Knotch Raises $1.5M in Funding
Knotch, a San Francisco, CA-based consumer-facing data company focused on connecting like-minded people, raised $1.5m in funding.
The round, which brought the total amount raised to date to $1.9m, was led by Michael and Xochi Birch (founders of Bebo) with participation from Stan Chudnovsky and James Currier, Lars Rasmussen (founder of Google Maps), Ed Baker (Head of Growth at Uber), Avie Tevanian (former Apple CTO), Alan Braverman (founder of Geni/Yammer), David Bettner (founder of Words With Friends, etc.), Greylock, Lightspeed Ventures, Interwest and StartX Fund.
The company is using the funds to hire developers, roll out a web version of the product and release a solution for media companies to integrate with.
Co-founded in 2012 by CEO Anda Gansca and CTO Stephanie Volftsun, Knotch provides a platform to capture users’ thoughts and share them with others.
The identity on Knotch is determined by a collection of interests, thoughts and opinions and it is at the core of how users interact and connect with other like-minded users, usually from outside users’ social graph.
The company has just re-launched an updated iPhone app, Knotch 1.5, with updated features such as a new feed experience that allows users to separate between the people they follow and the topics they follow.