Communications as a Service (CaaS) Industry News

TMCNet:  15Five Receives $1M in Seed Funding

[January 18, 2013]

15Five Receives $1M in Seed Funding

Jan 18, 2013 (Close-Up Media via COMTEX) -- 15Five, a software company focusing on producing transparency and alignment in organizations through structured, efficient and effective communication practices, announced that it has secured a total of $1 million in seed funding from Richmond Global, a seed- and early-stage venture capital firm.

Headquartered in San Francisco, 15Five is a new subscription-based SaaS company that officially unveiled its product last March and launched out of beta phase in August 2012. The company helps CEOs and managers capture a snapshot of their team's progress throughout a typical workweek on a conversational, cloud platform.

"There is a really big market opportunity right now and we are excited to partner with both Richmond Global, Ben Parr and all of our other investors," said 15Five CEO David Hassell. "All of these investors bring a lot of business world experience to the table and there's synchronicity in what we're all doing. Building on our earlier success, this funding will allow 15Five to expand our marketing and product development efforts, as well as accelerate our ability to reach more customers." More information: www.15Five.com ((Comments on this story may be sent to newsdesk@closeupmedia.com))

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