Captricity, a US-based digitized data cloud platform, has raised $2.4m in its series A round led by Social+Capital Partnership, an investment fund founded by former Facebook senior executive Chamath Palihapitiya.
Other investors in the A round included venture capital firm Atlas Ventures and Knight Enterprise Fund, a provider of early-stage venture funding for media innovation. The A round brings total company funds raised to $4m, which also includes original investments from Social+Capital, Atlas and Knight.
Previous investors in Captricity include venture capital investment firms Founders Fund, Greylock Partners, and Kapor Capital.
Palihapitiya said: “As investors, we always seek to back companies with amazing ideas that make the world a better place.”
Kuang Chen, who co-founded Captricity in 2011, said: “While the future is digital, much of a company’s past and present data is analog, and a lot of it is on paper. We make the process of moving workflows into the cloud painless and efficient by turning data from documents into digital formats.”