Stitch Labs Lands $1 Million in Funding from True Ventures
By Zach Davis
February 22, 2012 Tech Cocktail
Yesterday Stitch Labs, the inventory management, invoicing, order fulfillment, contact management, reporting and analytics platform for small businesses, announced a $1 million round of seed funding from the Silicon Valley based True Ventures.
“We’re excited to be investing in Stitch Labs,” said True Ventures managing partner Phil Black. “Our mission at True is to support dynamic Founders of early stage companies targeting large and underserved markets, and we believe this talented team is well positioned to delight millions of owners of product-based businesses who are looking for simple yet powerful tools to manage their daily operations.”
Stitch Labs has found great opportunity in providing inventory management tools to small businesses, as the prior alternatives were bulky, large enterprise systems or managing inventory manually through spreadsheets or even (gulp) pen and paper. In their most recent blog post, Stitch Labs co-founder/VP marketing Willo O’Brien says, “We couldn’t be more honored that True recognizes our vision and the need for independent business owners everywhere to have access to an intuitive business management suite that helps them be more successful.”
And with the new infusion of funds this San Francisco-based startup will be adding to the talent of their team, specifically web developers.Source: http://tech.co/stitch-labs-lands-1-million-in-funding-from-true-ventures-2012-02