Hatch Apps raises $300,000 from Rise of the Rest Seed Fund - Technical.ly DC

Business

May 10, 2018 12:25 pm

Hatch Apps raises $300,000 from Rise of the Rest Seed Fund

The fund created by Steve Case's Revolution is backing the D.C. startup as it looks to build a sales team.

Hatch cofounders Param Jaggi and Amelia Friedman. (Courtesy photo)

(Courtesy photo)

D.C. startup Hatch Apps added to its funding total for the year with $300,000 from the Rise of the Rest Seed Fund, according to CEO Param Jaggi.

As we previously reported, the Rise of the Rest Seed Fund was launched earlier this year by D.C.–based Revolution, the venture capital firm founded former AOL executives including Steve Case and Ted Leonsis. Like the bus tour with which it shares a name, the fund aims to draw resources to areas outside California, New York and Boston, which receive the bulk of the venture capital.

“It’s a huge step for Hatch to receive funding from the Rise of the Rest fund. Since I moved to DC three years ago, I’ve been continuously inspired by entrepreneurs like Steve Case and Ted Leonsis who paved the way for technology companies like ours,” Jaggi said. “We’re looking forward to working closely with the fund to continue to empower businesses all over the country.”

The Rise of the Rest Seed Fund is backed by big names in tech and entrepreneurship like Amazon’s Jeff Bezos, Alphabet’s Eric SchmidtSara Blakely of Spanx, former Facebook President Sean Parker and former HPE CEO Meg Whitman.

The new investment brings the company’s total to $2.175 million.

Founded in 2015 by Jaggi and COO Amelia Friedman, Hatch Apps makes a platform to help organizations build, launch and manage apps without having to write code. It’s designed to make the process faster and cheaper than other options.

The Y Combinator Fellowship company previously announced a $1.3 million seed round in February and moved into a new office. Last month, the company was accepted into Morgan Stanley’s Multicultural Innovation Lab, an accelerator which is providing funding and access to resources through the financial giant’s network, as well as a sales presence in New York.

Advertisement

Growth in sales will be an immediate focus, Jaggi said, as the company is looking to build a sales team. The company will also look to continue to grow its engineering team.

“Hatch Apps is a tool that offers more convenience and control for businesses interested in building high quality software,” JD Vance, Managing Partner of Revolution’s Rise of the Rest Seed Fund, said in a statement. “It is another great example of a company outside of Silicon Valley seeking to transform an existing market.”

Organizations: Revolution, Hatch Apps
-30-
LEAVE A COMMENT

Advertisement

Verodin raises $21M Series B, plans international expansion

Capango looks to remake retail hiring

1776 launches accelerator to help startups get ‘investor ready’

SPONSORED

DC

Pitch for up to $360,000 in funding at the WeWork Creator Awards

Philadelphia, PA (or surrounding areas)

Technically Media

Events Coordinator

Apply Now
Philadelphia, PA OR Remote

Stitch, Inc.

Director, Alliances

Apply Now
DC, SF, NYC

Nava

Experienced Software Engineer – Backend

Apply Now

Following $23M Series A, CloudBolt Software plans hiring

Xometry acquires competitor MakeTime, raises $25M

Cybersecurity training startup Ataata acquired by Mimecast

SPONSORED

DC

VR is cool, but it isn’t mainstream. This local company has a fix for that

Baltimore/DC

GiveCentral

Outside Sales Rep

Apply Now
Washington, DC

Nava

Infrastructure Engineer (DC, SF, NYC)

Apply Now
Washington, DC

Technically Media

DC Tech Reporter, Technical.ly

Apply Now

Sign-up for daily news updates from Technical.ly

Do NOT follow this link or you will be banned from the site!