SixThirty Accelerator is extending the deadline for its Spring 2015 incubator class to Friday, February 6th.
SixThirty has played a role in the development of two Finovate alums: miiCard, which was a part of the Fall 2013 cohort, and Gremln, a participant of the Spring 2014 class.
Co-founded by Jim McKelvey, SixThirty invests up to $100,000 per selected company, for a total of $800,000 a year in late seed-stage, financial startups. Through the four-month program, SixThirty provides companies with expert mentorships and the opportunity to network and connect with the region’s FI ecosystem, which includes MasterCard, Wells Fargo, and Scottrade.
The Spring 2015 cohort will be announced at the end of February.
The new year continues to bring C-level changes to the leadership of Finovate alums large and small. Today we learn that Gremln has hired former SirenGPS founder, Paul Rauner to be its new Chief Operating Officer.
Rauner said in a statement: “I am excited to leverage my experience to accelerate Gremln’s effforts to provide secure, compliant social media to our clients.”
Previous to founding SirenGPS, Rauner was Insurance Agency General Counsel for The NASDAQ Stock Market and Assistant Legal Director for Aon Risk Services. His responsibilities for Gremln will include forging strategic partnerships to help the company enter new markets.
Founded in 2009 and based in St. Louis, Missouri, Gremln raised $500,000 back in November. The company’s total funding is $2 million. Last year, Gremln was endorsed by the New York Bankers Association, and also participated in the SixThirty Accelerator Program
Gremln, the company dedicated to making it easier for banks and other financial institutions to benefit from social media, has secured a new investment of half a million dollars from Cultivation Capital.
The new funding takes Gremln’s total capital to nearly $2 million.
Tim Stern, General Partner at Cultivation Capital, emphasized the “safety first” aspect of Gremln’s technology, saying
there is a “large need” for software that will help industries control what is shared via social media. Stern will be joining Gremln’s board of directors as part of the investment.
Gremln specializes in social media management software that helps institutions use platforms like Facebook, Twitter, and LinkedIn without having to worry about regulatory and compliance issues. The technology includes compliance and organizational tools, analytics, features like bulk post upload, scheduling, and message assigning, and is available as a white label solution. Gremln has won awards and recognition from PC World, CIO Magazine, and the Innovators Cup. This summer, Gremln raised $100,000 as a participant in the SixThirty Accelerator program
Among the interesting notes in the coverage of the investment was the suggestion from Gremln CEO Ryan Bell that the company looking into other potential revenue sources, such as working with financial broker dealers. Bizjournals also reports that Gremln has grown approximately 500% since early 2013.
Gremln last demoed on the Finovate stage in September as part of FinovateFall 2014. See the company present its new mobile platform here
Social media management innovator Gremln picked up a $100,000 seed investment this spring as a participant in the SixThirty accelerator program.
Combined with the $523,500 raised last October (according to Crunchbase), Gremln’s total funding now stands at $1.4 million.
The investment comes with 16 weeks of mentoring in St. Louis, where the program is headquartered. As one of four startups in the current cohort, Gremln will also be introduced to some of the many major financial services organizations that are based in the area.
Also participating in the current class are Form Zapper, PromisePay, and WealthAccess.
Gremln helps financial institutions manage their social media presence While many banks are reluctant to participate in social media because of compliance and regulatory issues. Gremln’s platform makes the process both easier and safer.
The company’s latest innovation, demoed at FinovateSpring 2013
, provides features such as keyword and key phrase filtering, custom permission settings and approval process, all within an attractive and engaging user interface.
Gremln was founded in May 2011 and is headquartered in St. Louis. Ryan Bell is CEO.