Colin Loretz founded Cloudsnap, an integration startup that connects web apps in 2011, and participated in the TechStars Cloud’s inaugural class in San Antonio.
That company, which moved to Reno, Nevada, eventually failed.
But now an Austin-based startup has taken on the name, Cloudsnap and it is doing something similar to the original Cloudsnap. It announced on Wednesday that it has raised $1.75 million in seed stage financing led by Active Capital. And it’s creating software that lets enterprise companies connect to other applications seamlessly.
Rick Barkley, Founder and CEO of Cloudsnap, last year spun the company out of Nuvola Networks, an elearning and software development startup he founded in 2011.
“Rick has actually been running a software business for several years now and Cloudsnap was born out of that business,” said Pat Matthews, Founder and CEO of Active Capital.
“He was starting to spin Cloudsnap out of his ed tech business. He had never raised any money. He was at the Capital Factory accelerator. Through that he just discovered us,” Matthews said.
One day Barkley sent Matthews a cold email and next they talked on the phone and started to build a relationship from there, Matthews said.
Active Capital also participated in Cloudsnap’s pre-seed round six months ago.
Active Capital recently raised a $21.5 million fund to invest in
“The more business apps there are in the world – the more integrating these apps together is a big deal,” Matthews said. “Right now, Cloudsnap is really focused on ERP integration.”