Crossbeam, a data analytics startup that is seeking a niche in the B2B software market, has attracted $3.3 million in a seed funding round, including an investment from Slack.
Founded by Bob Moore and Buck Ryan, Crossbeam will hire a team of 10 people that will immediately try to push a value-creating product that fits its target market even before thinking of further growth.
Roberto Torres reported on Crossbeam for TechnicallyMedia:
Through what it calls a “collaborative intelligence platform,” Crossbeam lets organizations share data with one another to find data insights of value about common users or customers.
“We’re live now with a dozen companies in live, paid engagements using the real product out in the wild,” Moore said. “This corresponds to what you might call a launch of sorts, where we’re now openly accepting inquiries to join a pilot.”
For this round, the startup managed to assemble a high-profile group of backers. Co-leading the round is First Round Capital, with San Francisco-based partner Bill Trenchard running point. Moore said First Round founder Josh Kopelman suggested Trenchard, a five-time startup founder, for his knowledge in the B2B space. The second lead in the round is Uncork Capital, a former investor in RJMetrics which went by SoftTech VC back then.
Also joining the round is Slack, through its Slack Fund initiative. Guru CEO Rick Nucci, whose company got backing from Slack’s investment vehicle last year, made the intro. Finally, a new San Francisco fund called Village Global, which manages the personal wealth of tech figures like Mark Zuckerberg, Jeff Bezos and Diane Green joined the round.
