Tomfoolery Raises Seed Funding

Tomfoolery has raised a $1.7 million round of seed funding. The funding was led by Morado Ventures and Sam Pullara, Twitter and Yahoo veteran, now a managing director at Sutter Hill Ventures. Investors include Andreessen Horowitz, Jerry Yang of AME Cloud Ventures, Brad Garlinghouse, CEO of YouSendIt, David Tisch, co-founder of TechStars NYC, and other angel investors.

PRESS RELEASE

Tomfoolery Inc. today announced a $1.7M round of seed funding. Led by CEO Kakul Srivastava, former GM of Flickr & VP at Yahoo! and CPO Sol Lipman, serial entrepreneur and former VP of Mobile First at AOL, Tomfoolery is developing consumer-quality, mobile focused software for work. The funding was led by Morado Ventures and Sam Pullara, Twitter & Yahoo veteran, now a Managing Director at Sutter Hill Ventures. Investors include Andreessen Horowitz, Jerry Yang of AME Cloud Ventures, Brad Garlinghouse, CEO of YouSendIt, David Tisch, co-founder of TechStars NYC, and other leading angel investors.

“In your personal life, social mobile applications are beautiful, their functionality is meaningful, and they let you to make real, human connections. At work, today’s enterprise software makes us feel about as close to our coworkers as strapping spreadsheets to carrier pigeons,” said Kakul Srivastava, Tomfoolery CEO. “People at work aren’t robots – they’re consumers who expect great software. At Tomfoolery, we’re creating an entirely new kind of collaboration toolset, built from the ground up, for the modern worker.”

“The opportunity for mobile to continue to disrupt the workplace is tremendous – Tomfoolery is poised to capitalize on this trend,” said Jerry Yang, Co-Founder of Yahoo! and Tomfoolery investor. “We are excited about Tomfoolery because they’ve put together an amazing team to go after a big idea.”

About Tomfoolery

Tomfoolery Inc, builds modern, human software for work. Founded by successful entrepreneurs out of Yahoo! and AOL with deep backgrounds in social mobile consumer technology, and backed with investments from key Silicon Valley venture capitalists, Tomfoolery builds social tools and apps for the workplace with one goal in mind: “Work Awesome.”

Useful Links:

Tomfoolery website: http://tomfoolery.com

SOURCE: Tomfoolery Inc.

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