# ElectNext

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

- Industry: Internet
- Headquarters: Philadelphia, US
- Website: www.versahq.com
- Total disclosed funding: $1.3M
- Latest round: Seed (Jan 30, 2014)
- Investors on record: 10

## About

ElectNext is a technology company focused on delivering software solutions that streamline operations across various industries, particularly for small to medium-sized enterprises. Their innovative platforms integrate essential business functions to enhance efficiency.ElectNext, founded in 2011 and headquartered in Philadelphia, US, specializes in software solutions that optimize business operations. In January 2014, the company raised USD 0.7 mn in Seed funding led by Omidyar Network, with participation from Quotidian Ventures. The company has successfully completed five deals since its inception.ElectNext provides innovative software solutions aimed at enhancing operational efficiency across various industries. Its core product offerings include a robust enterprise resource planning (ERP) system that integrates multiple business functions—such as inventory management, finance, and customer relationship management—into a single platform. These solutions are designed to address the complexities of managing business processes in real-time, thus enabling clients to streamline operations and reduce costs. The company primarily serves a diverse clientele, including small to medium-sized enterprises (SMEs) in sectors such as manufacturing, retail, and logistics, with a market presence in North America and Europe.The company's revenue model is based on a subscription service for its core software solutions, allowing businesses to access the latest updates and features with ongoing support. Clients typically engage in annual contracts with monthly or quarterly payment schedules, ensuring a consistent revenue flow. This transactional structure caters mainly to B2B relationships, where companies leverage ElectNext's software to enhance their operational capabilities. Flagship products are offered as part of tiered pricing plans, accommodating various business sizes and needs, which reinforces long-term partnerships with existing clients.ElectNext plans to utilize the recent funding from its January 2014 Seed round to develop new products aimed at expanding its software offerings. The company is also targeting geographic expansion into additional markets in Europe by the end of 2025, seeking to enhance its customer base. The funds will be used strategically to support product development initiatives and market entry strategies.

## Funding rounds

- Seed, Jan 30, 2014, $0.7M — Quotidian Ventures, Omidyar Network
- Seed, Apr 2, 2013, $0.6M — Comcast Ventures, Knight Enterprise Fund, Brooklyn Bridge Ventures, Liberty City Ventures, Gabriel Investments, Investors' Circle, SCB10X
- Seed, Sep 8, 2011, $0M — DreamIt Ventures

## Investors

- DreamIt Ventures (https://capitalatlas.ai/funds/dreamit-ventures) — Seed
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Seed
- Knight Enterprise Fund (https://capitalatlas.ai/funds/knight-enterprise-fund) — Seed
- Brooklyn Bridge Ventures (https://capitalatlas.ai/funds/brooklyn-bridge-ventures) — Seed
- Liberty City Ventures (https://capitalatlas.ai/funds/liberty-city-ventures) — Seed
- Gabriel Investments (https://capitalatlas.ai/funds/gabriel-investments) — Seed
- Investors' Circle — Seed
- SCB10X (https://capitalatlas.ai/funds/scb10x) — Seed
- Quotidian Ventures (https://capitalatlas.ai/funds/quotidian-ventures) — Seed
- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Seed