deals, Software, funding
Report: Onehub Raises $600K
Gregory T. Huang 4/2/09
Bellevue, WA-based Onehub, a maker of collaborative software for businesses, has raised about $600,000 as part of an ongoing $1 million fundraising round, according to Northwest Innovation, which cites a regulatory filing. No other terms were disclosed. A Onehub spokesperson said the company is not discussing its funding publicly yet.
Gregory T. Huang is the Editor of Xconomy Seattle. You can e-mail him at gthuang@xconomy.com or call 206-624-2249.
4/2/09 6:08 pm
$500,000 of this came from Ignition, so I’d assume the remaining $100k came from 1-4 angels. Given their previous investment from Ignition, the relatively paltry angel support for what is a great solution with real market traction makes me very concerned about the health of Seattle angel investing.