Talkoot Secures $1.65M in Seed Funding

Talkoot, a cloud-based content production platform for global brands, today announced that it has closed a $1.65 million seed round of finance to accelerate sales and marketing and drive product development. Seven Peaks Ventures led the round, joined by Cascade Angels, Willamette Valley Capital and a number of individual investors.

"We've been heads down building a great product that has allowed a handful of world class customers to scale their omni-channel product content. This new capital enables us to bring Talkoot to the thousands of other consumer-obsessed brands who need these same powerful capabilities to navigate the new, digitally-driven retail landscape," said Brian Hennessy, co-founder and chief operating officer at Talkoot. "We're automating a cumbersome process, saving thousands of hours and adding millions of dollars to their bottom line."

Talkoot's software as a service (SaaS)-based product content production system is designed to help brand teams write, edit, approve, translate and deliver copy globally. The platform is already in use by leading consumer-centric brands including Adidas, Mountain Hardwear, Dr. Martens, Burton Snowboards and Under Armour.

"Brian has built a seasoned team, including Derwyn Harris, co-founder of Jama Software, and an initial product for a market projected to grow to $15.8 billion by 2021," said Dino Vendetti, managing partner at Seven Peaks Ventures. "In just two years, the company has seen 400 percent growth, attracting a growing customer base of global brands. We are excited to work with the team to expand into the market with a SaaS-based solution that automates the unwieldy task of global product content production, management and delivery."

Part of this $1.65M if funding was secured in October 2018 when Talkoot won the Bend Venture Conference's growth stage competition.

About Talkoot
Talkoot is Finnish for "a gathering of friends and neighbors to accomplish a task." Founded in 2016 Talkoot is a cloud-based copy production and collaboration platform designed to help brand teams write, edit, approve and translate product copy for thousands of products per season and deliver that content quickly to the global marketplace. Target customers are brands with product lines and distribution channels whose sales depend on generating a high volume of accurate, credible, consistent and legally approved product copy season after season. Talkoot's specialized online software plugs easily into existing enterprise resource planning, content management and product lifecycle management systems without creating redundant functionality or costs. Talkoot is headquartered in Portland, Oregon, with offices in Hood River. Learn more at http://www.Talkoot.com.

About Seven Peaks Ventures
Seven Peaks Ventures is Oregon's leading early stage venture capital fund that invests in passionate entrepreneurs who are building the next generation of scalable technology companies in thriving innovation hub communities throughout the Pacific Northwest and Western U.S. As experienced entrepreneurs, investors and startup executives, the Seven Peaks team applies decades of experience in digital health, data and artificial intelligence, FinTech, HRtech, identity/security, and cloud infrastructure to help provide founders an "unfair advantage" as they grow and scale their businesses. For more information, please visit http://www.sevenpeaksventures.com.