Tag: SaaS

Dura Software Acquires Nordic IT, Moves HQ to San Antonio
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Dura Software Acquires Nordic IT, Moves HQ to San Antonio

Another acquisition is resulting in a new information technology (IT) company moving to San Antonio. San Antonio-based Dura Software announced Friday its acquisition of the Denmark-based Nordic IT, Inc. The company provides email software for enterprise-size teams and is considered the industry leader for the maritime shipping industry which relies upon reliable email. Hundreds of shipping companies globally use Nordic's software for communications, a Dura Software company release stated. The company was founded in 2001 and has 50 employees, according to LinkedIn. While the Nordic offices in Copenhagen, Denmark and Singapore will remain active, the headquarters of the company has moved to San Antonio and will hire staff locally in the coming months. Former Rackspace vice president...
After the Geekdom Pre-Accelerator, FloatMe App Secures $25K from Alamo Angels
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After the Geekdom Pre-Accelerator, FloatMe App Secures $25K from Alamo Angels

The Alamo Angels have committed to investing at least $25,000  in early-stage financing equity funding for FloatMe, Alamo Angels executive director Cat Dizon announced at the investors’ event Wednesday evening. Founder Josh Sanchez experienced firsthand paying for unexpected car expenses with a payday loan for $200 that turned into a $250 payback balance after only two weeks. Sanchez started thinking of less expensive options to access money short term and developed the FloatMe app in 2017 to enable workers to get a “float” or short-term advance on their next paycheck without paying hefty fees or interest. The other startup to receive a $25,000 Alamo Angels investment was Checkups,  a San Antonio-based startup provides bond agencies and local municipal jurisdictions a mobile applicat...
Geekdom Pre-Accelerator Participant Checkups Scores $25K from Alamo Angels
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Geekdom Pre-Accelerator Participant Checkups Scores $25K from Alamo Angels

The Alamo Angels have committed to investing at least $25,000  in early-stage financing equity funding for Checkups, Alamo Angels executive director Cat Dizon announced at the investors’ event Wednesday evening. The San Antonio-based startup provides bond agencies and local municipal jurisdictions a mobile application and software platform for monitoring clients who are out on bond while awaiting trial. Founder Enrique Pavlioglou was one of six San Antonio startups participating in Geekdom’s six-week pre-accelerator program. Josh Sanchez's FloatMe was the other pre-accelerator startup participant that also received a $25,000 Alamo Angels investment. "Alamo Angels saw a huge opportunity to invest in both companies and add them to our growing portfolio of local startups," Alamo Angels ...
Cliently Scores $1M Seed Round from Active Capital, Moves to San Antonio
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Cliently Scores $1M Seed Round from Active Capital, Moves to San Antonio

One San Antonio-based venture capital firm is living up to its name, investing actively in promising business to business (B2B) software as a service (SaaS) startups which in this case, has lead to a promising company relocating to San Antonio. Cliently announced Tuesday its $1M million seed funding round led by Active Capital with participation from the Altair Capital Management company based in Tel Aviv, Israel. This most recent round is Cliently’s largest to date, having raised $500,000 previously. Active Capital’s investments include software businesses across the U.S. led by founders offering B2B services such as cloud computing, sales generation, and accounting technology Cliently chief executive officer (CEO) Spencer Farber launched the company to provide businesses an automat...
Active Capital Leads $1.8M Seed Round for Startup Back Office
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Active Capital Leads $1.8M Seed Round for Startup Back Office

Back Office, the automated bookkeeping platform for small businesses, announced a new $1.8 million seed funding round led by venture capital firm Active Capital. Other early-stage investors include 500 Fintech, PlugNPlay Ventures, and angel investors from San Francisco, New York, Florida, and Boston. Active Capital is headquartered in San Antonio, Texas and invests in (B2B) software as a service (SaaS) companies in cities across the U.S. Co-founders Felix Rodriguez, Glennys Rodriguez, and Edwin Mejia launched Back Office in January 2018 to help businesses automate their accounting and finance operations. Based in West Palm Beach, Florida, the emerging B2B SaaS company recently graduated from 500 Startups, a Silicon Valley-based seed accelerator. Back Office was one of 20 companies ou...
Active Capital Leads $1.75M Seed Round for Software Startup Cloudsnap
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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...
Scaleworks SaaS Company Keen Names Ben Kuhn as CEO
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Scaleworks SaaS Company Keen Names Ben Kuhn as CEO

One software as a service (SaaS) company in Scaleworks' portfolio has been steadily growing over the past year without an officially named chief executive officer (CEO) at its helm. Keen changed that Thursday in promoting Ben Kuhn as its new CEO. Keen offers data analytics tools to help software developers build their own analytics products.  The company built an application programming interface or API  platform that lets developers collect and study user data at a massive scale. Co-founders Daniel Kador, Kyle Wild, and Ryan Spraetz launched the startup (then called Keen.io) in 2011. Kyle Wild was Keen's CEO until Scaleworks acquired the San Francisco-area tech startup in December 2017. Scaleworks is a hybrid investment firm that mixes private equity and venture capital to acquire a...
Broker Expertise and Rackspace Experience Behind Brokerage Engine Startup
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Broker Expertise and Rackspace Experience Behind Brokerage Engine Startup

As real estate sales have become more complex, real estate brokerage firms are wrestling with how to manage the massive flow of information generated from sales and purchases of investment properties. One San Antonio startup has developed a web-based software solution that addresses this widespread pain point for real estate brokerage firms. Brokerage Engine launched its software as a service (SaaS) platform in March and formally formed in April with four co-founders, two from the brokerage world, two from the tech world. Brokerage Engine’s chief financial officer (CFO) Brianne Alston had been working as Kuper Sotheby’s International Realty CFO for over six years (and at the firm for a total of 14 years), working closely with its broker-owner J Kuper. Kuper Sotheby’s has been in busines...