Chronogolf, a Montréal-based provider of software and marketing solutions to golf courses, has closed its third financing round, raising $2 million.
The investors were not disclosed. Chronogolf has previously been backed by Anges Québec, BDC Capital, iNovia Capital and Telegraph Hill Capital.
Founded in 2012 by Co-CEOs Guillaume Jacquet and JD St-Martin, Chronogolf serves more than 500 golf-course operators in North America and Europe, providing online booking, electronic tee-sheets, member and tournament management, customer loyalty and point-of-sale solutions.
The company said it will continue expanding in the U.S. and European markets and double its engineering team to support further technology enhancements.
Chronogolf Raises $2 Million Round of Funding, Expands in US, Canada, and Europe Golf Management & POS Software Market.
July 10, 2018
Today Chronogolf is announcing that it has successfully raised a third round of funding for a total of $2 Million. In 2018, the company generated record sales and was successful in expanding into the US, Canada, and Europe. To date, the company has taken on more than 500 customers (pro.chronogolf. com), including multi-course operators in Missouri, Illinois, Texas, Florida, Quebec, and Ireland. More than 1 million golfers have booked over 14 million golf rounds on the Chronogolf tee time marketplace.
The company has grown internally as well. This year, the team scaled to 40 employees including recent additions to its sales and product development team. The company will now add sales offices in Phoenix, Arizona and Richmond, Virginia alongside its current sales offices in Lyon and Vancouver. At its headquarters in Montreal, the company will heavily invest in technology by doubling its engineering team to speed up its mission of driving innovation in the golf industry.
Of the recent round of funding, Co-CEO and Co-Founder JD St Martin commented:“This third round of financing allows Chronogolf to continue to execute on our mission to be the golf operators’ most trusted technology partner.
Chronogolf is leading our industry’s digital transformation by empowering golf course operators with best of breed technology that makes their business more efficient, their life easier and their customers happier.”
Best-of-Breed Integrations Are The Cornerstone Of Chronogolf’s Philosophy
Currently, the company partners with Lightspeed as its supplier of golf POS software. The cloud-based POS system features sophisticated inventory management, purchase order processing, and integrates payment processing and accounting seamlessly with the tee sheet. To date Lightspeed serves over 50,000 customers world wide. Chronogolf tee sheet software also integrates with a wide variety of partners.
On building its product and vision for the future, Co-CEO and Co-Founder Guillaume Jacquet stated: “We plan to further develop robust mobile app capabilities, best-of-breed integrations, marketing and sales automation tools, and features designed specifically for multi-course operators.”
For the next year, Chronogolf looks forward to continuing its expansion into the US and European markets and will continue building its cloud-based software around its customer focused, best-of-breed strategy.
Chronogolf provides innovative cloud-based software and marketing solutions to golf courses ranging from online booking, electronic tee-sheet, member management, tournaments management, customer loyalty and point of sale solutions for pro shops, snack bars and restaurants. Over 500 golf courses trust Chronogolf as their software provider across the world. Chronogolf’s headquarters are in Montreal, with offices in Vancouver, Lyon, Phoenix and Richmond. Visit pro.chronogolf.com for more information.
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Matt Welliver, VP Corporate Development [email protected]