Continuing to gain momentum, Fundmetric of Halifax last week received a $150,000 convertible note from BDC Venture Capital.

The startup actually became the 100^th startup in Canada to receive convertible notes from the VC arm of the Business Development Bank of Canada after graduating from a Canadian accelerator. Fundmetric, which helps charities to organize and carry out their fundraising campaigns, qualified for the program because it successfully graduated from the Launch36 tech accelerator.

“Fundmetric was a great fit for our program,” said Dominique Bélanger, BDC Vice President of Venture Capital Strategic Investments and Partnerships. “They already had a product and during Launch36 added customers, early revenue and hired sales expertise to grow into a venture grade company.”

Founded by Mark Hobbs and Chris Kolmatycki, Fundmetric has developed a software-as-a-service tool that lets charity workers communicate with their donors and plot fundraising campaigns. It presents lists of donors and their contact details, highlighting how they like to be contacted. It can stream the donors into groups. And, through a drag-and-drop mechanism, lay out the timeline of a fundraising campaign, plotting when and how to contact donors.

The VC funding is the most recent nugget of good news from a company that is galloping ahead.

As well as graduating from Launch36, Fundmetric also completed its one-year tenancy at Volta Labs in Halifax now has its own office.

The company was recently accepted into the prestigious Google for Entrepreneurs program, so Hobbs and Kolmatycki have been spending time at the Google Canada headquarters in Waterloo, ON.

The six-month program includes pitching to Google management, mentorship from key Google individuals and acceptance to the Communitech Startup Services Group’s Fundamentals Program.

Hobbs said the BDC funding will help the company build up its team, including more developers and a sales rep to help tap the U.S. market.

The company said in November that it was hoping to raise $550,000 in its current funding round, and Hobbs said that since that time it has added another angel investor.

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