Founded in 2012, CollateBox helps enterprises collaborate with their teams on multiple projects in the mobile world securely.
US and Bangalore-based CollateBox Inc, which helps employees of enterprises collect, share and act on data, has raised around Rs 1.2 crore ($180,000) from a group of angel investors and Teninnovate through equity crowd-funding platform LetsVenture, according to a VCCircle report.
The fund would be mainly used to take the product to the global markets.
Founded in 2012 by Ravindra Krishnappa and Ralph Vaz, CollateBox helps enterprises collaborate with their teams on multiple projects in the mobile world securely.
Krishnappa, co-founder and CEO of CollateBox, is an entrepreneur and angel investor with over 28 years of corporate, startup and technology experience and has worked with companies such as Oracle. He earlier founded Inatech InfoSolutions. Vaz, co-founder and CTO, has worked with companies such as EPiServer APAC, Ebbon Dacs, XP Software Solutions and Netgalactic. Earlier, he founded Wolf Frameworks India Pvt Ltd which is offering Platform-as-a-Service (PaaS) solutions.
CollateBox has been built for everyday tasks—from collating daily expense report to managing student data of an entire district with selective sharing and summaries.
“We were looking at raising $150,000 but we received such an overwhelming response that we received 20 per cent more than what we were looking for. LetsVenture helped us reach out to investors beyond our known circle,” said Krishnappa.