CrowdSpark Technology

CrowdSpark Technology, a Toronto, Ontario-based subsidiary of the Australian technology and media company that engages in web-based and mobile software to help businesses gather and publish user-generated content, filed for bankruptcy on July 18. The company was founded by Alex Hartman in 2012, with its core technology developed by a French national news wire to deal with the volume of user-generated content it received during the Arab Spring in 2011. The company eventually went on to raise over $37.0MM from investors. Hartman, who rose to prominence as Australia's youngest tech entrepreneur in 1996, was deposed from the board in 2016 after Seven West Media took an 18.7% stake in the business. EY is the bankruptcy trustee.