BHRD — Startup Profile

Shareholder analytics and engagement platform for public companies

HQ: Toronto, Canada | Founded: 2017 | Employees: 2 | Stage: Seed | Website: https://www.bhrdglobal.com

About

BHRD ("Be Heard") is a shareholder analytics and engagement platform for public companies. The platform monitors investor activity to identify signals and provides targeted recommendations for shareholder engagement. Includes shareholder analysis, regulatory compliance tools, proxy mailing management, and analytics requests. Helps IR teams focus on targeting and engaging investors aligned with their long-term vision. Founded in 2017 by Bill Ma and Joshua Duggan. YC S18 batch. Raised $150K seed from Y Combinator and VentureSouq. Also received support from FinTech Sandbox. Headquartered in Toronto, Canada. Team of 2-3. Estimated $240K ARR.

The Take

BHRD is a niche but useful tool for public company IR teams. The YC S18 vintage means this is an older, likely lifestyle business ($240K ARR, 2 employees, no recent funding). Shareholder analytics is a crowded space with well-funded competitors (MZ Group, Q4, NASDAQ IR Insight). BHRD survives by serving a specific segment of the market. Not a high-growth startup but a functional micro-ISV.

Key People

Bill Ma
Joshua Duggan

Key Competitors

Timeline Highlights

2024: Reaches $240K ARR; operating as lean team of 2-3
2018-08: Raises $150K seed from Y Combinator and VentureSouq
2018-06: Accepted into Y Combinator Summer 2018 batch
2017: BHRD founded by Bill Ma and Joshua Duggan in Toronto

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