17hats Raises $1.25M Seed Round Led by Wavemaker Partners

first_img First Heatwave Expected Next Week Community News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Business News 17hats Raises $1.25M Seed Round Led by Wavemaker Partners 17hats is a fully integrated business automation platform that was built specifically for “businesses of one” with a focus on simplicity and ease-of-use. Think of it as the operating system for the “solopreneurs” From STAFF REPORTS Published on Wednesday, February 18, 2015 | 3:59 pm Top of the News Name (required)  Mail (required) (not be published)  Website  Your email address will not be published. Required fields are marked * More Cool Stuff HerbeautyFinding The Right Type Of Workout For You According AstrologyHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyTiger Woods’ Ex Wife Found A New Love PartnerHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeauty Business Newscenter_img Make a comment faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Darrel Done BusinessVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes 17hats announced today that it has raised a $1.25M Seed Round to expand its business automation software for micro businesses or what 17hats likes to refer to as “businesses of one.” The funding round was led by Wavemaker Partners, one of the most active early stage investors in Southern California, with participation from a number of strategic entrepreneurs and angel investors.From its launch in October of 2014, 17hats has vastly exceeded its growth expectations and appears to have quickly achieved broad acceptance from its target market. This early momentum prompted the company to raise a modest seed round to further accelerate its growth. 17hats charges between from $12.50 to $29 per month for its software, depending on the length of service commitment.The Small to Medium Business (SMB) sector is a huge market that’s mostly comprised by the micro-SMBs or “businesses of one.” These owner-operated businesses are the backbone of the SMB segment and are comprised of a diversified group of service oriented entrepreneurs such as photographers, event planners, designers, consultants, one-person law firms, electricians, plumbers, etc. According to an independent study done in 2013, these entrepreneurs waste up to a third of their time in tedious and non-productive administrative matters. While there are already a number of solutions trying to address the various pain points, 17hats has built a fully integrated business application solution that simplifies and makes the management of these various administrative functions cost effective.“It’s not practical nor is it economically feasible for most of the one-person businesses today to subscribe to various software applications just to manage their various administrative needs,” said Donovan Janus, CEO and Founder of 17hats. “We built 17hats as one simple application to manage all important aspects of running a business. Now the owner can focus on why they went into business to begin with,” added Janus.“The micro-SMB or “solopreneur” segment is a large and constantly replenishing market,” said Eric Manlunas, Managing Partner of Wavemaker Partners who’s joining the 17hats board. “92% of the businesses that get started every year are considered “businesses of one” and they share the same frustrations from the extreme fragmentation of solutions out there. 17hats’ fully integrated approach makes it the ultimate productivity tool,” added Manlunas.About 17hats17hats is the simple business management app for solopreneurs. Its all-in-one system includes basic CRM, project management, calendaring, quotes, contracts, invoicing, time tracking and bookkeeping. With its workflow feature, users can automate many repetitive tasks. Launched in October 2014, the company is headquartered in Pasadena, CA. For more information, please visit https://www.17hats.com/About Wavemaker PartnersWavemaker Partners is a cross border early stage venture capital boutique focusing on technology enabled startup opportunities in both the US and Southeast Asia. With offices in Santa Monica, CA and Singapore, its principals are entrepreneurs who have successfully built and exited startups themselves. For more information, please visit http://www.wavemaker.vc Community News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Subscribe Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena 6 recommended0 commentsShareShareTweetSharePin it Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m.last_img read more

Men’s and women’s golf will compete this weekend

first_imgEarly next week, the No. 5 USC women’s golf team heads to Chicago to make its mark at the Windy City Collegiate Classic, while the No. 20-ranked men’s team will participate in the Nike Invitational in Fort Worth, Tex.Coming off of a strong third place finish at the Annika Intercollegiate tournament last week, the women’s team will be looking for a repeat performance from freshman Malia Nam, who placed second individually behind UCLA sophomore Patty Tavatanakit.Nam shot 12-under across 54 holes, tying her for the second largest margin in school history.Three other Trojans finished the event under par with sophomore Jennifer Chang tied for ninth place at 6-under, while junior Allisen Corpuz and sophomore Gabriela Ruffels tied for 21st at 1-under.First-year coach Justin Silverman will look to Corpuz to be a leader for this team as she is the most senior starter among the squad. Corpuz is coming off a dominant sophomore season after being named an All American by the Women’s Golf Coaches Association.This tournament should provide another opportunity for Silverman to prove that his team can compete with the other elite programs across the country, after trailing only Alabama and UCLA in last week’s opener by margins of 7 and 5 shots, respectively.On the men’s side, the squad is coming in hot after a solid showing in their season opener, the Fighting Illini Invitational. The team was able to battle through a sluggish first day, as it was in the eighth spot of the 14 teams heading into day two, but steadily progressed from fourth to an eventual second-place finish.  Three Trojans placed in the top six in the tournament, including junior PING All-American Justin Suh, sophomore Kaito Onishi and freshman Charlie Reiter. In his first start, Reiter proved that he could be a huge contributor to the team going into the future as he finished 4-under 66, helping USC finish at 7-over for the tournament.  In the process of placing second, USC defeated higher ranked opponents like No. 11 California, No. 2 Alabama, No. 16 Illinois and No. 4 Texas A&M.  Look for senior Justin Suh to return to his leadership role this year, who will be able to provide his learned experiences to an up-and-comer like freshman Charlie Reiter. If Reiter can maintain or improve upon the level of play that he displayed in his first performance as a Trojan, he could be a key player for the Trojans.Both the women’s and men’s teams have already exceeded early expectations. While the women’s team will look to maintain its top-5 spot in the rankings, the men’s team will be coming in as underdogs aiming to take down higher ranked opponents in their upcoming tournament. The Trojans may be overshadowed by top-10 teams such as Vanderbilt, Oklahoma, and Florida, but they can still make an impressive run based on their breakout performance at the past tournament.last_img read more