Groopit, a Seattle, Washington-based company that provides an enterprise SaaS platform, secured $3.5 million in seed funding.
The round was led by WestRiver Group, with participation from existing investors Cercano Management, Tapas Capital, Cascade Seed Fund, and others.
Groopit will utilize the funding to continue innovating its product and expand its customer base in the enterprise market
The company's platform enables organizations to crowdsource insights from employees and utilize that data to solve complex problems. The platform is already available on popular platforms like Slack, Teams, Salesforce, iOS, and Android, and is trusted by companies such as The Home Depot, Guidant Financial, and Stuckey's.
“Innovative leaders are using Groopit to get and actually use insights from employees. They’re building competitive advantage, improving customer experience, accelerating revenue growth, and tackling their most strategic initiatives,” said Tammy Savage, CEO and Co-founder of Groopit. “Solving complex problems is possible with the radical simplicity of Groopit. The solution is different from any other, replacing the pain of ad-hoc data chaos with the power of crowdsolving.”
Company: JJT, Inc.
Round: Seed Round
Funding Month: May 2023
Lead Investors: WestRiver Group
Additional Investors: Cercano Management, Tapas Capital, and Cascade Seed Fund
Company Website: https://groopit.co/
Software Category: Crowdsolving Software
About the Company: Founded in 2018 by Tammy Savage and John Vert, Groopit is a provider of crowdsolving software, a new category of enterprise SaaS software that transforms how people come together to solve problems. With Groopit, front-line employees share real-time data to illuminate a problem, and everyone involved is empowered to make better, faster decisions. Groopit streamlines data sharing into a single workflow, making it easy for frontline employees to share data in three taps. Groopit also integrates with existing enterprise systems, including Microsoft Teams, Slack, and Salesforce. The company is on a mission to help leaders engage their extended team to tackle their highest priorities.