Vennli, a South Bend, Ind.-based provider of software to build strategic and tactical plans for growth in specific markets, secured over $1.3m in financing.
Backers included Elevate Ventures (through the Indiana Angel Network Fund), 1st Source Bank, and Jim Larkin of Magnet Investors.
Led by Gary Gigot, CEO, and Joe Urbany, a University of Notre Dame Mendoza College of Business Professor who created the original intellectual property upon which the Vennli software is based, the company provides software for organizations to create, plan, and execute growth strategies using customer and competitor choice analysis.
Vennli, which operates out of Innovation Park at Notre Dame with 12 full time employees, expects to release its beta version of the software on May 1st of this year targeting 75 companies with 2-3 users per company.
As part of its initial promotion, the beta version will be free to all users.