# batterii

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/batterii

- Industry: Software
- Headquarters: Cincinnati, US
- Website: www.batterii.com
- Total disclosed funding: $3.3M
- Latest round: Seed (Feb 8, 2013)
- Investors on record: 1

## About

Batterii provides a collaborative platform that enhances ideation and product development processes by replacing traditional brainstorming methods with dynamic, structured tools for teams.Batterii is a company that specializes in ideation and collaboration solutions. Founded by Chad Reynolds and Nick Franceschina, it is headquartered in Cincinnati, US. In February 2013, batterii raised USD 2.5 mn in Seed financing led by CincyTech. The company has engaged in 2 deals since its inception, and Chad Reynolds serves as the CEO.Batterii offers a smart platform designed for ideation and collaboration, featuring tools that replace traditional whiteboards with a more dynamic, structured approach. Its core product includes an integrated suite of features such as boards, cards, and collaboration functionalities that facilitate asynchronous ideation, enabling product teams to work effectively across different time zones. The platform allows users to conduct design sprints, workshops, and collaborative sessions, transforming consumer insights into actionable ideas. Key functionalities include mood boards, trend boards, and the ability to create compositions with 3D models and visual files, all aimed at enhancing product innovation and research. Batterii serves a diverse clientele, primarily in the North American and European markets, including product creators, design teams, and businesses across various sectors that require organized and efficient collaboration during the product development process.Batterii's revenue model is structured around subscription-based access to its platform, with various pricing tiers tailored to different user needs. Clients typically engage in B2B transactions, where businesses subscribe for access to ideation tools and features. The company’s flagship offering revolves around unlimited boards and storage, collaborative analytics, and advanced search functionalities, designed to streamline team workflows. Revenue is generated as businesses subscribe for ongoing access to these features, enhancing their ability to innovate and manage product development effectively. Client transactions encompass partnerships with design teams and collaboration with enterprise-level clients seeking to integrate Batterii into their existing tech infrastructure for improved product ideation and management.Batterii plans to utilize the recent Seed financing of USD 2.5 mn raised in February 2013 to develop new features and enhance its platform capabilities. The company is targeting expansion into additional markets in North America and Europe by the end of 2024, with a focus on attracting more enterprise clients. These initiatives will support their aim of improving product innovation and collaboration among users.

## Funding rounds

- Seed, Feb 8, 2013, $2.5M — CincyTech
- Seed, May 11, 2012, $0.8M — CincyTech

## Investors

- CincyTech (https://capitalatlas.ai/funds/cincytech) — Seed