# StatusNet

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

- Industry: Internet
- Headquarters: Montreal, Canada
- Website: www.status.net
- Total disclosed funding: $2.3M
- Latest round: Series A (Aug 3, 2010)
- Investors on record: 5

## About

StatusNet, Inc. is a business solutions provider focused on enhancing organizational effectiveness through management tools and strategies tailored for diverse industries.Founded in 2008, StatusNet, Inc. operates from Montreal, Canada, offering a suite of tools for organizational effectiveness. The company has received a total of USD 1.27 mn in funding, closing its latest Series A round on August 3, 2010, led by FirstMark Capital with participation from Boldstart Ventures, iNovia Capital, and Montreal Start Up. They have completed 3 deals to date.Status.net specializes in providing a suite of business tools aimed at enhancing organizational effectiveness and efficiency. Their core offerings include change management models, organizational development strategies, and various templates for reporting, such as weekly and SWOT analysis reports. These products are designed to support teams in navigating transitions, improving performance, and fostering organizational citizenship behavior among employees. The tools are utilized across a diverse range of industries, with clients spanning both internal stakeholders, such as managers and employees, and external stakeholders, including investors and board members. Status.net's products are marketed primarily in North America and Europe, catering to businesses seeking to optimize their operational processes and develop robust strategies for growth.Status.net generates revenue through a business-to-business (B2B) model, focusing on subscriptions and partnerships with organizations seeking to implement their management tools. Clients typically enter into subscription agreements for access to various resources, including change management guides and reporting templates. This transaction structure allows organizations to integrate Status.net's offerings into their operational frameworks seamlessly. The pricing plans are structured to accommodate different organizational sizes and needs, ensuring that various clients can access tailored solutions. Flagship products, such as their change management models and organizational development frameworks, are central to the company’s revenue generation strategy, reflecting their commitment to enhancing business outcomes for their clients.In August 2010, StatusNet, Inc. closed USD 1.27 million Series A financing, led by FirstMark Capital, to support its future growth initiatives. The company plans to develop new products that enhance organizational effectiveness, although specific release dates have not been disclosed. Additionally, StatusNet aims to expand its market presence in Europe and North America, targeting completion of this expansion by 2012, leveraging recent funding to facilitate these initiatives.

## Funding rounds

- Series A, Aug 3, 2010, $1.3M — Inovia Capital, FirstMark Capital, Montreal Start Up, Boldstart Ventures
- Seed, Oct 27, 2009, $0.9M — Inovia Capital, Kima Ventures, Montreal Start Up
- Seed, Jan 15, 2009, $0.1M — Montreal Start Up

## Investors

- Montreal Start Up (https://capitalatlas.ai/funds/montreal-start-up) — Seed, Series A
- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Seed, Series A
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- FirstMark Capital (https://capitalatlas.ai/funds/firstmark-capital) — Series A
- Boldstart Ventures (https://capitalatlas.ai/funds/boldstart-ventures) — Series A