Cohuman raises $600K second angel round

Ronny Kerr · January 27, 2011 · Short URL:

Online workspace and task manager secures funds from Diamond II, Jupiter, Stage One and other angels

Cohuman, a workspace for coordinating people and projects online, will announce next week that it has secured $600,000 from existing and new investors in a second round of angel funding. Diamond II Investments LLC, Jupiter Partners, Stage One Capital, and several individual angels participated in the round.
The company raised its first round of $800,000 in angel money in the fall of 2009.
Represented by co-founder and CEO Matt Work and Vice President of Marketing Ronan Dunlop, Cohuman was one of 10 finalists at Vator Splash September. In fact, Dunlop tells me the company will be making an appearance at next week’s Vator Splash also, this time not as a finalist but at its very own demo table.
[Editor's note: There's still time to get early-bird tickets to visit Cohuman’s demo table at Vator Splash in San Francisco next Thursday, February 3rd. Go to the registration page to reserve your tickets and see the agenda. These prices are good until next Monday!]
Since its first angel round in the fall of 2009, Cohuman has launched both a free basic version of its service as well as a $20 per month professional version. The professional plan comes with added control features, like exclusive ability to add people and tasks, and 10 GB of file storage--versus 1 GB on the basic plan. Both versions allow for the creation of unlimited projects, email integration, calendars, shared task tracking and more.
In the past quarter, the number of Cohuman users has tripled to over 15,000 users. Cohuman, it comes as no surprise, is drawing much of its early success from people in the tech industry that understand the advantage of a next-generation task manager.
“Our customers are entrepreneurs, department heads and team leads. They understand how crucial it is to synchronize the tasks of people and teams in our age of information overload and distributed teams.” said Matthew Work, CEO and founder of Cohuman. “Simply cloud-hosting company documents and projects is not enough to run an efficient operation and maintain their competitive edge. Business has to shift from document-centric processes to people-centric ones.”

Cohuman is based in San Francisco with a team of nine. The new funding will go toward expanding business integration and mobile applications.

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Cohuman is the simplest most powerful way to keep your team in sync. Easily delegate, prioritize and track tasks with all your teams.

It is an intelligent workspace for coordinating people and managing projects. It promotes transparency and accountability in communications allowing teams to get things done more efficiently.

Cohuman delivers immediate insight into the status of projects, coworkers and the tasks you need to focus on. 
1. We provide unprecedented visibility into a team's collective and individual responsibilities. 
2. Projects and people are presented with lists of tasks that are ranked in order of priority. We utilize metadata to dynamically rank a task's importance relative to the needs of the team.  

- Focus: Tasks are organized so people can focus on doing the most important things first. 
- Transparency: Team members have visibility into the shared actions and needs of the group. 
- Accountability: By compelling individual ownership, we reduce business ambiguity. 
- Accessibility: Files, conversations and deadlines are centralized, secure and always accessible. 
- Email Integration: We work seamlessly with email, so those who don't want to login to Cohuman don't need to.  

- Attach Google Docs to Cohuman tasks, and we'll handle the permissions
- Sync your tasks to your Google Calendar
- Invite your Google Contacts
- Login and Signup with your Google Account
- Find us in the Google Marketplace and Chrome Store 


The long version of our Story:
The challenge we all face in today’s multitasking world is that we are inundated with emails, tweets, social media statuses, collaboration tool notifications, IM’s, buzzes, waves and more. Submerged somewhere in this digital torrent are the tasks we need to act upon as well as the true status of the things we have shared with, or assigned to, others.  

The truth is, we feel productive when we merely click on what’s unread in our inbox (a textbook Pavlovian response). We feel a sense of accomplishment when we stay abreast of the chatter. All the energy and time we invest in doing these things is creating a false sense of “doing” and eating into the time we have to get stuff done. We’re on a diet of electronic junk food. The day goes by and despite having been connected and collaborative, we’ve accomplished less than we thought. What’s worse, we experience that nagging feeling that we’ve forgotten to do something.

Cohuman is an online application that cuts through this digital clutter and gives you the power to make, share and track tasks with anyone. 

We fundamentally believe that the only way to simplify our lives is to know what our priorities are and to be able to focus on what matters. Cohuman is a social network for all your work and personal tasks. When you share tasks with other people, Cohuman is aware of how all your tasks are related. That’s what Cohuman is – a Task Network. In the same way you keep track of your colleagues and friends via Facebook, Linkedin and Twitter, we empower you to get status updates on all the tasks you’re connected to.

Based on an algorithm that takes into account the network value of a task, Cohuman is able to optimize your priorities and those of everyone in your network by assigning each task a score.

Cohuman lets you: 
1. See everything you need to do in one place 
2. Prioritize your day, your week, your life
3. Share tasks with others and follow their status 
4. Trust you are not forgetting to do anything

The market for Cohuman encompasses everyone who is tired of depending on email to coordinate their life or is simply struggling to manage their priorities.


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