Everyone Counts, the world’s leading provider of secure software based elections, announced today that it has closed a $16M mezzanine debt round closely following a $4M equity round of funding.
Boston based Falcon Investment Advisors LLC, led the mezzanine debt portion while Silicon Valley venture capital fund, Draper Associates, led the earlier equity round. Falcon partner Rafael Fogel will join Everyone Counts’ board of directors.
Executive Chairman Tom Tullie announced the round. “I am thrilled to bring these world class investment firms on board to partner with Everyone Counts. This new round of funding will enable us to build out our sales and marketing operation as well as accelerate the Federal certification of our eLect® Quad Audit voting system. It will also allow us to meet rapidly increasing demand at a time when the majority of the nation’s purpose built election equipment is reaching end of life and a modern cost effective Software as a Service solution is the replacement of choice.
“There is a strong global movement to modernize elections in the immediate future,” said Rafael Fogel, partner at Falcon Investments. “By funding Everyone Counts, they are now well-positioned to capitalize on this large growth market and ensure that state-of-the-art technologies are available to municipalities and voters before the next presidential election.”
Everyone Counts is a leader in election modernization with advancements in both governmental and private digital elections, enabling voters to cast ballots from laptops, tablets and telephonically. The eLect brand encompasses a full suite of election products including the Quad Audit voting system, Electronic Poll Book, Voter Registration and Central Scan solutions in addition to Election Night Reporting (ENR). Based off of a perpetually state-of-the-art platform, the product suite addresses two critical pain points facing election officials today- cost and sustainability.