Cork-based Clearword raises $3.25m in seed funding

Cork-based business software company Clearword has raised $3.25 million (€2.8m) in seed funding to build its meeting platform aimed at distributed workforces.

The round was led by Connect Ventures, with participation from Act Ventures, Hello World and Unpopular Ventures, along with Cork entrepreneur Pat Phelan, technologist Dave Concannon, Oyster chief executive Tony Jamous, and TrueLayer chief Luca Martinetti.

Clearword, which was founded by David Coallier, Daire Irwin and Clodagh Monks, creates summaries of meetings and organises them in a searchable video library.

“We have been very selective in picking our investors and are grateful to have found people who are truly product-driven and 100 per cent invested in our vision,” a company statement said.

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“Figuring out the perfect combination of truly supportive institutional investors and angel investors is always hard for any start-up. After having carefully picked what we consider to be a set of investors with complementary value-add, we are thrilled to embark this journey with them to build the platform for your meetings.

“We looked at new and existing products, and realised today’s meeting experience is disjointed and frustrating, whether it’s setting up a call with someone, trying to remember what was discussed, or catching up with meetings you’ve missed,” the company said in a blog post announcing the funding.

“With that in mind we decided to build Clearword with the lofty goal of unifying the meeting experience at every stage of the meeting lifecycle: before, during and after the meeting.”

Mr Coallier, Mr Irwin and Ms Monks previously worked together on Barricade.io, which was sold to Sophos in 2016.