Tag: SaaS

Active Capital Leads $1.3M Seed Round for Stagger, a Visual Storytelling Platform for Businesses
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Active Capital Leads $1.3M Seed Round for Stagger, a Visual Storytelling Platform for Businesses

Stagger, a visual storytelling platform designed for small and medium-sized businesses, closed a $1.3 million round in pre-seed funding Wednesday. The San Antonio-based venture firm Active Capital led the round, with participation from Operator Partners, Hustle Fund, Adapt VC, and several angel investors. Stagger is a graphic design platform that includes templates for users to create social media graphics, presentations, and other visual content.  Chrissy Cowdrey launched Stagger first as an iOS app in mid-2019 for her own use.  Stagger has a drag and drop design much like Canva that business owners lacking complex design software experience can use. Stagger's added value is the machine learning features Cowdrey built into the platform to feed the analytics-based dashboard that tra...
RealCo Adds Startups FastVisa and Totem to Its Accelerator Program
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RealCo Adds Startups FastVisa and Totem to Its Accelerator Program

The RealCo long-term accelerator program added two more new companies to its portfolio last week: FastVisa and Totem. The San Antonio-based accelerator works with business-to-business (B2B) companies in the technology space looking to grow into larger, stronger businesses. FastVisa is a legal technology software startup based in Dallas, TX. Co-founders Paul Kang and Ethan Jeong launched FastVisa in March 2016 after their first-hand experience with the issue they are solving. The duo first met as students attending the John Hopkins Carey Business School. By 2014, they had started an education tech platform called The Given that provided on-demand tutoring for students.  Then, Kang dealt with the U.S. immigration system when sponsoring his wife for a green card, while Jeong applied...
HelpSocial Founder Matt Wilbanks Talks About Being Too Early and the Long Game
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HelpSocial Founder Matt Wilbanks Talks About Being Too Early and the Long Game

How do you know when it’s time to shut down your startup? HelpSocial chief executive officer Matt Wilbanks and chief technology officer Robert Collazo decided in late 2019 to close the company after six years of operations. The duo met while working at Rackspace. They developed a platform that collects social media comments into one dashboard to make it easier for companies to track and respond to customer service concerns. They launched their startup in 2014 to help enterprises address customer service issues on social media channels, selling its software to corporate call centers and other large businesses.  Over six years and six venture capital raises totaling $3.2 million, a business model pivot, and software as a service (Saas) platform redesign, the founders discovered t...
Active Capital Leads $1.5M Seed Round for Social Media Management Platform Cloud Campaign
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Active Capital Leads $1.5M Seed Round for Social Media Management Platform Cloud Campaign

Cloud Campaign, a social media management platform for marketing agencies, announced it closed a $1.5 million seed funding round Friday.  Active Capital, a San Antonio-based seed venture firm for business-to-business (B2B) software as a service (SaaS) companies, led the round. Also investing were Colorado-based Access Venture Partners, AdEspresso founder Armando Biondi, Datalogix chief operations officer Eric Kirby, and former Google vice president of marketing Scott Epstein. Ross Gray and  Ryan Born founded the company in 2017. Cloud Campaign has nine employees and is based in Portland, Oregon, with a second office opening in Boulder, Colorado, in the coming months. They previously received $20,000 in pre-seed funding.  Social media has become an essential element in marketing campa...
A Big Partnership for Higher Ed Data Analytics, Enflux Partners with ExamSoft
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A Big Partnership for Higher Ed Data Analytics, Enflux Partners with ExamSoft

Big data analytics company Enflux announced Tuesday its partnership with Dallas-based ExamSoft, the leading provider of assessment tools for universities. ExamSoft administers over 55 million exams for more than 1,700 academic, certification, and licensing programs and institutions. Partnering with ExamSoft enables the San Antonio software company to extend market reach for the Enflux higher-education enterprise software. The software as a service (Saas) startup developed its analytics software for health science schools and has three patents pending for its technologies. Enflux’s cloud-based platform helps universities track student performance, a leading indicator for schools maintaining accreditation status. “Capturing actionable data and providing meaningful reporting and anal...
SaaS Voice App Yac Closes $1.5 Seed Round led by Active Capital
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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...
Promoter.io Founder Chad Keck Talks About Being First, Offers Acquisition Advice for Founders
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Promoter.io Founder Chad Keck Talks About Being First, Offers Acquisition Advice for Founders

With little fanfare, San Antonio-based Promoter.io, a customer analytics and insights software as a service (SaaS) platform for small and medium-sized businesses, was acquired in September 2019 by Medallia, the global leader in customer experience management. In that same month, Medallia underwent an IPO four days before buying two other companies along with Promoter.io. Founders Chad Keck and Ricardo Reyna (who left the company in 2018) launched Promoter.io in 2013, working out of Geekdom, San Antonio’s first co-working space. The startup raised $1.6 million in funding over five pre-seed and seed funding rounds. Their latest round was in January 2018 for $150,000. Startups San Antonio caught up with Keck to reflect on why he built Promoter, the significance of being the first startu...
Scaleworks Spins Out Element SaaS Finance, a Debt Fund for Startup Financing
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Scaleworks Spins Out Element SaaS Finance, a Debt Fund for Startup Financing

San Antonio-based venture equity firm Scaleworks announced Thursday it spun out a new $10 million debt fund that will provide an alternative source of financing for startups. Called Element SaaS Finance, it was first launched as the Scaleworks Venture Finance Fund in January 2018. John Gallagher took over in January as Element's CEO from Karl Pichler, a former chief financial officer at Rackspace who was a general partner at Scaleworks managing the venture finance fund. Gallagher oversaw venture finance for Scaleworks and has almost 15 years of experience in asset management and financing. Element SaaS Finance aims to help business-to-business (B2B) software as a service (SaaS) startups secure loans to fuel growth. The debt fund looks for companies with a proven product and a stable ...
Chargify Adds Former Rackspace Sales Executive, Debuts Revenue Forecasting Tool
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Chargify Adds Former Rackspace Sales Executive, Debuts Revenue Forecasting Tool

Chargify, a San Antonio-based billing and revenue management software company, has hired a former Rackspace sales executive as its new chief revenue officer (CRO) and debuted a new revenue forecasting tool. The company announced Scott White as its new CRO Friday, according to a Chargify company post. White spent more than 15 years at Rackspace and was vice president (VP) for sales until 2018 when he moved to Mailgun as their sales VP in early 2019. White played an integral role in Rackspace's growth from $20 million in annual recurring revenue to becoming a multibillion global leader in managed hosting and cloud. His two-plus decades of sales leadership experience in the technology, cloud, and managed service markets makes White uniquely capable for what Chargify is focused on: Aggre...
Cloudsnap Hires Former Rackspace Executive as CEO, Lands $1.8M from Active Capital to Fund Growth
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Cloudsnap Hires Former Rackspace Executive as CEO, Lands $1.8M from Active Capital to Fund Growth

Cloudsnap, a fast-growing Austin-based software company, announced Thursday a $1.8 million funding round led by San Antonio venture firm Active Capital and Houston-based Mercury Fund as well as the hiring of former Rackspace executive Matt Bradley as its new chief executive officer (CEO). Both moves help position the software as a service (SaaS) startup for more aggressive growth. Cloudsnap offers mid-sized companies a cloud-computing Platform as a Service (PaaS) system that 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 ERP software to manage and integrate their financial data, supply chain, operations, reporting, manufacturing, and human resource act...