# Xythos Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xythos-software

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.xythos.com
- Total disclosed funding: $10M
- Latest round: Series C (Sep 29, 2003)
- Investors on record: 3

## About

Xythos Software, Inc. specializes in providing innovative document management and collaboration solutions, facilitating seamless information sharing and storage for organizations across various sectors.Xythos Software, Inc. offers software solutions designed to enhance document management and collaboration. Founded by Kris Coulson, who had previously established other ventures, Xythos is headquartered in San Francisco, US. The company was acquired by Blackboard Inc. in November 2007 for USD 36.4 mn, marking a strategic pivot towards enhancing educational technology through improved document management.Xythos Software focuses on delivering document management solutions that allow organizations to efficiently store, share, and manage digital files. Its products are designed to integrate with existing systems to streamline workflows and improve collaboration among teams. The solutions address various use cases such as secure document storage, workflow automation, and compliance management, catering to diverse industries including education, healthcare, and corporate sectors.Xythos generates revenue primarily through a subscription-based model, where clients pay for access to its document management solutions. Educational institutions, businesses, and organizations typically enter into multi-year contracts for access to the software, ensuring ongoing service and support. This model enables Xythos to create strong partnerships with its clients, maintaining consistent revenue through its suite of collaborative tools and document management services.With the acquisition by Blackboard in November 2007, Xythos Software plans to leverage its capabilities to develop new products aimed at enhancing document management within educational institutions. Expansion plans include entering markets in Europe and Asia-Pacific by the end of 2008. The funding from the acquisition will be utilized to further innovate and enhance existing product offerings, aligning with Blackboard's broader strategy to integrate robust document management solutions into its existing educational technology framework.

## Funding rounds

- Series C, Sep 29, 2003, $4M — Mobius Venture Capital, Ridge Ventures
- Series A, Apr 1, 2001, $6M — Softbank Capital, Ridge Ventures

## Investors

- Softbank Capital (https://capitalatlas.ai/funds/softbank-capital) — Series A
- Ridge Ventures (https://capitalatlas.ai/funds/ridge-ventures) — Series A, Series C
- Mobius Venture Capital (https://capitalatlas.ai/funds/mobius-venture-capital) — Series C