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Blist, the company that is redefining the
database market, recently announced a $6.5 million Series A investment from
Frazier Technology Ventures and Morgenthaler Ventures. The company also
announced that it will use the additional funding to accelerate the development
and marketing of its new online social database service that allies the
simplicity of a spreadsheet with the power of a fully featured relational
database. In connection with the Series A financing, Scott Darling, general
partner at Frazier Technology Ventures, and Ken Gullicksen, partner at
Morgenthaler Ventures, have been added to Blist's board of directors.
"There's a tremendous opportunity to help both
consumers and small businesses democratize the function of organizing data
online, but it requires going well beyond the capabilities of today's databases
and spreadsheets," said Scott Darling, general partner at Frazier Technology
Ventures. "Blist's meticulous vision and history of building world-class
products uniquely positions them to drive the evolution of the database
landscape for mainstream users."
Designed in the 1980s and without significant
recent innovations, traditional database products from companies like Oracle and
IBM are costly and complicated to use. Due to their inherent complexity, these
products typically require a database administrator, are not viable for
non-technical people, and are too expensive for small organizations. As a
result, consumers and small businesses have been forced to organize information
in non-database applications like Excel or in complicated databases that require
knowledge of SQL.
"Blist delivers the biggest advancement for
consumers and small businesses in the database market since Microsoft launched
Access in the early '90s," said Gary Morgenthaler, partner at Morgenthaler
Ventures and former founder and CEO of Ingres Corporation and Illustra
Information Technologies. "As the first and only online social database service
in the market, Blist is poised to address the rising demand for user-friendly
databases, and we are excited to be an investor in this company."
Ken Gullicksen, partner at Morgenthaler
Ventures, adds, "With a solid track record of business plan execution, Blist
makes a compelling investment story."
Unlike traditional databases and spreadsheets,
Blist provides everyday mainstream users with a strikingly intuitive and
flexible way to design simple or sophisticated databases that meet their
specific needs without requiring users to have experience with programming or
databases. Using Blist, mainstream users can structure and catalogue all types
of information and then create communities around the data they share. Blist is
an ideal solution for creating anything from party or wedding guest lists,
fantasy football statistics, and personal finances to professional information
such as sales contacts, project milestones, campaign tracking, status reports,
and more.
"It's extremely satisfying to have two
prestigious investment partners believe in Blist's mission of building the
world's easiest database and who see the enormous opportunity to breathe new
life and innovation into the database market," said Kevin Merritt, CEO and
founder of Blist.
For more
information, please visit
www.blist.com
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