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Batterii Closes $2.5m Seed Round

Feb 11, 2013

Batterii Closes $2.5m Seed Round February 11, 2013 Batterii, a Cincinnati-based enterprise SaaS innovation software platform, has closed a $2.5 million seed-stage funding round. CincyTech led the round with $500,000. Other investors include Batterii CEO Kevin C. Cummins, Los Angeles-based investor Ken Salkin, and undisclosed individuals. PRESS RELEASE Batterii, a Cincinnati-based enterprise SaaS innovation software platform, has closed a $2.5 million seed-stage funding round. CincyTech led the round with $500,000. Other key investors include Batterii CEO Kevin C. Cummins, Los Angeles-based investor Ken Salkin, and undisclosed individuals. Batterii is an enterprise social network used by companies to engage the creative potential of their employees, partners and customers to build new ideas, identify new products, drive process improvement and increase top-line revenue. It has acquired nearly a dozen customers so far, ranging from Fortune 500 corporations to interactive agencies, including the global marketing agency Octagon. “Octagon has a thriving global business, and our success is dependent upon exceeding expectations for some of the most demanding brands in the world,” said Woody Thompson, executive vice president of Octagon. “The Batterii platform has allowed us to collaborate across the globe, bringing Octagon talent together to drive the creative solutions that keep clients happy.” Cummins said that by enhancing and extending the creative process, the Batterii platform engages its clients’ employees and customers to build the best solutions together. “Batterii momentum continues with new features this month including more sophisticated Inspiration and Research curation, the ability to create private, shared and collaborative Walls, as well as an Android addition to our mobile offerings,” Cummins said. “We will be speaking at the Front End of Innovation conference in May, where we’ll be sharing more details about the evolution of our platform, exciting new partnerships and our unique perspective on how our tool Creative Process is changing the way business works.” About Batterii Batterii is a Cincinnati-based enterprise SaaS platform that empowers businesses and teams to accelerate collaboration and build inspired solutions. Batterii leverages the creative process to engage employees, partners and customers in a facilitated process that yields better, faster new products, ideas and breakthrough innovations. With Inspiration, Insights and Ideas at its core, the Batterii platform allows businesses to access the full creative potential in a small team or a global workforce. © 2015 Buyouts Insider / Argosy Group LLC

Ken Salkin Investments

2 Investments

Ken Salkin has made 2 investments. Their latest investment was in Batterii as part of their Seed VC - III on August 8, 2016.

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Ken Salkin Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/15/2016

Seed VC - III

Batterii

$0.5M

No

CincyTech, Kevin Cummins, and Undisclosed Investors

4

2/8/2013

Seed VC - II

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$99M

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10

Date

8/15/2016

2/8/2013

Round

Seed VC - III

Seed VC - II

Company

Batterii

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Amount

$0.5M

$99M

New?

No

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Co-Investors

CincyTech, Kevin Cummins, and Undisclosed Investors

Sources

4

10

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