CoTap Raises $5.5 Million In Series A Funding
CoTap is a workplace mobile messaging service that has raised $5.5 million in Series A funding. This round of funding was led by Charles River Ventures with participation from Emergence Capital Partners. George Zachary (Charles River Ventures) and Jason Green (Emergence Capital Partners) is joining CoTap’s board of directors.
CoTap was founded by former Yammer Chief Product Officer Jim Patterson and Senior Director of Engineering Zack Parker. CoTap plans on using the funding to accelerate the development of their product.
“SMS and mobile messaging have replaced phone calls and emails as the predominant way we communicate in our personal lives, but the workplace still lacks a dedicated tool for this type of communication,” stated CoTap founder and CEO Jim Patterson. “CoTap’s mission is to improve the way today’s employees interact in the workplace by offering them a familiar, but business-centric option for exchanging short messages. With this new capital and our investors’ seasoned experience, CoTap now has the necessary resources to deliver on this vision.”
Employees can communicate with each other faster and easier by sending short messages similar to an SMS. The messages can be sent one-on-one or in groups. CoTap employees can initiate new discussions and access all current conversations from their smartphones, desktops, and tablets across all devices. CoTap is going to offer security and compliance features to businesses that want to roll out mobile messaging solutions.
CoTap will be available later this year as apps on iOS and Android.
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry