Intellinote Secures $4.3M in Series A Funding Round
Financing to Support Growth of Cloud-Based Workforce Operations Management Solution already used by 1,200 organizations
RESTON, Va., January 14, 2014-- Intellinote, the first cloud-based Workforce Operations Management (WOM) solution built to optimize everyday collaborative workflows, today announced the completion of a $4.3 million Series A funding round led by investors Grotech Ventures and Boulder Ventures. Intellinote will use the funding to support its rapid customer acquisition, enhance its solution and expand its employee base to meet the growing needs of companies to optimize everyday collaborative workflows.
In less than one year, Intellinote developed and released the world’s first WOM solution designed from the ground up to enhance the efficiency and productivity of the modern workforce. More than 1,200 global companies are now using the Intellinote application to create virtual workspaces, take actions, collaborate and seamlessly get work done on any device, anytime, anywhere.
“COO’s and team leaders realize that today’s modern, mobile workforce needs a better way to capture notes, tasks, files and other information, keep staff productive, and ensure team members are on the same page, even if they’re physically dispersed. We’re honored that after just one year, over 1,200 diverse companies are using Intellinote to execute everyday projects, manage collaborative workflows and build valuable knowledge libraries to drive workforce efficiency and productivity,” said Bill Welch, Intellinote’s Co-founder and Executive Chairman. “Intellinote is committed to providing customers with a single end-to-end application to streamline workflow processes and drive social collaboration. This round of funding gives us the opportunity to invest in market expansion, continue enhancement of our product, grow marketing and sales and expand our staff to ensure we provide the strongest WOM solution to our current and future customers.”
As part of the transaction, Don Rainey of Grotech Ventures and Jonathan Perl of Boulder Ventures will join the Intellinote Board.
“We have been tracking the enterprise collaboration space for some time now,” said Don Rainey, General Partner of Grotech Ventures. “Intellinote truly rises above other solutions with a unique combination of intelligent features around note taking, collaboration, application integration and workflow management. We believe that Intellinote’s ability to bind today’s social processes gives it the backbone to be the defining vendor and leader in the WOM space.”
“Whereas traditional operations management has focused on an organization’s physical assets, Intellinote joins an emerging category of business task management software which focuses on optimizing an organization's people and the business processes they use,” said Alan Lepofsky, Vice President and Principal Analyst at Constellation Research. “Intellinote provides a platform for the workforce to organize, prioritize and collaborate on projects, integrate with existing applications, and reduce the time and stress traditionally associated with getting work done.”
Intellinote is the first cloud-based Workforce Operations Management (WOM) solution built from the ground up to optimize everyday collaborative workflows. Designed for both individuals and teams, Intellinote enables everyone to create virtual workspaces, take actions, collaborate, and seamlessly get work done – anytime, anywhere, and on any device. Intellinote is simple to use, requires no IT resources to implement, and includes dozens of pre-configured integrations and templates to support a wide range of existing business applications and functions. More than 1,200 global organizations – ranging from SMBs to Fortune 500 companies – use Intellinote to enhance the efficiency and productivity of their workforces. Backed by premier venture capital investors, Intellinote is headquartered in Washington, D.C., and can be found online at www.intellinote.net or on Twitter @IntellinoteInc.
Shaina Mardinly, 212-255-0080 ext. 15
Venture Capital Database