PowerPoint whisperer ConceptDrop gets $1.1 million
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ConceptDrop, a sort of TaskRabbit for graphics pros, raised $1.1 million.
The Chicago-based tech startup, which will be heading for Silicon Valley for the summer to go through the 500 Startups incubator, makes software to match corporate customers who need help with marketing presentations with freelance graphics professionals.
Phil Alexander launched the company two years ago. Based at 1871, ConceptDrop has eight employees and counts Google, Wrigley, Avnet and Expedia as clients. It's also partnering with Microsoft, which makes PowerPoint presentation software, and the startup plans to integrate its product with Office 365.
The financing was led by Chicago-based Network Ventures, a seed-stage venture firm launched by Jeff Maters, a former vice president at Pritzker Group Venture Capital. Other investors include 500 Startups, M25 Group, Howard Tullman's G2T3V and Fulcrum Investing.
“There's a trend to a more freelancer-driven economy, and enterprises are figuring out how to take advantage of that,” Maters said. “There's a bigger opportunity beyond presentations to connect enterprises with freelancers for many more tasks.”
