ChallengePost Picks Up $4.1M in Series A Funding to Help Run Online Contests for New Ideas

Finding the best answers to big problems can mean looking to an outside party with bright ideas. The trouble is finding those fixes immediately. New York’s ChallengePost, a Web-based platform for running competitions, gives organizations and individuals a way to attract contenders who think they have got the right stuff.

Brandon Kessler, CEO of ChallengePost, says he created the three-year-old startup to be a central place for community groups, government agencies, companies, and others to call attention to issues they want help resolving. Users of ChallengePost include First Lady Michelle Obama’s campaign to improve school lunches and the World Bank, which shared data with developers via the platform in an attempt to help meet United Nations Millennium Developmental Goals such as fighting disease and poverty. “Large organizations use our platform to solve big problems through technology,” Kessler says.

New funding from investors is helping ChallengePost meet some of its own goals. Kessler says the company raised $4.1 million in a series A round, announced Tuesday, led by Opus Capital. Other participants in the round include

Author: João-Pierre S. Ruth

After more than thirteen years as a business reporter in New Jersey, João-Pierre S. Ruth joined the ranks of Xconomy serving first as a correspondent and then as editor for its New York City branch. Earlier in his career he covered telecom players such as Verizon Wireless, device makers such as Samsung, and developers of organic LED technology such as Universal Display Corp. João-Pierre earned his bachelor’s in English from Rutgers University.