Workstreamer Secures Seed Funding from Austin Ventures /
New York, NY – January 27, 2009 – Workstreamer LLC, a New York based startup software company pioneering the concepts of workstreams and workstreaming, today announced that it has obtained venture seed funding from Austin Ventures, one of the nation’s leading venture capital firms.
Workstreaming technology combines social media, streaming information and professional networking to enable the creation and capture of real-time work activity between individuals and businesses. Workstreaming technology is positioned to meet the accelerating demands of today’s modern workforce, including distributed collaboration, greater corporate transparency and exponential information growth.
The company was founded by entrepreneurs, Samuel Huleatt and Benjamin Schippers. The funding will be used to accelerate development and launch the commercial release of its flagship product, Workstreamer. Workstreamer is currently testing an alpha version of its software and already has a number of businesses and individuals workstreaming at workstreamer.com.
“We are extremely excited to be working with Austin Ventures; both parties understand that we are at the precipice of major change in the world of business. The very nature of collaboration and professional interaction is changing before our eyes enabled by a new breed of technologies and a major shift in work culture. Workstreaming will play a critical role in empowering individuals, groups, and organizations to transform the way work is done and business is operated,” said founders Sam Huleatt and Ben Schippers.
“Our relationship with Workstreamer continues Austin Ventures’ tradition of actively locating and partnering with the most innovative early-stage entrepreneurs and technology. We are very pleased to collaborate with the Workstreamer team and look forward to introducing them into our network of professionals, partners, and customers,” said Thomas Ball, Partner, Austin Ventures.
About Workstreamer
Workstreamer is an early stage software startup operating in “pre-launch” mode and is currently partnering and collaborating with select businesses and individuals. Visit workstreamer.com for more information.
About Austin Ventures
Austin Ventures (“AV”) has worked with talented entrepreneurs to build valuable companies for nearly 25 years. With $3.9 billion under management, AV is the most active venture capital and growth equity firm in Texas and one of the most established in the nation. With a focus on business services, information services, integrated media, computer and communications hardware, and enterprise software, AV invests at all stages of company development, from $100,000 “planned experiments” in early stage ideas to $100+ million investments in expansion rounds, minority recapitalizations, and buyouts of middle market growth companies. Visit austinventures.com for more information. |
