SAN DIEGO--(BUSINESS WIRE)--RippleNami, Inc., a provider of a map-based data visualization platform accessed via the cloud, announced today that it far exceeded expectations with the close of its preferred series seed funding. Investors include Bootstrap Incubation LLC from San Diego, Prosper Capital and Capital Innovators from St. Louis, Golden Seeds from Silicon Valley, and Chatham Venture Partners from Indianapolis. The funding raised will fuel operations growth and next-gen development of RippleNami’s pioneering technology.
Parker Hinshaw, Bootstrap’s founder, said, “Our experience working with a variety of technology companies drew us to working with RippleNami’s innovative team. Their mapping technology is truly disruptive and fulfills an unmet need in developing nations where RippleNami is creating a transformative shift in how foreign governments, organizations and people connect and collaborate.”
RippleNami’s cloud-based mapping platform provides a new and innovative approach to custom mapping that allows users -- governments, corporations, NGOs, and aid organizations – to cost-effectively access a wide variety of real-time information that matters most to them. The technology ingests any kind of data, including blockchain, and connects that information to a map adding depth and meaning that fundamentally changes how data is used. Users are empowered with the ability to make better decisions and collaborate like never before.
And, with its newly created strategic partnership with BanQu, the first-ever blockchain technology platform, RippleNami is now able to offer the three billion people living in extreme poverty a real chance to gain an economic identity. Now, they can access credit and other financial resources, as well as capture and visualize their meaningful life events such as banking, healthcare records, global supply chain and more.
“Golden Seeds’ members are proud to support RippleNami, a woman-led technology company,” said Nancy Hayes, managing director of Golden Seeds. “We were impressed by president and chief executive officer Jaye Connolly-LaBelle’s professional pedigree and her ability to build successful teams and companies.”
RippleNami president and chief executive officer Jaye Connolly-LaBelle said, “We appreciate the exceptional support and counsel that we have received from this seasoned group of investors. Their advice coupled with the proceeds from our capital raise will help us accelerate our growth trajectory and introduce powerful new tools.”
About Bootstrap Incubation
Bootstrap Incubation provides seed stage equity and business acumen to high-potential healthcare and IT companies. Based in San Diego, CA, the Bootstrap team provides a suite of services, including business development, strategic expertise, corporate governance, marketing support and financial management to over 20 early stage companies. Bootstrap also provides growth stage equity through its affiliate entity, Bootstrap Venture Fund.
About Prosper Capital
Founded in 2012, Prosper Capital comprises two divisions: Prosper Women Entrepreneurs (PWE) Startup Accelerator is a for-profit organization focused on increasing women entrepreneurs’ access to growth capital and the number of women investing in early-stage capital markets. PWE Institute is a non-profit organization focused on training and mentoring women in the entrepreneurial community. PWE is a group of business leaders, thinkers, doers, innovators and students whose efforts help to ensure that women entrepreneurs are a vital part of the future.
About Capital Innovators
The Capital Innovators start-up accelerator program was created by Judy Sindecuse in 2010 and provides tech startups with the resources they need to get to the next level. Capital Innovators provides seed funding, mentorship from a seasoned pool of knowledgeable experts, stellar perks, educational and social events, and the opportunity to pitch to angel investors and venture capitalist firms at the end of the program.
About Golden Seeds
Golden Seeds is an investment firm that pursues above market returns through the empowerment of women entrepreneurs and the people that invest in them. Its angel network consisting of 262 men and women is the fourth largest in the US and its venture capital group has more than $30 million under management. Golden Seeds Innovate NY Fund LP is part of a $35 million equity fund established by the Empire State Development Corporation to provide New York startup and seed stage businesses with capital to support innovation and job creation. The $25 million in State funds and $10 million from Goldman Sachs will leverage over $70 million in private investment for New York's businesses.
About Chatham Ventures
Chatham Ventures helps promising seed and venture-stage companies succeed by connecting them with the tools and resources needed to transform ideas into industries. We take a holistic, active engagement approach to relationships by providing capital as well as our time and effort to help businesses succeed.
About RippleNami
An industry game changer, RippleNami believes that, empowered with real-time, easily accessible information, people around the world can connect and foster positive change. RippleNami is redefining mapping with the first visualization platform that consolidates big data and provides information that really matters to users and their organizations. The company's cost-effective, device agnostic cloud-based platform delivers millions of real-time actionable data points on an intuitive map to customers across enterprises, universities, nonprofits and emergency management agencies, enabling critical decision making and enhanced collaboration. With seamless integration, limitless customization and scalable architecture, RippleNami lets people chart their own world, streamlining communication and improving operational effectiveness. For more information about RippleNami, visit www.ripplenami.com.
