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Venture Capitalists Stop, Collaborate And Listen To Teamwork Tech
While we struggle to set up a group Skype chat and create Google Sheets to organize our list of Google Docs, a new generation of venture-backed startups are building new tools to change the way we collaborate.
Investors are more excited about teamwork tech than ever. According to CrunchBase data, collaboration tech companies raised nearly $1 billion in venture funding in 2014 -- a 65% jump from 2013's total of $547 million. Last quarter's $333 million is by far the highest amount of capital committed in a single quarter to date.
VCs closed some huge deals last year, including a $120 million mega-round for enterprise messaging startup Slack, but the recent influx of early-stage capital proves there's still a need for better tools. Last quarter, the average seed deal weighed in at just over $1 million -- more than two times 2013's average of $430k.
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