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Obama Campaign Tool Gets $7M
AO Central Desktop, a collaboration tool used to coordinate Obama's California campaign, received $7M A-round from OpenView. The SaaS collab tool is aimed at small businesses, and has done pretty well--over 125,000 users with no venture capital.

From the press release:

    Over 125,000 Customers Marks Rapid Adoption of the Central Desktop Collaboration Platform

    PASADENA, Calif.--(BUSINESS WIRE)--Central Desktop, the Complete Business Collaboration platform for business teams, today announced a $7M investment from OpenView Venture Partners. The funding is the company’s first round of institutional investment and will be used to further accelerate Central Desktop's R&D, marketing and sales efforts into the under-served SMB market that requires robust business tools with ease of use at affordable prices. The company now serves over 125,000 users and business teams as its approach to Business Collaboration continues rapid adoption in the SMB market. In related news, Central Desktop was named a finalist in both the 2008 Red Herring 100 and SoftwareCEO's Most Innovative General Business Software Awards.

    “We were customers before investors,” said Scott Maxwell, Founding Partner, OpenView Venture Partners. “Not only have these guys created a truly remarkable product, but the traction Isaac and Arnulf have achieved without any capital resources is unprecedented. We evaluate 3,000 companies for every one we invest in, and I have extremely high expectations for Central Desktop, not only because of the great market opportunity here, but because I believe this team is capable of true greatness

 
Tags : SaaS, central desktop, openview partners, collaboration
Current Rating : Faded StarFaded StarFaded StarFaded StarFaded Star
Posted by AO Take at Apr 15, 08 11:16 PM | Permalink
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