Jul. 9, 2009

paidContent - CoTweet Raises $1.1 Million To Manage Corporate Twitter Accounts

(PaidContent.org)  This story was written by Joseph Tartakoff.
CoTweet, a startup whose software is behind many high-profile corporate Twitter accounts, has raised $1.1 million in a first round of funding. Investors include Baseline Ventures, Founders Fund, First Round Capital, SV Angel, Maples Investments, and Freestyle Capital. The company’s platform provides multiple tools for corporate Twitter users, including the capacity to manage multiple accounts at once and allow several people to post to a single account.



Starbucks, the City of San Francisco’s 3-11 program, JetBlue, and Microsoft (NSDQ: MSFT), are among users. For now, it’s free although CEO Jesse Engle tells the WSJ that the company plans to eventually charge. Twitter too has talked about making money from its corporate users.

It’s the latest company in the Twitter ecosystem to raise funds. Last month, startup site ChubbyBrain calculated that, to date, investors have put $23 million into 11 startups with businesses that revolve around the site. Twitter itself has raised $55 million. Release.

Related



By Joseph Tartakoff
Copyright 2009 paidContent (http://paidcontent.org/)

Exclusive Webshow

Michelle Obama tells how her role as the First Lady has changed her perspective. Watch Now

Latest News
News in Pictures
Scroll Left Scroll Right
  • The Fall Of The Berlin Wall The Fall Of The Berlin Wall

    Looking Back at the Wall that Once Divided Germany On the 20th Anniversary of Its Collapse

  • Patricia Clarkson Patricia Clarkson

    Television and Film Actress, Yale School of Drama Graduate and Academy Award Nominee

  • Day in Pictures Day in Pictures

    A Glimpse at the Day's News as Seen Through a Camera Lens

  • Andre Agassi Andre Agassi

    Former Top-Seeded Tennis Star, Gossip Column Favorite and Philanthropist

  • Yankees Victory Parade Yankees Victory Parade

    The Yankees Celebrate Their 27th World Series Championship with a Ticker-Tape Parade Up Broadway

  • Orlando Office Shooting Orlando Office Shooting

    A Gunman Opens Fire at the Offices of an Engineering Firm Where He Once Worked

Connect with CBS News

Stay connected with the CBS News using your favorite social networks and online news applications: