Tag: Chris Saum

SaaS Voice App Yac Closes $1.5 Seed Round led by Active Capital
Articles, Featured

SaaS Voice App Yac Closes $1.5 Seed Round led by Active Capital

Without tone and inflection, it's hard to tell sometimes if an email, Tweet, or text is meant as a compliment or a complaint. One Orlando, Fla.-based startup developed a voice app solution to solve this problem. Yac announced Wednesday a $1.5 million seed financing led by San Antonio-based venture firm Active Capital with participation from angel investors. Betaworks and Booth VC invested $275,000 in a pre-seed round that closed in April 2019. The Yac app helps users send voice messages asynchronously (meaning, there’s a delay between the message sent and the recipient’s response). On average, there are about 4,500 messages a month left on Yac’s service, and the company has around 250 daily active users, according to Yac founder Justin Mitchell. Mitchell, who is also founder of di...
Active Capital Leads $1.75M Seed Round for Software Startup Cloudsnap
Articles, Featured

Active Capital Leads $1.75M Seed Round for Software Startup Cloudsnap

A fast-growing Austin-based startup quietly operating since last summer has captured the attention of one San Antonio-based venture firm. Software company Cloudsnap announced Wednesday that Active Capital, which invests in early-stage software-as-a-service (SaaS) startups, is leading its $1.75 million seed round. Cloudsnap offers mid-sized companies a cloud-computing Platform as a Service (PaaS) system.  Their platform automates the secure transfer of data between third-party software applications and a company's enterprise resource planning or ERP business process management software. Companies use their ERP software to manage and integrate their financial data, supply chain, operations, reporting, manufacturing, and human resource activities across a business. Active Capital's inve...
After 1 Year, RealCo has 7 Startups, 1 New Managing Director, and Ambitious Plans
Articles, Featured

After 1 Year, RealCo has 7 Startups, 1 New Managing Director, and Ambitious Plans

The first year of the RealCo Long-Term Accelerator program has been extremely productive. The accelerator started in March 2017 with two companies and now has seven in its cohort. RealCo also celebrated its anniversary by announcing its latest addition to lead the company— the new managing director, Richard Grote. Grote started at RealCo Monday and joins Michael Girdley, the founding RealCo partner and co-founder and managing director for the Geekdom Fund, a venture capital fund investing in early-stage tech startups. Co-founder RealCo partner Chris Saum, who helped start MUD Geochemical Inc., a software startup that sold research and development services to the oil and gas industry, and partner Jenni White, former chief of operations at Codeup, round out RealCo’s managing team. Real...