself as a key player in the next years, both in Canada and internationally.”
Finally, and above all, we would like to thank the lifeblood of our company – our customers – for their loyalty over the years and for pushing us to continuously innovate. We are beyond appreciative of your business and will continue to be there with you as you grow and bring life to the golf industry around the world.
About Anges Québec
Anges Québec is a network of 180 private investors that identifies, finances, and coaches innovative Quebec enterprises with high growth potential. In this capacity, Anges Québec works with a number of key Quebec organizations interested in the development and promotion of Quebec-based technological innovations. So far, Anges Québec members have made 87 investments and reinvestments in 59 promising businesses in the seed and startup phases.
For more information on the Anges Québec network, visit www.angesquebec.com. Receive news about Anges Québec and its activities by joining our group on LinkedIn.com. A French version is available online at www.angesquebec.com/fr/nouvelles
Chronogolf provides innovative cloud based software and marketing solutions to golf courses ranging from online booking, electronic tee-sheet, members management, tournaments management, customer loyalty and point of sale solutions for pro shops, snack bars and restaurants. Hundreds of golf courses trust Chronogolf as their software provider across the world. For more details : Pro.chronogolf.ca
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