Keiretsu Forum, Zino participate in EnRoute's latest financing |
Connect with TechFlash on our Facebook page for all the latest technology news headlines and commentary, plus information and access to special events, photos from events, promotions and more.
Today On Techflash
- Zillow, tech groups join companies heading to the White House
- One reporter joins TechFlash, and another takes vacation
- Fannie Mae expands online sales
- More turmoil for Yahoo: Chairman steps down
- TechNet study: Washington third in 'app economy' jobs
- Check out this app: Executives list the ones they use most
- Check out this app: Executives list the ones they use most
- Microsoft co-founder Paul Allen 2011's most generous living donor
- Keiretsu Forum NW invested $24 million in 36 startups in 2011
- Top Congressional stock picks: Microsoft beats Apple
- What women really want (online): MoonTango aims to deliver
- Renters, buyers (and lookers) continue to flock to Zillow
- 'Fast Pitch Forum' to debut May 27 with some familiar names
- Keiretsu Forum NW invested $24 million in 36 startups in 2011
- TechNet study: Washington third in 'app economy' jobs
- First a deal with Verizon; now Coinstar buys a competitor
- Buuteeq rounds up $3.5M to help hotels 'put heads in beds'
- Check out this app: Executives list the ones they use most
Mass High Tech
Keiretsu Forum, Zino participate in EnRoute's latest financing
As we've noted before, making sure that packages get from point A to point B is not the sexiest of businesses. But some Seattle angel investors think there is money to be made in online shipping logistics services.
EnRoute Systems -- the Bellevue startup led by Azaleos founder Keith McCall -- has closed out the company's series A financing round at an oversubscribed $810,000. We previously reported on EnRoute raising $750,000, but the company opened up the round again after it won a $60,000 prize as part of the Zino Zillionaire Investment Forum.
EnRoute has had so much success on the fundraising circuit that it plans to open up a $500,000 convertible note and go after $3 million in series B funding next year.
McCall
In fact, the company raised more than $500,000 alone from chapters of the Keiretsu Forum -- which led McCall to say that you "get what you pay for" when it comes to angel groups. (That was a reference to some recent chatter on blogs, including TechFlash, about presentation fees at Keiretsu).
The company -- which has had more than 50 companies utilize its ShipIt! Portal for small to medium-sized businesses -- plans to reach profitability in the first half of next year, McCall said.
Customers include Renton Western Wear, Theo hocolate, BikeWagon.com and Lumber Liquidators, with McCall saying that the online subscription service can save shippers between $1.10 and $2.60 per $12 package.
Other investors in the most recent round included the Puget Sound Venture Club and former PetSmart CEO W.R. Ford Smith II.
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
TechFlash Team
Recent Sponsor Posts
Who's creating today's energy efficient buildings? Find out at the BetterBricks Awards, Feb. 16
BetterBricks Awards salute the individuals leading the way for high performance commercial buildings with an emphasis on energy efficiency. Join us as we recognize these standout green building professionals.
Award categories include: Advocate; Architect/Designer; Facility Manager/Operator; and Owner/Developer.
Keynote Speaker: Kevin Kampschroer, Director of U.S. GSA's Office of Federal High Performance Buildings. Kevin leads the U.S. General Services Administration's efforts in building sustainability and accelerating industry adoption of sustainable principles across all aspects of a building's life.
Register here by February 10!
If you are interested in buying a table, email Monica Alquist or call her at 206-876-5404.
The Triple Door Presents: The Atomic Bombshells "J'ADORE!: A Burlesque Valentine"
Seattle's reigning Burlesque super-troupe delivers a gorgeous and glittering VALENTINE featuring some of the Bombshells' most exhilarating acts to date. J'Adore! promises to celebrate l'amour with good humor, style, and a healthy dose of dazzle! Bring a friend, a lover, a family member, or a secret crush, and celebrate with the Valentine's Burlesque spectacular that will leave you shouting: "J'ADORE......The Atomic Bombshells!" The incomparable Jasper McCann emcees with high style and charm.
Please visit www.thetripledoor.net for a full schedule of future performances.
The Triple Door Presents: Bob Mould – See A Little Light: An Evening of Reading and Music
"Bob Mould. Those two words are synonymous with integrity. From Husker Du in the last century to right at this moment, Bob is the real deal, writing and playing music for music's sake. He's a great songwriter and performer. I have been a fan of Bob's for thirty years now with no end in sight." -Henry Rollins
Please visit www.thetripledoor.net for a full schedule of future performances.
Why Choose BDO for your SOC (previously SAS 70) Reports?
BDO’s experience in providing attestation services (SAS 70/SSAE 16, AT 101, AT 201, AT 601, etc.) to a broad range of industries, and our team of skilled professionals distinctly qualifies us to serve as your company’s Service Auditor. By leveraging the BDO global network of control specialists, we are poised to provide global services in more than 1,000 offices and across 119 countries. Many organizations find that investing in reports on controls may result in benefits, including:
• Increased client confidence
• Improved competitive advantage
• Minimization of frequent audits
• Streamlined business processes and controls
• Enhanced risk management
For detailed information contact Paul Martini at pmartini@bdo.com.
