Three years after they cooked up a business plan over a kitchen table, Kabir Shahani and Chris Hahn landed $3.5 million for Appature, their Seattle venture providing online software and services to healthcare marketers.
The profitable company today announced it raised the money in its first round of venture financing, from Ignition Partners and Madrona Venture Group. It will use the money for sales and marketing and product development.
“Our investors are providing us with the support and infrastructure to get our solution in the hands of more organizations that could benefit from it, and that’s what makes this partnership very exciting,” Shahani said in the release.
Ignition’s Richard Fade said in the release that it’s “rare to find a company that has built a profitable enterprise without seed capital, let alone one that has acquired the quality of customers Appature serves.”
Here’s a 2008 story about Appature’s early days.