November 13th, 2012
Better than the back of a napkin: Site 9 lands half-a-million dollars to accelerate ProtoShare
It’s always nice to see companies getting a little extra cash to help them further their business opportunities—especially when the companies are already profitable. Such is the case with Portland-based Site 9 which just closed $500,000 in funding to continue the development and marketing of its product ProtoShare.
“The company is operating profitably and we’re excited about the opportunities we have for growth,” said Bob Wiggins, CEO of Site9, in a press release. “Successful completion of this round means that we will be able to fund some very important growth initiatives the company will be undertaking next year. It’s nice to be part of the ecosystem of successful software companies headquartered in the Portland area.”
What’s the product do? Well, it’s designed to help make the process of prototyping a more collaborative experience. Specifically as it applies to Web and mobile wire framing for user interfaces.
Online wireframe software, ProtoShare is used to create, review, and refine website, web application, and mobile prototypes. It enables development teams to build website wireframes and application prototypes that stakeholders can then review and comment on then mark and track decisions made.
ProtoShare allows website prototyping by enabling developers to create a true interactive experience with a drag-and-drop WYSIWYG interface. Team members and clients can then collaborate on the interactive wireframes. Once the process of prototyping and collaboration is finished, the development team will have a strong visual specification to follow, reducing rework, delays, and cost in the programming stages.
Participants in the round were all private investors, none of whom were named in the announcement. No new board seats were announced in conjunction with the investment.
The money came from businesses and individuals, according to Site9, including people affiliated with Mount Hood Equity Partners — a venture capital firm run by Site9 chief executive Bob Wiggins.