Catch.com Raises $7 Million In Series A
Catch.com has raised $7 million in Series A funding led by Excel Venture Management. Catch.com plans on using the funding to accelerate the development of their notes applications. Catch.com started in 2008 and is based in San Francisco. They have seen 13 million downloads on Android phones for their apps that include Catch Notes, Compass, and AK Notepad. Below is the full press release:
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Catch.com Secures $7 Million in Series A Funding
Startup Raises Financing to Expand Successful Mobile Apps That Capture and Organize Your Thoughts in Notes Whenever Inspiration Strikes
SAN FRANCISCO, Feb. 15, 2011 /PRNewswire/ — Catch.com announced today that it has raised $7 million in Series A funding led by Excel Venture Management. Catch.com will use the new financing to further accelerate the rapid growth of its secure notes apps built on its personal content management system for smartphones.
Founded in 2008, San Francisco-based Catch.com has more than 13 million downloads on Android phones alone across its range of mobile apps, including Catch Notes, Compass and AK Notepad. Its popular flagship product Catch Notes is the easiest and quickest way to capture, organize and sync notes, images, sounds or ideas throughout the day.
“Excel is an excellent partner for us as they have a tremendous amount of success in developing innovative startups with big ideas,” said Steve Brown, CEO of Catch.com. “We’re looking forward to working with them at a strategic level to expand our platform that captures and organizes anything you want to keep and remember.”
Catch Notes is built on the Catch.com personal content management system, which uses mobile geo-location to organize and find notes by location and map addresses sent securely from a mobile device. With an open API and open source examples that facilitate the development of a wide range of personal data capture applications, the Catch.com platform is being integrated by developers globally into leading apps, such as Free Dictionary, BBC News, DailyHoroscope and Favorite Recipes.
“The technology really piqued our interest because it is a disruptive platform driven by an outstanding management team,” said Juan Enriquez, managing director of Excel and Catch.com board member.
Catch.com, formerly Snaptic.com, develops mobile and web applications that make it simple to capture, organize and share information on the go and keep it synchronized in the cloud. Catch.com is a leader in note-taking and geo-tagging applications for Android and iOS devices. Numerous leading smartphone applications integrate with Catch.com. For more information, please visit www.catch.com.
About Excel Venture Management
Excel Venture Management builds companies that apply transformative life science technologies to solve problems in healthcare and beyond. The Excel investment portfolio is balanced across healthcare IT and services, diagnostics, and medical devices, plus life science platforms that address adjacent markets including energy, chemicals, defense and agriculture. The majority of the team’s prior investments, which include some of the world’s premier healthcare and life science companies, are thriving and over half have achieved successful exits generating billions in value.
Catch.com and Catch Notes are trademarks of Catch.com, Inc. All other registered or unregistered trademarks are the sole property of their respective owners.