Gist Raises $4M More from Vulcan and Foundry Group

7/26/10

Seattle-based software startup Gist has raised an additional $4 million in equity financing, according to VentureDeal. Gist vice president of marketing Robert Pease confirmed the deal, adding that the latest round came from existing investors, Paul Allen’s Vulcan Capital and Boulder, Co-based firm Foundry Group.

Gist develops online software that helps business people keep track of all of their contacts—from e-mail, various social networks, and other sources—so that they can manage relationships in an easy and efficient way. The company, founded in 2008, has been picking up steam since it moved out of beta and became available to the public back in September. Gist provides a Web-based dashboard that compiles contact information from e-mail inboxes and social networks, and then integrates updates on said contacts gathered from articles, blogs, and networks like Facebook, LinkedIn, and Twitter in one easy online location.

The company raised $6.75 million in Series A financing from both Vulcan and Foundry in May 2009. Since then the company has continued to roll out new functionalities, including incorporating existing services from other companies as plugins in its dashboard. In January Gist’s technology became compatible, though in limited release, with IBM’s communication and collaboration software Lotus Notes. In March the company acquired Learn That Name, a locally born mobile application that helps people memorize the faces and names of LinkedIn contacts through a quick-paced quiz-style association game. Currently Gist services are available through iPhone and Android apps as well.

A request for comment on the deal was put in to Gist CEO T.A. McCann this morning, but was not immediately returned. We will update the story when we hear more.

Thea Chard is a correspondent for Xconomy Seattle. You can e-mail her at theachard@gmail.com or follow her on Twitter at http://twitter.com/theachard. Follow @

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