What Company Is Offering:
Ntractive is a software company that has created a new, unique method of application development, referred to by a senior executive at Apple Inc. as “the future of software development.” Ntractive’s development environment/platform, the Hybrid Web Application, combines the best features of a desktop application with those of a web application, for unprecedented ease of use, expanded functionality, and power in an Internet-based application. The company’s first product, Elements SBM™, is a software-as-a-service offering designed to automate, organize and improve business processes for small to mid-sized companies.
How Much They Got From VCs:
Ntractive, creator of Elements SBM™, the hybrid web application for small business management, announced today it has closed its Series A financing. The company raised $570,000 through regional angel investors and St. Paul-based RAIN Source Capital, an organization of pooled angel funds (www.rainsourcecapital.com).
The Valley Angels Investment Fund of Grand Forks led the financing. The fund’s chairperson, Tom Kenville, commented, “As a start-up, Ntractive has been extremely well-organized. Not only have they made strides with their product, but they have created a solid business structure.”
More at:www.ntractive.com
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