VentureApp Raises $4M in Funding to Accelerate Growth of Professional Chat Platform
Accomplice leads investment to scale VentureApp, a dedicated platform for professional chat that fills messaging voids left by LinkedIn
BOSTON, March 13, 2017 /PRNewswire/ -- VentureApp, a professional chat platform, today announced it has secured $4 million in funding, led by Ryan Moore, partner at Accomplice, with participation from Boston Seed Capital, Fullstack Ventures, and a number of prominent angel investors. Ryan Moore will also join VentureApp's board of directors.
Designed for professionals in the innovation economy, VentureApp makes it easy for users to communicate with their closest business contacts and connect with new partners in their extended business network. By building a dedicated messaging platform for continuous business chats, VentureApp is filling a void for professionals to quickly and easily get business done.
With the funding, VentureApp will become publicly available after previously being invite-only. To date, several thousand users from more than 2,000 companies in Boston and New York, including professionals from DraftKings, Silicon Valley Bank, HubSpot, Drizly, Goodwin Procter, and more, have chatted on VentureApp.
According to a Business Insider report, messaging apps are growing faster than social networks. While consumer social networks have moved aggressively to take advantage of the rise of mobile messaging, there is a huge void in the market for chatting with your extended business network. Further, LinkedIn users are unhappy with the social network experience due to recruiter solicitations and InMail spam, which no longer makes it the platform to engage with your most valued business connections.
"VentureApp is the team to build a valuable messaging experience for professionals, and early market signals prove that the platform is well-positioned for aggressive growth and messaging adoption," said Ryan Moore, partner at Accomplice.
This new funding will fuel strategic growth initiatives as VentureApp rolls out to professionals nationwide. As part of its mission to make influencers in the innovation economy more accessible, VentureApp is placing a strong focus on valuable partnerships and hosting daily digital Office Hours with top entrepreneurs, investors, and experts from organizations and businesses across the U.S. Additionally, VentureApp's iOS mobile app is currently in beta testing with hundreds of users.
"From the beginning, our team has been focused on breaking down some of the barriers to entering the innovation economy," said Chase Garbarino, co-founder and CEO. "Not only do we want to make external business communication more efficient and enjoyable, we want to make the community more accessible, which we believe is imperative to drive economic growth and positive returns for more people."
About VentureApp
VentureApp is a chat platform for professionals to communicate with their closest business contacts and connect with new partners in their extended business network. Headquartered in Boston, VentureApp launched in September 2015 with a focus on making the innovation economy more accessible to all in order to drive economic growth. Thousands of professionals from DraftKings, Silicon Valley Bank, HubSpot, Drizly, Goodwin Procter, and more. For more information, visit http://www.ventureapp.com or follow VentureApp on Twitter @VentureApp.
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SOURCE VentureApp
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