Washington, DC, August 14, 2013 – Speek, a super simple conference call solution, has secured $1.1 million in bridge financing in advance of its Series A. The round was oversubscribed and led by existing investors. Speek has raised a total of $2.6 million to date.
A few notable angels also joined as new investors, including Stewart Allen, founding CTO of webMethods and CTO of AddThis; and, through NextGen Angels, an investment club for angels 40 and younger, Michael Chasen, co-founder and former CEO of Blackboard and founder and CEO of SocialRadar; Timothy Chi, co-founder of Blackboard and co-founder and CEO of WeddingWire; and Sonny Ganguly, co-founder and CMO of WeddingWire.
Speek will use the funds to continue to improve its proprietary voice platform and scale its user base. “Speek is growing rapidly and delivering the quality that users expect. This funding round reflects the confidence our investors have in Speek and the positive direction we’re headed in,” said Speek CEO John Bracken. Speek launched Speek Pro, the premium version of its free conference call service, in May of this year, and is serving thousands of businesses with its next generation conference calling service.
Speek’s existing investors include 500 Startups, CNF Investments, Valhalla Partners, Middleland Capital, CIT GAP Funds, Vanedge Capital, Fortify Ventures, K Street Capital and Piedmont.
Speek was founded by serial entrepreneurs John Bracken and Danny Boice. CEO John Bracken was a co-founder of Evite.com and a former business development executive for AOL’s AIM and Patch. Danny Boice, CTO, founded Jaxara and is a former executive at The College Board. Speek has built a core team of developers and engineers with deep expertise in voice and web technologies.
Speek provides super-simple conference calling solutions with a visual interface. Use a personal or business link (i.e., speek.com/YourName) instead of a phone number and PIN for conference calls. Nothing to download and no elevator music. See who’s joined, who’s talking, share files, use call controls and more. Reserve your Speek link at www.speek.com. And follow Speek as it competes to be the Wall Street Journal Startup of the Year.