Mobile Tech Company Lands FundingPosted: Updated:
A central Indiana technology startup continues to gain momentum. Gusto LLC has secured a $1.3 million round of funding led by Elevate Ventures. The company has released an app designed to let users organize emails, attachments and pictures. Founder Shawn Schwegman says Gusto plans to create up to 150 jobs by 2018. The former Overstock.com Inc. (Nasdaq: OSTK) and ChaCha Inc. executive discussed his hope to turn Gusto into a billion-dollar company earlier this year on Inside INdiana Business Television.
April 14, 2014
Indianapolis, Ind. -- Gusto, the iPhone app that organizes every email, file and photo you've ever sent or received into a visibly simpler, easily searchable, unified inbox, today announced it has secured $1.3 million in venture financing in a round led by Elevate Ventures and is now available (for free) in the iTunes App Store.
Elevate Ventures' investment was made through the Indiana Angel Network Fund, a seed and early-stage co-investment program under the U.S. Department of Treasury's State Small Business Credit Initiative in partnership with the Indiana Economic Development Corporation.
"We've been very impressed with the team," said Steve Hourigan, CEO of Elevate Ventures. "With the right talent and product-market fit, Gusto is well-positioned to become a leader in this space where discrete digital solutions are converging for consumers and business users alike."
Gusto automatically sorts your emails, attachments and photos—including photos pasted into the body of email messages—into four tabs: Mail, Files, Photos and All. Because Gusto combines mobile email with built-in cloud storage, users never have to worry about manually saving important documents to the cloud or forgetting which cloud service they used to store a particular file.
Gusto users can easily attach any file to a new email, a feature notoriously absent from most mobile email apps. And while the majority of email apps only allow users to perform basic keyword searches, Gusto lets users search by keyword, person, file type, account, date and more.
Founded by ChaCha and Overstock.com alum Shawn Schwegman, Gusto grew out of frustrations with keeping track of files and photos that are buried in emails and scattered across the web.
"I knew there had to be an easier way to organize my digital life," said Schwegman. "The average person manages multiple email accounts, uploads hundreds of photos across different social networks, and uses several cloud storage services to save and share important documents. Just as Google organizes and helps you find the world's content, you use Gusto to organize and find your content."
Emails, files and photos can be browsed in list or tiled views in Gusto, and users can open the original email associated with a specific file or photo with a single tap.
Gmail users can manage multiple accounts through Gusto, with future versions of the app introducing support for Yahoo Mail, Outlook/Hotmail, AOL, Exchange, iCloud and more in the coming months. The company has also slated the release of several integrations with social networks and cloud storage services for future updates.
To download Gusto (free), visit the iTunes App Store.
For more information about Gusto, visit http://www.gustoemail.com/, like Gusto on Facebook, follow Gusto on Twitter and +1 Gusto on Google+.
Headquartered in Indianapolis, Gusto's mission is to improve email, productivity and digital organization for the world on mobile, desktop and the web. Our digital lives are spread across the Internet with multiple email accounts, forgotten attachments, and files/photos scattered throughout the desktop, the cloud and buried in email. Gusto brings order to the chaos of your digital world. For more information, please visit http://www.gustoemail.com/.
About Elevate Ventures
Elevate Ventures is a private venture development organization that nurtures and develops emerging and existing high-potential businesses into high-performing, Indiana-based companies. Elevate Ventures accomplishes this by providing access to capital, rigorous business analysis and robust advisory services that connect companies with the right mix of resources businesses need to succeed long-term. As a not-for-profit organization, Elevate Ventures is able to offer unbiased, in-depth perspective and recommendations. To learn more about Elevate Ventures, its team and its funds under management, visit http://www.elevateventures.com/.
Sources: Gusto LLC, Elevate Ventures