Collabor’s Software for Outward Collaboration at Businesses Ramps Up with First Outside Funding
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Fair Factories Clearinghouse, an organization helping to promote ethical and responsible manufacturing practices. The Collabor-created platform for that organization involves plug-ins for helping member companies track things like the location of factories and their audit histories, and share that information with others. It’s an interface with heavy analytics and business tools that looks vastly different from the seniors’ communication tool, but it’s powered by the same Collabor software.
Collabor has 65-plus business customers, including Capital One, Nokia, Visa and Blue Cross Blue Shield Massachusetts. And it’s in the process of closing a round of angel funding, says Kaujalgi (He declined to reveal the exact amount or identity of the investors just yet).
The roughly 50-person company charges an initial fee for setting up Work 2.0 (which also has a mobile version), and a monthly fee for additional software modules that the customer selects. Many software-as-a-service providers charge clients per user per month, but with the Collabor model, the more the users there are, the per-head cost for each user within an organization actually decreases, Kaujalgi says.
The company has certainly gained some traction with its current customer base, and it’s hoping the new money will give it an extra turbo charge, Kaujalgi says.
“It’s a community with a purpose,” Kaujalgi says. “Networking is the purpose. Our entire focus is how can we take this audit platform and collaboration community, and get companies all across the world to be sharing best practices.”
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