# Sitrion

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

- Industry: Software
- Headquarters: Denver, US
- Website: www.sitrion.com
- Total disclosed funding: $35M
- Latest round: Series F (Jan 12, 2009)
- Investors on record: 3

## About

Sitrion, Inc. develops software solutions that enhance employee engagement and improve communication within organizations, addressing challenges faced by large and dispersed teams.Founded in 2004, Sitrion, Inc. is headquartered in Denver, US, and focuses on providing software solutions to improve workplace connectivity. In September 2018, Limeade, Inc. acquired Sitrion, Inc. for an undisclosed amount, marking a strategic pivot in the company's development. The company has successfully completed a total of 12 deals over its operational history, with its most recent deal occurring on September 19, 2018. The company's total amount raised amounts to USD 500,000, attributed to its latest funding round.Sitrion specializes in providing innovative software solutions designed to enhance employee engagement and streamline organizational communication. Their core offerings include a mobile-first platform that integrates with existing enterprise systems, facilitating real-time collaboration and information sharing among employees. This platform aims to address challenges related to employee isolation and inefficiency in communication, particularly in large enterprises and geographically dispersed teams. Sitrion's solutions are utilized by various industries, including healthcare, manufacturing, and retail, serving a diverse client base comprising both small businesses and Fortune 500 companies. Geographically, their products are deployed across markets in North America, Europe, and Asia, enabling organizations worldwide to foster a connected workplace.Sitrion generates revenue primarily through a subscription-based model, offering clients various pricing tiers based on the scale and features required for their specific needs. Clients typically enter into agreements that allow them access to the full suite of Sitrion's products, facilitating ongoing support and updates. The company's flagship product serves as the backbone of its revenue structure, with pricing plans tailored to provide scalable solutions for both small and large organizations. Revenue streams are bolstered through partnerships with other technology providers, enabling integration with popular enterprise software tools. The transaction structure typically involves annual contracts, ensuring a stable revenue flow while allowing clients to access the latest features and enhancements as they are rolled out.Sitrion's strategy includes focusing on the development of new products aimed at enhancing employee engagement and collaboration. While specific upcoming product launch dates have not been disclosed, the company is expected to leverage its recent funding from the acquisition to innovate and address emerging workplace needs. Additionally, Sitrion plans to expand its market reach into further regions, specifically targeting increased presence in Europe and Asia by the end of 2020. The company's recent acquisition will help support these initiatives as it seeks to integrate and enhance its existing offerings.

## Funding rounds

- Series F, Jan 12, 2009, $10M — Mobius Venture Capital, Masthead Venture Partners, Vista Ventures
- Series E, Dec 13, 2007, $12M — Mobius Venture Capital, Masthead Venture Partners, Vista Ventures
- Series D, Apr 1, 2006, $7M — Mobius Venture Capital, Masthead Venture Partners
- Series C, Apr 20, 2005, $5M — Mobius Venture Capital, Masthead Venture Partners
- Series B, Dec 1, 2004 — Mobius Venture Capital
- Series A, Jun 23, 2004, $1.4M — Mobius Venture Capital

## Investors

- Mobius Venture Capital (https://capitalatlas.ai/funds/mobius-venture-capital) — Series A, Series B, Series C, Series D, Series E, Series F
- Masthead Venture Partners (https://capitalatlas.ai/funds/masthead-venture-partners) — Series C, Series D, Series E, Series F
- Vista Ventures (https://capitalatlas.ai/funds/vista-ventures) — Series E, Series F