Year: 2016
Sandalphon invests in LogicGate’s Seed round
LogicGate Closes $1.9 Million Seed Round to Accelerate Growth of Its Process Automation Platform
Risk and compliance process automation company to expand engineering, sales, and marketing efforts.
CHICAGO, IL (PRWEB) DECEMBER 01, 2016
LogicGate today announced the completion of a $1.9 million round of financing with participation from OCA Ventures, Chicago Ventures, Hyde Park Venture Partners, MATH Venture Partners, Techstars Ventures, Firestarter Fund, Sandalphon Capital, Connetic Ventures, and a prominent Chicago-based angel investor. LogicGate will use the financing to grow sales and marketing and accelerate expansion of the LogicGate platform as organizations seek ways to streamline and automate regulatory compliance and risk management processes.
LogicGate’s platform enables enterprises to transform mission-critical compliance processes that lack appropriate controls and, if mismanaged, can expose them to financial risk. Organizations use LogicGate’s drag-and-drop process builder to create visual flowcharts of their business processes – and then deploy them as a highly-controlled, auditable applications. LogicGate’s clients use the platform for activities such as enterprise risk management, regulatory compliance, and compliance control assessments.
“We’ve found that many companies have been managing critical compliance and regulatory processes with what we call ‘duct tape and bubble gum’ – using spreadsheets, emails, and even paper and pencil. That works up until a point, but when it fails it can cause massive disruption for an organization,” said Matt Kunkel, CEO and co-founder of LogicGate. “Our mission is to provide an agile, self-service platform that automates many of the governance, risk, and compliance activities within an organization. This round of fundraising will help us begin to scale our sales and marketing operations and accelerate our engineering efforts.”
LogicGate was founded in 2015 by former risk, compliance and legal technology consultants Matt Kunkel, Jon Siegler, and Dan Campbell. They led teams that built custom enterprise systems from the ground up, helping some of the largest financial institutions and pharma companies comply with government regulations and avoid billion-dollar government fines. Most recently, LogicGate was a part of the Techstars Chicago 2016 class.
Future plans include implementing an intelligent learning engine which can actively learn how organizations interact with processes and can take corrective action without employee intervention.
About LogicGate
LogicGate’s platform allows businesses to automate risk and compliance operations by visually designing their end-to-end workflows and deploying them as controlled process applications, without writing a single line of code. Using LogicGate allows organizations to break free from their reliance on corporate IT by allowing non-technical employees to create self-service solutions.
Sandalphon Capital invests in HappyCo’s Series A
HappyCo Secures $7.5M Series A Funding
Round Led by Global Investors Focused on SaaS Validates Market Demand for Real-Time Enterprise Operations Management
SAN FRANCISCO, Oct. 5, 2016 /PRNewswire/ — HappyCo announced today that it has completed a Series A funding round of $7.5 million. Investors include 500 Startups, Point Nine, Flight Ventures and the SaaS Syndicate, a top syndicate on AngelList. HappyCo is the leading mobile inspection platform for driving operational excellence in the management of residential properties, commercial facilities and enterprise workforces. The company has powered more than 1.3 million inspections and more than 20 million inspection photos. In 2016, HappyCo has seen rapid adoption by enterprise customers — including many of the NMHC 50 list of top owners and managers.
“No matter what industry you’re in, the key to delivering operational excellence is to use best-in-class mobile and cloud tools across every aspect of your business,” says HappyCo CEO Jindou Lee. “We’ve spent the last five years building and refining our platform to replace manual operational processes with real-time auditing and business intelligence tools that empower companies to dramatically improve their key performance indicators. This round of funding validates our business model and technology, and it will allow us to scale our business to help more organizations succeed in today’s competitive data-driven economy.”
HappyCo plans to use the financing to expand its engineering and sales teams and to continue to increase its customer base. Two of the company’s primary goals are to enter into new verticals and add to its product suite.
