Startup Heureka Software Reports Raising $1.1 Million From Angel Investors And JumpStart Inc.
Cleveland startup Heureka Software on Thursday, Nov. 10, announced it has raised $1.1 million in seed funding from Northeast Ohio angel investors and venture development organization JumpStart Inc.
The software-as-a-service company said in a news release that it “expects to raise that figure to $1.8 million in angel funding by year’s end.”
To date, Heureka said, it has raised a total of $1.95 million, including a JobsOhio loan of $750,000; a $100,000 award from the Great Lakes Innovation and Development Enterprise, or GLIDE; and now $250,000 from the JumpStart Evergreen Fund.
“While the funding environment for startups nationally has been extremely competitive, the Northeast Ohio startup environment has improved dramatically in the last four to five years,” said Heureka’s founder and chairman, Ron Copfer, in a statement.
He said the funding for the company to date “demonstrates that if you have a strong idea and a high potential for growth, the Northeast Ohio investor community and the state of Ohio will step up to support you.”
Mark Minehart, Heureka’s vice president of product development, said in the release that the funding “is helping us make significant investments in the product development team, so that we have the architectural rigor and engineering craft necessary to develop and release new features very rapidly.”
Read the full story at Crain’s Cleveland Business.