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Photo-sharing service Foko rakes in additional $2 mln in seed money

Foko Inc, a photo-sharing and messaging service for enterprises, has raised $2 million in seed-stage financing, adding to the $450,000 in funds that the company secured earlier this year. The investors in the latest round included Canadian venture capital firms BDC Capital and Real Ventures, as well as senior technology executives and entrepreneurs Sarah Imbach, Brian O’Higgins, Peter Griffiths, Sebastien Marineau, Paul Tsaparis, Eric Yau and Ricardo Poupada. Update: Headquartered in Gatineau, Québec, Foko said investment proceeds will be used to enhance its service and raise its market profile.

PRESS RELEASE

Technology Industry Luminaries Provide $2 Million in Additional Seed Funding to Foko Photo Sharing and Messaging Service

GATINEAU, QC, Dec 16, 2014 (Marketwired via COMTEX) — Foko, the premier photo sharing and messaging service for the enterprise, announced today it has secured an additional $2 million in seed funding from technology industry luminaries, BDC Capital and Real Ventures. The funding is in addition to the $450,000 in seed funding Foko secured in the early-Fall of 2014.

“We are very pleased with the success Foko has achieved in the current quarter. Foko has users in 10% of the Fortune 100 and more than 500 enterprise customers. Engagement on Foko is nearly three times the industry average for enterprise services. We have also secured approximately $2.5 million in seed funding from social, technology and venture industry veterans,” said Marc Gingras, CEO of Foko, Inc. “We will use the funds to continue to improve our service and increase awareness of Foko.”

In addition to contributions from BDC Capital and Real Ventures, Foko secured the latest seed round from investors that include:

Sarah Imbach — Formerly the Chief Operating Officer of LinkedIn

Brian O’Higgins — Founder and Former CTO of Entrust

Peter Griffiths — Formerly the Chief Technology Officer of Computer Associates

Sebastien Marineau — Vice President at Apple

Paul Tsaparis — Formerly CEO of HP Canada

Eric Yau — Sr. Vice President, Solutions and Customer Support at BMC

Ricardo Poupada — Formerly the Sr. Vice President and General Manager of IGN International and AskMen (Fox Digital Media, Ziff Davis)

Foko is a secure photo sharing service for enterprise organizations. The free app can be downloaded from the Apple or Google Pay online stores. Within minutes a user can begin snapping photos, including messages, and send them to other employees within their company. They can also filter people they are following as well as respond with comments to others’ photo messages. Foko drives employee engagement by providing a platform that is simple, reliable and crosses all language, geographic, technology and job-level barriers.

About Foko

Foko (www.foko.co) is the market and technology leader in Enterprise Photo Sharing and Messaging. By combining the simplicity of one tap photo sharing and the immediacy of instant messages, Foko is revolutionizing the way companies engage employees. Co-workers privately collaborate around powerful images — building a powerful corporate social community that transcends language, geographic and technical barriers. Foko is a well-funded, privately held company. To learn more about Foko and how leading companies are using its ground breaking mobile service, visit www.foko.co.

Foko and the Foko logo are the property of Foko Inc. All other names and brands are the property of their respective holders.

Media-Only Contact:
Ed Schauweker
Agile Public Relations for Foko
Email Contact
(703) 963-5238

Photo courtesy of Shutterstock