Shake, Signpost, and Apprenda Nab Series A, B, and C Rounds
Companies working on digital legal agreements, software platforms, and mobile marketing for local businesses have landed funding this week in New York.
On Wednesday, Shake in New York City said it raised $3 million in a Series A round led by SoftBank Capital with participation from RRE Ventures, ENIAC Ventures, BoxGroup, WGI Group, Mesa+, and investor Patrick Keane.
Shake has developed an app that lets users create and sign legal agreements such as contracts, personal loans, and nondisclosure agreements. The startup plans to use the new funding to expand its staff, as well as develop Web and Android versions of the app. Shake launched on iOS in September. The company is also working on features for enterprise users.
Apprenda—based upstate in Clifton Park, NY—also said Wednesday it raised $16 million in a Series C round led by Safeguard Scientifics, with Ignition Partners and New Enterprise Associates participating. A provider of a platform as-a-service, which enterprises use to build software and apps, Apprenda said it will use the funding to push adoption of its technology and attract more customers. Thus far Apprenda has raised $32 million in total funding.
New York’s Signpost, a mobile and Web marketing platform for local businesses, said Tuesday it raised $10 million in a Series B round. Backers of the round include OpenView Venture Partners, Spark Capital, Count Ventures, and individual investor Jack Herrick. Signpost said the funds will go towards product development and market strategies.
Since I last covered Signpost, the company has opened offices in Austin, TX, Denver, CO, and Santa Barbara, CA. The company said it plans to hire aggressively in 2014.