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	<title>The Inquisitr &#187; cotweet</title>
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		<title>CoTweet raises $1.1 million</title>
		<link>http://www.inquisitr.com/28719/cotweet-raises-11-million/</link>
		<comments>http://www.inquisitr.com/28719/cotweet-raises-11-million/#comments</comments>
		<pubDate>Thu, 09 Jul 2009 23:51:36 +0000</pubDate>
		<dc:creator>Duncan Riley</dc:creator>
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		<category><![CDATA[cotweet]]></category>
		<category><![CDATA[Twitter]]></category>

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		<description><![CDATA[<br />Twitter CRM web platform provider CoTweet has raised $1.1 million Series A in a round that included Baseline Ventures, Founders Fund, First Round Capital, SV Angel, Maples Investments and Freestyle Capital. CoTweet offers a web based Twitter client focused on business and customer management. Accurately described as a CRM platform, CoTweet allows Twitter account owners [...]<p><a href="http://www.inquisitr.com/28719/cotweet-raises-11-million/">CoTweet raises $1.1 million</a> is a post from: <a href="http://www.inquisitr.com">The Inquisitr</a></p>
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			<content:encoded><![CDATA[<p><img class="aligncenter size-full wp-image-28723" title="cotweet" src="http://www.inquisitr.com/wp-content/cotweet.jpg" alt="cotweet" width="500" height="346" /><br />
Twitter CRM web platform provider <a href="http://www.cotweet.com">CoTweet</a> has raised $1.1 million Series A in a round that included Baseline Ventures, Founders Fund, First Round Capital, SV Angel, Maples Investments and Freestyle Capital.</p>
<p>CoTweet offers a web based Twitter client focused on business and customer management. Accurately described as a CRM platform, CoTweet allows Twitter account owners to allocate multiple user access to a Twitter account, the allocation of &#8220;assignments&#8221; (allocating Twitter reply or tweet duties to workers), keyword monitoring, and &#8220;on duty notifications.&#8221; In conjunction with the round, CoTweet has moved into public beta, and for the first time anyone can sign up and use the service (it&#8217;s currently free, but they&#8217;ll be introducing paid versions later this year.)</p>
<p>I had the opportunity to try CoTweet a couple of months back, and although its not a service I could find a use for personally, this isn&#8217;t to say that others won&#8217;t find it utterly brilliant. The key with CoTweet is business based Twitter management in that it adds a management layer on top of Twitter, making Twitter easier to use in a business. What I would note most of all about CoTweet in a growing sea of Twitter clients (both web and desktop based) is that it&#8217;s original and unique. This is a service that both meets a need, and doesn&#8217;t try to compete in the me-too stakes that we see in most other clients.</p>
<p>The only odd thing about the round was the number of investors: six VC&#8217;s in a $1.1 million round? Either its a sign that the investors individually weren&#8217;t willing to spend more of their own money on the business model, or alternatively CoTweet split the round up so as to tap into the collective wisdom of all six. I&#8217;m actually thinking given how smart the folks at CoTweet are that it may well be the latter, but likewise meeting the demands of one or two VC&#8217;s can be taxing for most firms, I&#8217;d hate to imagine what dealing with six would be like.</p>
<p>Full press release on <a href="http://blog.cotweet.com/2009/07/cotweet-secures-funding-and-launches-public-beta">CoTweet here.</a></p>
<p><a href="http://www.inquisitr.com/28719/cotweet-raises-11-million/">CoTweet raises $1.1 million</a> is a post from: <a href="http://www.inquisitr.com">The Inquisitr</a></p>
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