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SocialText

Socialtext provides collaboration software for enterprise clients. Product offerings include a wiki, distributed spreadsheet, social messaging, social networking, and blogging. Most features are included for a $15 per user per month fee paid by the company. Using the Socialtext collaboration platform companies have seen a wide variety of dramatic business results. Sales departments have improved sales proposals and compressed sales cycles by over 10%, product management has sped up time-to-market by 25%, corporate communications have sped up employee onboarding, field service has achieved faster time-to-resolution… more

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Company Overview

Socialtext provides collaboration software for enterprise clients. Product offerings include a wiki, distributed spreadsheet, social messaging, social networking, and blogging. Most features are included for a $15 per user per month fee paid by the company.

Using the Socialtext collaboration platform companies have seen a wide variety of dramatic business results. Sales departments have improved sales proposals and compressed sales cycles by over 10%, product management has sped up time-to-market by 25%, corporate communications have sped up employee onboarding, field service has achieved faster time-to-resolution on field service issues, professional services firms have increased client engagement and retention. Socialtext customers have reduced cycle times by up to 25%, and even reduced email by over 30%.

Socialtext has reportedly received over $14 million in funding from Draper Fisher Jurvetson, Omidyar Network, and SAP Ventures.

  • CEO:
    Ross Mayfield
  • HQ:

    Palo Alto, CA

  • Capital Raised:

    $14.1M

Financings

  • Round 7

    Type: Series D
    Date: April-2009
    Total Investment: $4,560,000.00
    Investors:
    • Draper Fisher Jurvetson
    • Omidyar Network
    • SAP Ventures

  • Round 6

    Type: Series C
    Date: November-2007
    Total Investment: $6,330,000.00

  • Round 5

    Type: Series C
    Date: May-2007
    Total Investment: $3,020,000.00

  • Round 2

    Type: Series B
    Date: June-2005
    Total Investment: $3,100,000.00

  • Round 1

    Type: Series A
    Date: August-2004
    Total Investment: $620,000.00

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