Kevin Cummins | CEO, Batterii, LLC
August 15, 2016
Cincinnati Startup Batterii Receives $1.5 Million JobsOhio Loan to Create Jobs
Financing will spur growth and create dozens of jobs, helping Batterii attract top talent
Cincinnati, OHIO —Cincinnati-based Batterii, a software platform that helps teams to collect content and inspiration and create new ideas and solutions has announced JobsOhio will provide the company a $1.5 million loan. JobsOhio is a private non-profit corporation tasked with helping promising companies to accelerate business growth and job creation. In addition to this loan, Batterii investors increased their commitment with an incremental $500,000 equity raise. The company said it expects to add at least 36 jobs.
“We anticipate more than doubling the number of Ohio-based Batterii employees by 2019,” said Kevin C. Cummins, CEO at Batterii. “The financing from JobsOhio will help us build out our technology, customer support and sales teams.
“Our product and customer experience roadmaps are strong and have been validated with our Fortune 1000 customers. This support from JobsOhio will increase the value of the platform for our current customers and open new opportunities for growth,” said Cummins.
Batterii currently serves thousands of users from global companies such as adidas, Pfizer and Toyota as well as leading consulting organizations.
“Batterii’s expansion will bring new, hi-tech jobs to its Cincinnati campus while boosting the IT sector’s rapid growth in the region,” said JobsOhio Managing Director for Information Technology Ted Griffith. “The company’s investment means businesses throughout the state and world will continue to benefit from Batterii’s innovative software and services.”
Batterii has received seed stage investment from CincyTech, the southwest Ohio partner of Ohio Third Frontier.
“JobsOhio loans, which require a thorough diligence process, allow growing companies to capitalize on their momentum.” said Doug Groh, director at CincyTech. “It is part of a valuable continuum of support, starting with the Third Frontier and then proceeding to JobsOhio, available to high potential tech startups in the state of Ohio.”
Batterii is a Cincinnati-based SaaS platform that empowers global teams to digitally capture inspiration, insights and ideas. Founded in 2012, Batterii’s software platform and mobile app energizes teams to create new products and solutions.
To learn more about Batterii or to sign up for a free trial, visit www.batterii.com.
JobsOhio is a private non-profit corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention, and expansion efforts.
For more information on JobsOhio please visit jobs-ohio.com
CincyTech is a public-private seed-stage investor whose mission is to be a trusted partner in helping to transform ideas into high potential technology and life science companies in Southwest Ohio.
For more information on CincyTech please visit cincytechusa.com