Momentum For Great American Rail-Trail™ Builds With $15.6 Million In New Funding
12/15/21, 2:00 PM
Rails-to-Trails Conservancy (RTC) today celebrated momentum for the Great American Rail-Trail, the developing 3,700-mile trail that will be the nation's first walkable, bikeable route across the country, entirely separated from vehicle traffic.
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Today, the company announced a $5 million seed round led by Basis Set Ventures with participation from Inovia Capital, Leadout Capital, South Park Commons and a group of industry angels. Momentum CEO and co-founder Santiago Suarez Ordoñez said the company originally wanted to build a deal room on top of Slack, but when Salesforce took that route in its first round of Slack integrations in August, the company decided to attack a different problem. The company just hired its 14th employee since closing the seed round in August. The company has a diverse founding team that includes Suarez Ordoñez’s wife — COO Ashley Wilson — and CTO Moiz Virani. The company said it takes building a diverse team extremely seriously. The company is now operating at least part of the time out of shared spaces, but he said that being together makes it feel more real to him.“Not that it wasn’t real half a year ago, [but the fact that] we couldn’t be together was just just a weird artifact of how the world was working,” he said.Scratchpad snags $13M Series A to simplify Salesforce data entry