Sunday, May 18, 2008

Increo Solutions is creating the next generation of tools to help companiesof business communication: innovation got VCs funding

What Company Is Offering:
Increo Solutions is creating the next generation of tools to help companies address the most important and difficult aspect of business communication: innovation. The company's software supports teams throughout the innovation process, from brainstorming to conception. Increo's first application, Backboard , makes it easy to collect feedback on documents from co-workers, clients, and friends.

How Much They Got From VCs:

Increo Solutions, a Palo Alto, CA-based company thatproduces software to support teams throughout the innovation process, announces the closing of a seed round of financing from Draper Fisher Jurvetson (DFJ). DFJ is a toptier venture capital firm with investments worldwide.

Increo also announces the launch of its first product, Backboard

(, designed to ease the process of collecting feedback on documents and images. Targeted towards product managers, marketing teams, designers, and others who require an easy way to display and aggregate feedback, Backboard facilitates project interaction between co-workers, clients, and other contacts. Tim Draper, Founder and Managing Director of DFJ, joins Increo's Board of Directors.

"Increo is going to revolutionize the way that companies innovate," Draper said. Draper has led investments in industry-changing companies including Hotmail and Skype.

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