Ignace Goethals, former president of Smithkline Beecham Animal HealthDivision; former chairman of Allergy Therapeutics, will join Waggl as investor anda director.Rob Bernshteyn, former head of product marketing and management for SuccessFactors; CEO of Coupa, will join Waggl as an advisor.
Waggl cites a number of factors for driving interest among investors, as well as the company’s impressivegrowth, demonstrating the need for businesses to more effectively surface and utilize the massive amount of intelligence existing within their organizations. Since launching in February, the Bay-area start-up hasexperienced more than a 300 percent increase in account sign-ups from a range of organizations, in particular within the healthcare and education fields, including Sanofi, Lone Star College Systems and StanfordGraduate School of Business. Additionally, the crowdsourcing tool is experiencing a “network effect” among its user-base, resulting in strongviral adoption. Waggl also recently rolled out its new freemium pricing model – more information on pricing canbe found here.“Since our launch, we’ve seen an enormous uptick in new accounts and a corresponding effect on existinguser activity on the platform, proving our solution is helping organizations tackle challenges with improvingbusiness operations, customer service and/or general internal communication and collaboration,” saidMichael Papay, CEO of Waggl. “The funding we’ve raised will help us meet product development requests andenhance our platform even further, as well as expand our customer base internationally. The second half of 2014 should be really exciting for us!”Waggl has also partnered with Affero Lab – the largest human capital management firm in Brazil and leaddistributor of SuccessFactors in South America – to expand the platforms’ offering outside of the U.S.“There’s a significant opportunity in Brazil and across Latin America for organizations to leverage Waggl for gathering and prioritizing intelligence to improve decision making and take on management challenges,” said Alexandre Santille, co-CEO of Affero Lab. “We jumped at the chance to be part of this round and help expandWaggl’s reach on a more global scale.”
Investor and Advisor Viewpoints
Jeff Snipes, co-founder of PDI Ninth House
“The ability to ask smart questions and receive accurate and valuable insight rapidly is perhaps a CEO’sgreatest tool for navigating the complex and constantly changing business landscape. No other platform putsthis power in the hands of business leaders as simply and elegantly as Waggl… it truly is a human searchengine.”
Joe Abrams, co-founder of Intermix, parent company of Myspace
“Over the last few decades, I was fortunate to have been one of the early pioneers of the software industry andthen again in the social networking space. I believe Waggl has the opportunity to be as disruptive of atechnology for the enterprise; one that can ultimately transform how organizations communicate and sourceintelligence from their own people. Waggl is a game changer.”