Nathan Creswell, co-founder of the SaaS Syndicate and a partner at Flight Ventures, added that, “HappyCo has clearly established itself as a transformative force in the world of property management and is one of the most exciting real estate SaaS success stories that we’ve seen. The company not only has best-in-breed mobile apps, but its ease of deployment and high user adoption levels have made it the platform of choice for forward-thinking enterprises globally. Their model also has significant value in many verticals beyond real estate, and we are proud to be able to fuel HappyCo’s continued growth.”
About HappyCo
HappyCo (www.happyco.com) is a San Francisco-based software company that builds mobile applications for enterprise workforces to run their operations more efficiently. Its Happy Inspector product is used by thousands of companies and has facilitated more than 1.3 million inspections. The company was founded in 2011 and is privately held.
Press Contact:
VerbFactory for HappyCo
Richard Berman, 415-359-4906
richard@verbfactory.com
SOURCE HappyCo
Related Links
Sandalphon invests in Jiobit’s Pre-Seed round
This was the second investment made by our first fund.
Jio Raises $1.2M to Build An “Invisible” Wearable Platform – Starting With Kids
Funding Round Lead by Google Alumni and Techstars
Chicago, June 27, 2016 – Chicago startup Jio, Inc. announced it has raised $1.2M in seed funding to create the first of its kind location-based machine learning and low power sensor platform. Jio’s proprietary technology enables discreet form factors without sacrificing battery life. The capital raised will fuel the engineering, manufacturing, and marketing of their first product, Jiobit – targeted for pre-sale later this year.
“Long lasting battery life and simple integration into our clothing is just the beginning,” said founder, John Renaldi. “This disruptive technology will affect products for kids, adults, and other tangential spaces in the near future.”
Developed specifically for children, Jiobit is a mobile app and wearable device that discreetly blends into everyday clothing, delivering over a week of battery life. Jiobit addresses a common parenting challenge and promises to keep parents and kids connected. Through a wireless subscription service, Jiobit operates on a cloud platform that offers the most comprehensive set of monitoring and notification features available on the market.
Jio’s investors include several industry notables: Lior Ron, previously of Google and now cofounder of Otto; Jim Wicks, former SVP of Design at Motorola; Tyler Hall, VP at Samsung SmartThings; and Techstars, a mentorship-driven accelerator program who just announced Jio as one of its newest members.
“We see tremendous growth in technologies that help modern, tech savvy parents”, said Troy Henikoff, Managing Director of Techstars. “ Jio is developing a unique solution to a real problem, with technology that has implications across multiple categories.”
“We’re surrounded by technology, but it’s not helping us with what we care about most – our kids,” said Lior Ron, Jio advisor and board member. “The bar is very high. We need seamless technology and a fully integrated solution to truly resonate. John’s vision, leadership and team puts Jio in a position to lead the next wave of wearable technology.”
For updates, pre-order information, and a FREE one-year subscription visit jiobit.com.
About Jio
Jio is comprised of seasoned designers, marketers, and engineers with a history of building innovative and disruptive consumer products and businesses. In prior endeavors the team has logged a combined 150 patents and developed and shipped products selling in the millions worldwide. Jio is proudly headquartered in Chicago, with a software development center in Silicon Valley.
For more info contact Lindsay Slutzky at lindsay@jiobit.com or visit www.jiobit.com.
Sandalphon invests in Page Vault’s Seed round
Page Vault software allows legal professionals to easily save and print webpage content (social media, corporate websites, blog posts) in a way that is forensically defensible and legally admissible. With one click, webpages are archived exactly as they appear online, key metadata is automatically stored, and an easy-to-share PDF output file is created. Affidavits can attest to the patent-pending architecture that preserves an evidential chain of custody. Page Vault also offers Collection Services to capture complex webpages or high-volume websites for clients. Learn more at www.page-vault.com.
This was the first investment made from our first fund. The round was led by Irish Angels.