Cary, NC – Early this week Cofounders Capital announced their 3rd and 4th investments. Unlike the first two investments that were follow on rounds, these are both new first round investments led by Cofounders.
EmployUS is a Raleigh based startup run by an NCSU graduate. It could become the Uber of the staffing industry by empowering employers to lessen their dependence on staffing agencies by offering referral bonuses to anyone who connects them to a great hire. Referrers can make thousands of dollars just by referring a friend for a new job. EmployUS was a Citrix Accelerator company and a winner of a $50K NC Idea grant. Cofouunders have lined up some solid beta customers and recruited a proven CTO.
Factivate is a business intelligence tool for sales and marketing organizations providing data aggregation, visualizations and alerts. In sharp contrast to the complex and expensive Business Intelligence tools on the market today, if you know how to use Excel then you know 95% of what you need to know to use Factivate and pull your cloud-based data into a simple familiar interface for analysis and manipulation. Factivate is run by a Duke graduate who currently works out of our lab in Cary. Cofounders lined up several large beta customers before leading the round.
Cofounders Capital is an early stage seed fund focused on software ventures in the Triangle. Created in 2015, Cofounders partnered with the Town of Cary to provide free lab space to entrepreneurs who receive expert help modeling and vetting their startup ideas. We help with prototyping, vetting and lining up beta customers.
The most promising of these ventures are then funded through Cofounders Capital’s $12M seed fund. Cofounders Capital is managed by serially successful entrepreneur, David Gardner with a team of over seventy advisers and volunteer mentors who are all investors in the fund, eager to support entrepreneurship in the Triangle and to help our portfolio companies and entrepreneurs succeed.