ConceptDrop, a Chicago, IL-based startup that connects enterprises with freelancers for design and marketing projects, closed $1.1m in seed funding.
The round was led by Network Ventures, a new Chicago-based seed stage firm created by former Pritzker Group venture capitalist Jeff Maters with participation from new investors 500 Startups, M25 Group, G2T3V, Fulcrum Investing, and angels.
The company intends to use the capital to accelerate customer growth and continue to build out a set of technology integrations to match businesses with freelancers.
Led by Phil Alexander, CEO, ConceptDrop uses algorithmic matching to pair projects with their best-fit freelancer – allowing enterprises to find curated freelance support in a few clicks. The company is initially focused on marketing collateral and presentation work, but is building a technology platform that will enable enterprises to leverage freelancers for a variety of projects.
Customers include Google, Wrigley, Expedia and Avnet.
The startup is based out of the 1871 tech hub in Chicago and has eight full-time employees.